Nobody appears to have an answer....good question.......my opinion... it is the
nature of the beast, IRS regs., banking regs,etc. etc. ...pick one
From: roryphoenix@xxxxxxxxxxxxxxxxxxx
To: phoenixchoraleex@xxxxxxxxxxxxx
Subject: [phoenixchorale exec] Re: bank balance and investments
Date: Fri, 5 Feb 2016 12:34:57 -0500
Thanks, Russ.
Do they have a reason for why it can't be in the name of a business? What do
businesses do that want to make a safe investment like this?
Rory
On Fri, 5 Feb 2016 11:25:14 -0500, Russ Glidden
<freestyle04098@xxxxxxx> wrote:
Good morning Rory,
thank you for being a good
steward and your thoughts on investing monies we will not commit ...at least for
a year...I have had a chance to speak with a number of people who move in the
financial circles ...including a friend who works for Raymond James Financial
Services here in Portland.....and they all have directed us to on-line
banking....locally it is a bust insofar as rates /yields are concerned...the
most attractive [safe] rate on a one year CD [that I can find] is 1.3% with
a minimum investment of $2500.00 [on-line banking]....with one hic-up....The CD
cannot be in the name of a business but has to be an individual.
Having said all of this, many on-line banks do
not offer CDs to businesses. The best that we can do locally is in the range
of .25% given our parameters....and I have checked with Saving banks, Commercial
Banks and Credit unions.....It is the best that I can find
Russ
From: roryphoenix@xxxxxxxxxxxxxxxxxxxPhoenixchoraleex@xxxxxxxxxxxxx
To:
Subject: [phoenixchorale exec] bankbalance and investments
Date: Thu, 4 Feb 2016 02:10:47 -0500
Hi Everybody,todays rehearsal and all prior sessions for which they had not been paid, our
After we pay Deirdre and David for
this to increase with dues today.
$41,142.17
I expect
CD would earn us $260.
At 1.3%, a 1-year $20,000
about that. Jon said he would advise us if we asked.
We should be considering what to do
have experience on the Board, although no one has signed on to be our financial
I know we
Thoughts?
Rory