How Hard Is Your Short-term Cash Working?

When you’re running your own business, few things are more important than the bottom line. One of the keys to success is to make your cash work harder. However, one dilemma many business owners face is what to do with excess short-term cash. You want your cash to earn additional revenue for your business, but you don’t want it to be difficult to access, should the need arise.

In the past, resolving this issue has involved one of two less than ideal alternatives.

1. Hold your excess cash in low yielding, but easily accessible operating accounts. You can get at your cash when you need it, but it doesn’t help your bottom line.
2. Put your excess cash in money market funds, government treasury bills, or short-term deposits. This helps your bottom line, but makes it difficult to access the cash quickly if an urgent need arises. Now, there is a better alternative.

An Advantage for your business

The Manulife Bank Business Advantage Account is a high-interest, full access investment account that works as the perfect complement to your operating account. With Business Advantage Account, you get the high rate of interest you need to ensure your excess short-term cash isn’t sitting idle. Meanwhile, you have the comfort of knowing you can get at your money any time.

Make your cash work harder

Manulife Bank Business Advantage Account pays a premium rate of interest1 – comparable to money market funds, government treasury bills, and even shortterm GICs. There’s never any required minimum balance, and the full premium rate is applied to every dollar in the account. Better still, there’s no monthly maintenance fee applicable to this account.

Improve your bottom line with Manulife Bank Business Advantage Account.

Easy to access

Business Advantage Account makes managing your excess short-term cash easy. Simply transfer cash from your operating account online or
over the phone2, mail us a cheque, set up a direct deposit or make a deposit at a Royal Bank Branch. When you need the cash again, transfer it back to your operating account, pay a bill online or over the phone3, or write a cheque4.

Easy to track

Keep track of the account activity and balance online or through optional monthly statements5.

(Footnotes)

1. Interest rate is variable and may change at any time. For information on current rates, visit manulifebank.ca, or call 1-877-765-2265.
2. No fee applies to online or phone transfers. Allow two business days.
3. A $0.50 fee applies for online bill payments. Allow two business days.
4. A $1.50 fee applies per cheque written; cheques are not returned.
5. A charge of $12/year applies for the monthly statement option.

 

THE NEXT STEP IS YOURS. TAKE THE FIRST STEP ON THE RIGHT PATH®. CALL US TODAY!