A New Option for Penny Pinch-ING

These days, there are plenty of options for business owners who want to open savings accounts for their companies. Banks are offering accounts with higher returns and easier banking options. ING Direct's new Business Savings Account targets entrepreneurs with no minimum balance requirement and a higher-than-average 5 percent annual percentage yield. The savings account can be linked to your checking account at your current bank, allowing you to transfer funds as you see fit. The account can also be accessed by up to three different people, so your business partners can be in on the action.

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the November 2007 print edition of Entrepreneur with the headline: Penny Pinch-ING.