Sol Nasisi 's Articles

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Advantages and Disadvantages of Custodial Savings Accounts
Custodial savings accounts are bank accounts set up by a parent for a child that can contain either savings accounts, CDs, or a combination of both. Using them as a savings vehicle present several advantages and disadvantages.
Posted on March 05,2013 by
Savings and CD Rate Update - February 19, 2013
New best online savings rate, savings and cd averages continue to fall, forecast continues to foresee rates falling for the next 10-16 months.
Posted on February 19,2013 by
Savings and CD Rate Update - February 12, 2013
Average bank rates trending down. Top savings account rate steady at 1.25% APY while top rewards checking at 3.51% APY.
Posted on February 12,2013 by
Savings and CD Rate Update - February 4, 2013
Savings and CD rates continue to drop. Top national CD rate at 1.135% APY. Guess the top CD rate five years ago.
Posted on February 04,2013 by
Belmont Savings Bank Ups PlatinumBlue Savings Rate to 1.15% APY
Belmont Savings Bank has broken ranks with the majority of banks and increased the rate of its PlatinumBlue Savings account from 1.10% APY to 1.15% APY. That's one of the best savings rates in the country.
Posted on January 08,2013 by
Savings and CD Rate Update - November 13, 2012
Savings and CD rate trends, the impact of the fiscal cliff on savers, and my weekly rate forecast.
Posted on November 13,2012 by
Savings and CD Rate Update - October 26, 2012
My weekly recap of savings and CD trends as well as news that might impact rates going forward. Happy Halloween.
Posted on October 26,2012 by
Select Banks Buck Trend and Increase Their Online Savings and Money Market Rates
Several online banks have increased their online savings or money market rates in the last six months. Is this a trend or an anomaly?
Posted on September 10,2012 by
Weekly Rate Spotlight - Citizens State Bank Offering 4.00% APY Variable IRA
Citizens State Bank of Cadott, WI is offering a Variable IRA (VIRA) rate of 4.00% APY. The Variable IRA requires that you have a checking or savings account at the bank and make at least monthly transfers from one of those accounts into the IRA. There is no minimum transfer amount. The maximum total transfer amount is determined by IRA rules.
Posted on February 13,2012 by
Weekly Rate Spotlight - Liberty Bank & Trust Offering 1.31% APY Savings Account Rate
This week, I'm going to spotlight Liberty Bank & Trust, a 22 branch bank headquartered in New Orleans. Liberty is offering a 1.31% APY savings account with a $50 minimum balance.
Posted on February 06,2012 by
Weekly Rate Update - Aflac Federal Credit Union Offering 2.41% APY Savings Account
Aflac Federal Credit Union is offering a 2.41% APY savings account for its members, and that's no quack.
Posted on December 29,2011 by
First Priority Bank Offering 1.5% APY Savings Account Guaranteed Through September
First Priority Bank if offering a 1.50% APY savings account rate that is guaranteed through September 30, 2011.
Posted on September 12,2011 by
Banks Paying Above Average Savings Account Rates
We all know that savings account rates have been on a path to nowhere over the last three years since the start of the global financial crisis. Back in 2007, savings rates were as high as 6% but now the average is closer to .50% APY. But with a little bit of research, you can still find savings accounts at 1% APY and above - some even higher than 1.50% APY.
Posted on August 03,2011 by

Sol Nasisi

Sol Nasisi
Bio: Sol Nasisi is the co-founder and president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely follows rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He is specifically focused on how rates impact consumers' ability to borrow and save. He is the author of a weekly column on bank rate trends.

Mr. Nasisi previously served as the head of online consumer sales at Bank of America and prior to that, was the director of online marketing for FleetBoston Financial. He holds an MBA from the University of Texas at Austin and a BA from Tufts University. He is also a graduate of The Graduate School of Retail Bank Management sponsored by the Consumers Bankers Association.

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Financial Video

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

CD and Online Savings Rate Trends



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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.

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