Articles
Selected category: Savings
Wire Transfers versus Automated Clearing House (ACH) Transfers
In the many years since BestCashCow was founded, we have received a fair number of emails from readers asking various technical questions about how their online savings accounts operate. Perhaps the most common question relates to the... Read →
Should I Open an Online Savings or Money Market Account?
Online banks offer some of the highest savings and money market rates in the banking world but many individuals are still nervous or skeptical about sending their money over the Internet. Yet today, opening an online savings account or... Read →
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20 Simple Money Moves to Get on the Right Path to Saving for the Future
Anyone planning for their future – including you – is well served to try to set aside some of the resources that you earn today for tomorrow. At BestCashCow, we do not believe that there is anything to be gained by living an... Read →
Image Copyright: Moscow Times
Four Steps to Prepare for A Russian Cyberattack on the US Financial System
I practiced law in Moscow in the 1990s. While there, I learned that Russian law is an oxymoron. I also learned a lot about Russia and its strengths. I am certain that in spite every precaution that US financial institutions have taken,... Read →
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10 Money Saving Tips for Seniors
Life as a senior brings all sorts of new challenges – good and bad. It can be a wonderful time, if you stay positive and healthy, enjoying new and old friends and doing the things you’ve always wanted to do. The key challenges... Read →
What is the Difference Between A Savings Account And A Money Market Account?
Savings accounts and money market accounts are extremely similar account types. In fact, they are so similar that BestCashCow lists them together. Both are basic ways to stash cash while keeping it accessible (they are liquid accounts). But... Read →
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Federal Reserve Raises Fed Funds Rate By 25 Basis Points to a 3.75% / 4.00% Target
In Kevin Warsh's second meeting as Chairman of the Federal Reserve, he presided over the first rate hike in three years. It is a quarter point hike. This action is intended to promote a timelier return to the Fed's 2% inflation... Read →
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Federal Reserve Ends Powell Era Holding the Fed Funds Rate at 3,505/3.75%
The Federal Reserve held rates at 3.50% to 3.75%. Economic data related to employment and inflation has been very little changed over the last couple of months so it came to nobody's surprise that the Fed has held its target... Read →
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Federal Reserve Concludes March 2026 Meeting Holding Rates Steady
The US Federal Reserve has held the US Fed funds rate at a 3.50% to 3.75% target. Stephen Miran dissented. Otherwise the vote was unanimous. The Fed's statement sees uncertainty on both of its dual mandates - to... Read →
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Fed's January 2026 Meeting Ends Leaving US Fed Funds Target at 3.50%/3.75%
The Fed has begun 2026 by leaving the Fed Funds rate unchanged at a 3.50% to 3.75% target. The decision was not unanimous. Governors Stephen Miran and Christopher Waller both dissented from the majority's opinion,... Read →
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Fed Lowers Fed Funds Rate By 0.25% to A 3.75%/4.00% Target At October 2026 Meeting
The Federal Reserve has lowered interest rates by 25 basis points at its October meeting. Its new rate target is 3.75% to 4.00%. The cut follows a 25 basis point cut in September. The decision has two dissents,... Read →
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Federal Reserve Cuts Fed Funds Rate by 25 Basis Points to A 4.00% - 4.25% Target
As expected, the Federal Reserve cut interest rates by 25 basis points to a 4.00% to 4.25% target. This move marks the Fed's first cut since December 18, 2024. Recent measurements show that inflation has moved up recently... Read →
Fed Ends July 2025 Meetings Holding Rates at a 4.25/4.50 Fed Funds Target
The Federal Reserve has ended its July 2025 meeting leaving the Fed funds rate at a 4.25% to 4.50%.
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Federal Reserve Holds Target at 4.25% to 4.50% at Its March 2025 Meeting
The Federal Reserve's meeting concluded today with the Fed continue to maintain its target rate at 4.25 to 4.50%. In the Fed's statement, it cites significant progress in getting inflation to its 2% target, but still remains... Read →
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