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#1990092 - 01/21/15 06:21 PM Interest Bearing Account for Businesses
ComplianceNewby Offline
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ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
Are interest bearing accounts limited to sole proprietorships and nonprofit organizations?

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Deposits and Payments
#1990107 - 01/21/15 06:45 PM Re: Interest Bearing Account for Businesses ComplianceNewby
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
There are no eligibility restrictions on interest bearing demand deposit accounts or savings accounts.

If your bank still offers NOW accounts, then their availability is limited to individuals, sole proprietorships (individuals), government entities, and non profit organizations.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#1990153 - 01/21/15 08:05 PM Re: Interest Bearing Account for Businesses Elwood P. Dowd
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
thank you

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