Successful municipalities, businesses and organizations are rightly focused on earning and maximizing profits; however, we find that many do not maximize the yield they earn on those profits once they are in the bank. In today’s ultra-low rate environment, it is important to shop around for solutions to maximize yield on cash. We see many successful businesses and organizations leaving tens of thousands of dollars on the table by leaving their operating cash and retained earnings in bank accounts, earning little to no interest.
Your organization’s operating cash is required for day-to-day operations. For this reason, protection of principal, accessibility, and yield are our primary concerns in that order. Maximizing yield, while satisfying these requirements provides additional income which could be used for a new marketing campaign or a key capital expenditure.
Optimal cash management should be and, as a rule, is a priority with Contego Wealth Management.
Contego Cash Management Highlights: