Articles
All Articles
Image Image Copyright BestCashCow
In Spite of Uncertainty, Savings and CD Rates Are Rising into December 2018 FOMC Meeting
The last couple of weeks have been fraught with uncertainty in global markets. In the US, we ended November with Fed Chairman Jay Powell moving to appease a President in a speech before the NY Economic Club by suggesting that a... Read →
Image Courtesy: Pexels
Avoiding Early Withdrawal Fees on CDs by Withdrawing Only Accrued Interest
Like many people who realized three or four years ago that interest rates were not going to go up at the time, I locked some money into 5-year CDs back then. These CDs are now within a year or two of maturity. The early withdrawal fees... Read →
Image Courtesy: Pexels
9 Major Mortgage Mistakes to Avoid to Keep Your Mortgage Pre-Approval
Mortgages often seem like a necessary evil for those of us who don’t can’t pay for a home outright, which let’s face it, is nearly everyone. Buying a home is a lengthy, exhausting process of talking to different... Read →
Image Courtesy: Pexels
No Need to Rush Into Neo-Banks
Unlike manufacturers, banks don’t make things. Unlike retailers, banks don’t sell things. Banks make money in three ways - the fees they charge for services, the interest they charge on the loans they make, and the income they... Read →
Image NPS.gov
December 2018 Update – Five Nationally Available Online Savings And CD Accounts that Recently Raised their Rates
Savings and CD rates continued to firm in November. And, while much was made in the last few days concerning Fed Chairman Jay Powell’s unprecedented equivocation to presidential harassment, the Fed will likely raise the Fed Funds... Read →
Image Courtesy: Pexels
Money Is On Sale
If you turn on the TV, open the Sunday newspaper, or log on to anything, you’ll see that while the holiday season is about family and friends, it is also about savings money and getting the best deals (when spending money). What is... Read →
Image Yahoo!
Federal Reserve Chairman Jerome Powell Bows to President Trump, Setting Dangerous Precedent
Jerome Powell in his speech this morning at the Economic Club of New York stated that the Federal Reserve is “just below” its neutral rate. The Federal Reserve is poised to raise the Fed Funds rate by 25 basis points to 2.25%... Read →
Image Courtesy: CNBC
Ray Dalio’s Advice is Not For You
Ray Dalio is a Greenwich-based hedge fund manager. I don’t know Ray, but by all accounts he is a very successful operator with excellent performance and a smart guy. Dalio has recently been playing his hand at making far out... Read →
Image Courtesy: Pexels
A Lesson for your Kids about Math and Money
It’s very hard to figure out when and how to discuss money with your children. It’s almost as difficult, surprisingly, as talking with them about sex. But there is an easy way, one that also gives them at the same time an... Read →
Image Courtesy: wgauradio.com
The Joke is on Me and Lots of Others
Georgia's election outcome and the Brian Kemp systematically disenfranchised votes shows that Georgia is not everything we had hoped.
Read →
Image Courtesy: Wikipedia
Long Island City Gets Amazon; Alexandria Ocasio-Cortez and Other Protestors Misguided
I live in New York and have for many years. I have been a big beneficiary of the fact that this City, under Michael Bloomberg’s and Bill De Blasio’s leadership, has attracted Google and now Amazon to make major investments... Read →
Image Courtesy: Pexels
Sexy and Dangerous: Avoid the 3.50% Toronto Dominion Callable Step-Up CD
TD Ameritrade is sending out notices to some of its clients offering a new callable step-up CD offered by Toronto Dominion, its parent. This new product - which offers an initial 3.50% APY interest rate - is dramatically more sexy than... Read →
Image Copyright: BestCashCow
Avoid Chase’s New "You Invest" Program
JP Morgan Chase has always been a torchbearer in the banking arena. Under Jamie Dimon’s leadership, it has become a pioneer in mobile banking, provides some of the most valuable credit card offers for consumers and small businesses,... Read →
BestCashCow's Best Bets in Online Savings and Money Market Accounts for 2019
The Federal Reserve moved in September 2018 to a 2 – 2.25% Fed Funds rate, and savings and money market rates are now firmly above 2%. Interest rates are poised to go up again in December 2018. Unless Trump fires Jay Powell, the... Read →
Image Courtesy: KNKX