It is never a good idea to fund a new business with your own money unless you absolutely can't avoid it. Always try to get business loans and business grants first because the moneys are truly separate in the eyes of the law. You don't want to connect your personal money to that of the business.

That said, prudence and research are your friends. Certificates of deposit come with various rates for various amounts deposited and for amount of time on deposit. You have to really pay attention to their schedules because the longest time is not always the highest yield. Ask point blank, what is your highest rate. Don't ask what is your 5 years rate. CD's come in handy if you are planning out expenses for the year.

Try to borrow against your savings instead of using them. This can give you a little cushion of time and you may pay less interest with the right loan than you make with your savings.

Ask your banker. They are often aware of different money marketing strategies. The more you know, the more you'll save.

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