My business checking account finally hit a $50,000 average daily balance

I never thought I'd see it, but after a couple of big jobs and tightening up our billing cycle, it happened last quarter. It's a weird milestone that feels like we've leveled up, but also makes me nervous about just letting it sit there. Do you keep a big buffer in your operating account, or move most of it out to earn something?

4 comments

4 Comments

vera_lewis22mo agoMost Upvoted

Congrats, that's huge. We keep a 30k buffer and move the rest to a high yield account.

wesleyb202mo ago

Congrats on the milestone, but letting that much cash sit idle is wild to me. I sweep almost everything above a small buffer into a high yield account.

emma_flores2mo ago

Totally agree with moving it. Letting that much cash just sit is a bad move. Even a basic high yield savings account beats a checking account. The interest adds up fast on fifty grand. Set a buffer you're comfy with and automate the rest. Makes your money work for you while you sleep.

linda1142mo ago

Congrats, that's a huge deal. My buffer is way smaller, I get nervous just looking at a number that big. I'm with wesleyb20, letting it sit feels like leaving money on the table.