Making Business Savings Better
You are busy running your business, not thinking about bills that are not due yet. It is easy to forget to save for tax payments and other annual or quarterly expenses when you’re focused on business operations. If you only use a checking account, you may not have enough available funds when a big bill arrives.
You do not have to deposit large amounts of money into a savings account. Instead, save as your business grows. Depositing small amounts might not seem useful at first, but the account will gradually add up as you save over time.
For your business to grow, your savings account needs to grow too! Most of the high-value savings products available to our members are also available to your business.
Keeping a cash reserve designated for tax payments and other expenses in a business savings account can help you be prepared. A savings account eliminates the need to budget tax payments in the same account used for general business expenses.
Contact a Business Specialist to begin.