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Best place to park $1M for 12 months?

1 points by y2002 ↗ HN
My business operations are on hold right now and I'm looking for a safe place to park roughly $1-3 million.

By safe I mean FDIC safe. And it has to allow BUSINESS accounts.

Best I've seen so far is some online banks offering .7%. There are some banks offering 1% for personal accounts, but they are for personal accounts and don't accept businesses.

Any help would be greatly appreciated!

3 comments

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mhkool
inform yourself about governments that endlessly print money and you will quickly find out that inflation is a key word. In times of inflation there is a substance that many call "insurance": physical gold outside a bank since banks generally default in times of inflation.
bobbba
Look at landingrock.com they offer insured accounts up to $10 million and competitive interest rates.