Articles
All Articles
Image Copyright: BestCashCow
Five Realities About Earning Hotel and Airline Points in the Post Pandemic World
BestCashCow launched its section on travel rewards and cash back cards a few years ago. We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit card... Read →
Image Copyright: BestCashCow
Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023
The Federal Reserve today continued with its current rate stance and its current bond buying program, but is now indicating that it will back away from these easy-money policies in 2023 as inflation surges and growth accelerates. While... Read →
Image Copyright: BestCashCow
Major Banks are Just Awash in Cash
The Wall Street Journal has an interesting article today which highlights how banks have become so completely awash in deposits that they are discouraging major companies from continuing to increase their cash deposits. It notes that CFOs... Read →
Image Copyright: BestCashCow
Probably the Worst Moment in the History of Mankind to be Locking into Long Term CDs
I was recently contacted by a reader about 5-year CD rates. Given that the best rate available at any online bank, local bank or credit union remains not much better than 1%, I have long and strongly admonished that it would not be a... Read →
Image The Times of Israel
The West Is Becoming Complicit in Navalny’s Death
All indications are that Alexei Navalny is sitting in his prison cell in Siberia fighting for his life. While US National Security Advisor Jake Sullivan finally warned Putin that the US will take action against the Kremlin if its top... Read →
Image Central Park Reservoir at Night
An Entirely New Risk to Applying for Online Savings Accounts
BestCashCow.com has been monitoring the best savings rates nationwide for over 15 years, and for the first 14 plus, the situation for the consumer was very straightforward. You’d check to see what the best savings rate on... Read →
Image Courtesy: Washington Post
Federal Reserve Ends March Meeting Without Any Plans to Raise Interest Rates in 2021
The Federal Reserve concluded its 2-day March meeting today with no change in the Fed funds. The median forecast is for no change in interest rates through 2023 with 4 Fed officials seeing rate hikes in 2022 (up from 1 previously), and 7... Read →
Image Courtesy: Wikipedia
The Federal Gas Tax Was A Huge Climate Change Initiative Missed By the Obama Administration: Biden Can Fix It Now
The Democrats last controlled the Senate, the House of Representatives and the Presidency in the 111th Congress from January 2009 to January 2011. For most of that time, crude oil prices ranged from $100 to $120 a barrel. Oil prices... Read →
Image Courtesy: Tufts University
How Universities Can Use Online Access to Remain Competitive in A Post-COVID-19 World
I was reading today that Tufts University, my alma mater, has received over 35% more applicants for the Class of 2025 than it received last year for the Class of 2024. And, that got me thinking how universities that are space constrained,... Read →
Image Copyright: KJRH
Bask Bank Is A Very Compelling Option For Anyone Looking to Travel in the Post-COVID-19 World
We are still in the midst of an horrific pandemic but we have vaccines going in arms now and that is a good time to look at how and when you are going to travel when this pandemic ends and it becomes easier to do so. I last wrote in some... Read →
Image Courtesy: CNBC
Federal Reserve Holds Fed Funds at Zero to 0.25 Bps; Cash Looks Like a Loser
Federal Reserve Chairman Jerome Powell has ended 2020 with all sorts of dovish, benign language, holding monetary policy as easy as possible. He isn’t forecasting any rate hikes before 2023, with only one Fed governor suggesting... Read →
Image Courtesy: ABC News
The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS
Now that we are reaching the end of Jay Powell’s tenure as Chairman of the Federal Reserve, it is fair to say that the man has strayed from his pre-chairmanship policy positions when he had emphasized using Fed policy to promote price... Read →
Image Copyright: Emory University
Avoid Rates from NeoBanks and Fintechs that Look Too Good to Be True
Rates on savings products and CD products are incredibly low and have been for several months now. These are the times when people may be apt to fall for scams and take unnecessary risks. Don’t do it. I made this same warning in... Read →
Image Copyright: BestCashCow
5 Reasons Why You Should Never Ever Buy A Structured Note
Morgan Stanley, Goldman Sachs and second-tier full service brokerages make a real market in structured notes. So-called "structured notes" are intricate products that carry the possibility of earning a much higher interest rate... Read →
Image Copyright: BestCashCow