If I could pick everyone's brains for a moment...do any of your PTAs or PTOs have savings accounts? A proposal went through our PTA to move all of the money that is over and above our "cushion" amount from the current non-interest bearing checking account to an interest bearing savings account. When we need to pay out money, an amount would be moved back into the checking acccount to cover it. These accounts are at two different banks.

In addition, there is a proposal for only one signature to be required to move money from the savings to the checking account when needed. We require two signatures on all of our checks.

I would love to get some of your feedback on this...it seems like this is making more work for the treasurer than the small interest that we would gain. Plus, I am strongly against having only one signature on any financial transaction, for everyone's protection. Unfortunately, I seem to be in the minority on this. Am I not thinking through this correctly? Thanks for any thoughts you all might have...!