Interest On Business Checking Isn't Appealing To Some Companies

From the Wall Street Journal:

A little-noticed provision of last year's financial-overhaul law gave companies something they had long wanted: a way to earn interest on large balances held in bank checking accounts.

But now, with the economy weak and interest rates tumbling, many of them don't want it anymore.

The best deal for business checking accounts is at Capital One which currently has a promo in certain states that guarantees 1.10% APY for 12 months on deposits up to $100K. See my Capital One Business Checking review for details.