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Updated almost 5 years ago,

User Stats

7
Posts
0
Votes
Nicholas N.
  • Investor
  • Miami, FL
0
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7
Posts

Savings account w/ same or next biz day wire transfer

Nicholas N.
  • Investor
  • Miami, FL
Posted

Looking to park $100K-200K$ and earn interest. If I win a foreclosure auction I need to be able to wire-transfer that amount of funds to the court's account the same/next business day. Otherwise you loose the auction and your deposit. Most high yield savings or interest-earning checking accounts I looked into seem to have a $25K/transaction limit or 2-3 business days for wire. Any suggestions? Where do you all keep your foreclosure auction money, earn interest and still be able to wire them quickly? 

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