High-interest checking accounts for small businesses from capital one

Capital One has today introduced the Clear Interest Business Checking which is the first bank to market high-interest checking accounts for small businesses. Capital One is trying to make money management simpler by offering the high-interest rates as well as easy access to funds along with turn-key cash liquidity. The entire money management process is being simplified in order to help small businesses to focus more on improving and managing their businesses more efficiently.

Peter Appello, Executive Vice President of Small Business Banking at Capital One Bank stated that the Clear Interest Business Checking Account can change the way business owners manage company funds. With this checking account, business owners will feel reassured that the idle cash is also working just as hard as they are.

The decade old banking rule which prohibited banks from paying any interest on the commercial demand deposit accounts, Regulation Q is replaced by the new business-friendly change, and this marks a very important chapter in the industry. This has opened the doors for interest bearing checking accounts for small businesses. Now, with the Capital One Clear Interest Business Checking, business owners will have a clear edge, as they would be offered a generous rate of interest during the first year and a very competitive rate thereafter. In addition to this, Capital One also provides a Business Specialist who will help business owners in managing their funds more efficiently and thereby increase their earning potential as well.

Gene Marks, who is a small business expert as well as the President of The Marks Group, has stated that business owners seem to have a lot of concerns especially while managing finances and one of the biggest concerns is due to the fact that they are forced to devote time and energy in moving funds from one account to another in order to earn a better rate of interest. This is unproductive time and it could be used far more efficiently in attending business meetings with clients or in expanding their businesses.

Repealing Regulation Q is now being seen as a major win for these business owners. With the Clear Interest Business Checking Account, Capital One has proven that it does understand the needs of these businesses. This offered a simple and yet high-value way to earn a higher rate of interest every day. It includes some features like no monthly fee on balances up to $10,000 and above, 300 free monthly transactions, high interest, Capital One Business Specialist assistance etc.