Thinking of moving some "business" (really just personal cash that is protected under an LLC) cash over to Everbank Business MM. Their MM rate is 3.25%, which seems really good right now. I'm thinking about putting about $700K there but I am a bit worried about some of the "bad" customer service stories I've read online. I've also seen some wierd things like they have a $10K per day ACH limit, which would obviously force me to do a more expensive wire transfer if I needed more.
Currently my cash is at Ameritrade earning a paltry 2.01% so we are talking several thousand dollars.
Anyone used everbank with a lot of money?
Currently my cash is at Ameritrade earning a paltry 2.01% so we are talking several thousand dollars.
Anyone used everbank with a lot of money?