u/Status-Coat-8096

We need to maintain a business checking account of roughly 200k-300k and savings/emergency fund of about 400k.

Our local credit union is ok but rates suck.

Have thought about moving all cash to fidelity business brokerage and paying vendors/payroll from there. But I am a little weirded out with low possibility of whatever fund we are in breaking the dollar.

Most of the atmos, bluevine etc seem ok, but then the horror stories keep me from doing anything.

For owners that are trying to keep cash from loosing value, how and where do you manage it?

We have a business that carries 600k in cash.

We should maintain 300k in cash equivalent for operations but would love to get a return.

Thinking about opening a business fidelity account and running it as our checking.

Are there any bond, tbill, dividend etc etfs that offer better returns than spax where we could park 300k plus additions through time. Will need the money when we are organizationally ready to invest in second location -2-5 years hopefully.

Would you leave the core as spax or something else?

Or something else entirely?

We don't have big money, but I do don't won't to waste opportunity either. At what point do you think a cfp is worth their fees? At what point should we have more than declared beneficiaries and a will? We have a tax accountant and work with a cfp for our 401k who will give some free advice.

We own a small business, have retirement, hsa, 529, high interest emergency fund, taxable brokerage, home - 35% equity. Allocation percentage is cash heavy, but it also keeps us sane.