Ari Socolow 's Articles

by type: All Articles Resource
by category: All Banks Credit Unions Savings CD Economy Bank Research Social Lending Bank Innovation State Specials Auto Dividends Checking Mortgages Bonds Other Credit Cards Home Equity

All Articles

Should you Opt-in to Overdraft Programs When Opening A Checking Account?
Checking customers are at risk of paying high overdraft penalties and having their accounts involuntarily closed if they opt-in to bank overdraft programs when opening checking accounts according to a report released today by the Consumer Financial Protection Bureau (CFPB).
Posted on June 11,2013 by
Bank Direct Effectively Ends American Airmiles Program
In a May 1, 2013 letter to depositors, Bank Direct has announced changes on June 1 to the American Airmiles Mileage Checking with Interest Program. The changes will render the program worth much less to most depositors.
Posted on May 04,2013 by
Duke Energy's PremierNotes Are An Inappropriate Place to Stash Cash
Duke Energy has begun to advertise an unsecured commercial paper program. While the company is offering yields that are as high as 1.51%, these notes are uninsured, and hence represent an inappropriate place to stash cash for most.
Posted on April 08,2013 by
Cypress Could Happen in the US; Actually It Happens All the Time
Today's news from the EU is that Brussels determined that the Bank of Cypress should be reorganized in a manner leaving its depositors with losses of up to 30% of their deposits over insured amounts, and that the Laiki Bank should be "resolved" in a manner leaving its depositors with losses of up to 70% of deposits over insured amounts. Cypriot law had insured depositors to a Euro 100,000 level so the burden is falling largely on those depositors more wealthy than the average Cypriot, including wealthy and near-wealthy Russians who by many accounts now provide more than half of the deposits to Cypriot banks.
Posted on March 25,2013 by
Salem Five Lowers Top Online Savings Rate
Salem Five Direct lowered their online savings account rate from 1.25% to 1.00% APY. It had been the highest online savings rate in the country.
Posted on February 13,2013 by
GE Capital Launches New Online Bank
GE Capital is the newest entrant into online banking, having completed the acquisition of MetLife Bank's online bank and merged it into its retail bank on January 14, 2012.
Posted on January 21,2013 by
Accounting Fraud or Not, Hewlett Packard Has Proven to Be A Huge "Value Trap"
Hewlett Packard asserted on November 20, 2012 that it was the victim of massive accounting fraud in its October 2011 $10 billion acquisition of Autonomy. The issue of whether fraud occurred is fascinating, but secondary to the reality that Hewlett Packard - like no other stock in recent history - demonstrates the danger of chasing dividends and looking at PE ratios. Does the stock represent value here?
Posted on November 20,2012 by
American Express Bluebird Card Presents a Frequent Flier and Hotel Point Bonanza
For those consumers aiming to quickly rack up frequent flier miles and hotel points, the Bluebird card introduces huge new opportunities.
Posted on November 07,2012 by
Chase Ink Cards Make Sense for Business Use and For Personal Use
Chase offers two great credit cards intended for small and medium size business to use, but they make sense for anyone engaged in any sort of business capacity.
Posted on November 06,2012 by
TIAA-CREF Launches Online Bank with 1.25% APY Rate
TIAA-CREF Trust Company has launched an online bank offering 1.25% APY rate.
Posted on July 16,2012 by
ING Direct Offering $152 Bonus for New Accounts Before Independence Day
ING Direct has begun their annual "Financial Independence Days Sale" which will run through 11:59 PM RT on July 3rd.
Posted on June 30,2012 by
Five Best Credit Cards for Travel Rewards
Those aiming to accumulate air miles and hotel points quickly should consider these credit cards.
Posted on May 03,2012 by
Argentina and YPF: Here We Go Again
Christina Fernandez de Kirchner's move to nationalize YPF follows a troubling Peronist trend, and assures Argentina's future as a third rate economic power.
Posted on April 17,2012 by
BankDirect: With Rates So Low, Should You Opt for American Airlines Airmiles?
BankDirect's Mileage Checking with Interest program is especially interesting in the current low rate environment, but will not work for everyone.
Posted on March 12,2012 by
Are Ben Bernanke and the Federal Reserve Telling You to Buy Public Storage Preferred Stock?
When he assumed the role of Chairman at the Federal Reserve in February 2006, Ben Bernanke made it known that he was a student of history who believed that rates should have been held low for the entire decade in the 1930's. As the US recovered from the Depression, he believed the failure to maintain this low rate policy contributed to the economic difficulties later in the decade.
Posted on January 15,2012 by

Ari Socolow

Ari Socolow
Bio: Ari Socolow is the Editor-in-Chief of BestCashCow. He is a technology entrepreneur and a former investment banker and attorney. Ari is particularly interested in issues relating to financial literacy and bank transparency. He founded BestCashCow to help Americans of all ages secure their financial future. BestCashCow offers information on local and national savings, checking and CD products, as well as mortgage and credit products, so that consumers can easily identify the most appropriate products for their needs.

Ari holds an MBA from Columbia, a JD from Emory and a BA from Tufts.

Follow him on:

Google +

Financial Video

Understanding the Time Value of Money
Posted on April 10,2013

CD and Online Savings Rate Trends



View more rate graphs

Financial Resources

see all articles

Financial products of all nature bear inherent risks and this website is not a financial advisory service. BestCashCow.com provides information related to rates on US-based savings accounts, CD (certificates of deposit) rates, money market accounts, money market funds, government bonds, other bonds and income producing securities, commodities, equity securities, mortgage rates, home equity rates and auto loans rates, free of charge to internet users for their independent use. The accuracy of information on the website is not guaranteed, and no financial product of any sort is endorsed. On certain web pages, BestCashCow.com may contain discussion and analysis of the risks and rewards associated with certain financial instruments, including equity instruments, or may link to other pages with such discussions. The information should not be construed to provide investment advice. In fact, users are specifically warned against following any advice related to specific instruments, including advice that may be on other web pages linked from BestCashCow.com. Please seek personalized advice on the risks and applicability to your own circumstances of any financial product from a qualified professional. © BestCashCow.com, LLC, 2013.

This page was created in 0.1490 seconds.