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Some of the Lesser Known Online Banks Have Been too Quick to Slash Rates, Burning Customers
The Federal Reserve made emergency cuts to the Fed Funds rate, taking the benchmark rate to a range of zero to 25 basis points as the COVID-19 crisis hit our shores last month. While the Fed move will cause savings rates to fall over... Read →
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I have Changed My Tune on Singapore KrisFlyer
Those who have followed my credit card rewards writing for some time know that I have been a fan of Singapore Airlines’ KrisFlyer program since way back when. Transferrable points can be transferred to Singapore Airlines from Amex,... Read →
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All of these Analysts Screaming on CBNC About Big Up Moves in the Market Are Masking 2 Unsettling Truths
Here at BestCashCow, we’ve been inundated by people thanking us for the work that we are providing in organizing and displaying bank rates over the last several weeks. We are grateful that we can continue to provide everyone with... Read →
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Federal Reserve Cuts Fed Funds Rate to Zero to 0.25%, Buy 1-Year CDs Now
The Federal Reserve has made its second emergency rate cut in a little over a week, cutting the Fed Funds rate by a full 1% to a range of zero to 0.25%, in order to address the unprecedented economic slowdown caused by Coronavirus. On... Read →
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Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut
We’ve read and heard a lot of financial markets information since the Federal Reserve’s emergency rate cut last Tuesday in response to the spread of Coronavirus. By the end of the week, 10-year US Treasuries were trading... Read →
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Steps You Can Take to Help the Major Airlines Survive Coronavirus in 2020
Anyone who lived through 9-11 and the financial collapse in 2008 and 2009 remembers how extraordinarily painful were those periods for the airline industry and their employees. And, even the industry’s staunchest critics (hard core... Read →
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The Federal Reserve Makes a 50 Basis Points Emergency Fed Funds Cut
The Federal Reserve has made a 50 basis point emergency cut in response to the spread of Coronavirus, moving the Fed Fund rate to a target of 1.00 to 1.25%. The market is pricing in the likelihood of further cuts on that March and April... Read →
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How to Fly Business Class for Free without Flipping Credit Cards
If you are like me, you love to travel to exotic places with your family. I cannot count the number of times that I have taken my daughter to Hawaii on vacation. I’ve also taken her on road trips in Andalusia and France within the... Read →
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Our Advice is to Move Money From Savings Accounts to No Penalty CDs Right Now
The stock market is crashing. Anyone in it is losing a fortune this week. The temptation may be to try and follow Jon Najarian’s crazy option trades and be a hero, but as a veteran of 2000 and 2008, I can guarantee you that is... Read →
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Falling Savings Rates And Higher Taxes on Interest - Some Relief in An Alternative Currency?
Savings rates are falling and so too are CD rates. A lot of people are reaching out to BestCashCow to complain about falling interest rates, but unfortunately we just list these rates (some folks don’t understand that we don’t... Read →
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5 Reasons You Should Consider an American AAdvantage® Account with Bask Bank
Editor's Note: We have learned that the sign-on bonus, the feedback bonus and the balance bonus, all of which are described below, will continue to be extended to users who register for new accounts through June 30, 2020. These bonuses... Read →
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Are Some Online Banks So Deceptive that They Should Not Be Listed on BestCashCow?
First, the good news. In its nearly 15 years, BestCashCow has very seldom had to deal with this issue. As the reviews across the site indicate, most people have outstanding experiences with the major online banks. For the most part, across... Read →
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Barring New Yorkers from Global Entry Violates the US Constitution
It has been 25 years since I graduated from law school and almost as long since I have practiced law. I am no longer so certain why I went to law school, but I am damn certain that I remember Constitutional law. This will clearly come... Read →
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Chasing Savings Rates in a Falling Rate Environment is A Losing Strategy
I often speak to bank executives who are pursuing capital with the goal of bringing in large deposit volumes and who are setting their rate strategies. These folks will tell me that they are trying to avoid “fast cash”. In... Read →
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