You might be surprised to learn that more than 70 percent of small business owners were not aware there was a law in effect for decades that prevented banks from paying interest on business checking accounts. That’s why Capital One Bank recently introduced Clear Interest Business Checking, a first-to-market high interest checking account for businesses, to help small business owners simplify money management!
So what is Clear Interest Business Checking? It’s a new checking account specifically designed to offer business owners an unprecedented high interest rate, easy access to funds and turn-key cash liquidity. It was created in response to the recent repeal of Regulation Q, which prohibited banks from paying interest on commercial demand deposit accounts. With Clear Interest Business Checking, small business owners can feel assured that their idle cash is working as hard as they do to maximize earnings.
Features and benefits of Clear Interest Business Checking include:
- Unprecedented Interest Rate: Market leading interest on operating capital for the first twelve months and a market-competitive rate thereafter
- Dedicated Customer Service: Access to a Capital One Bank Business Specialist who can help manage funds and assist with account-related needs
- High Activity: Up to 300 monthly transactions; minimum of 25 monthly transactions to earn market leading interest rate
- Avoid Fees: $8 monthly maintenance fee waived on accounts that maintain a minimum balance of $10,000
To learn more about Capital One Bank’s Clear Interest Business Checking, visit www.ClearBusinessChecking.com. And while you’re there be sure to try out the personal calculator to see just how much you could be saving!