ideasfortps.com

Negotiate a new depository contract

Submitted by chrismyers on Sat, 02/20/2010 - 19:38

Make sure every checking account earns interest. Watch the type of bank account the district has. Ask for a monthly bank account analysis to confirm the transaction fees charged to the account even if the district maintains a compensating balance. Ricardo ISD’s bank pays interest on all accounts, and the district is earning an additional $7,000 annually through better investing practices. Smithville ISD’s bank didn’t offer a sweep account recommended by TSPR, so the district used this leverage to encourage the bank to increase interest by nearly $9,000 annually.

From 101 ways to save money.