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5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse
We are receiving multiple emails every day from BestCashCow's readers who are furious about the pace of falling savings rates, money market rates and short-term CD rates. While we are the most comprehensive and up-to-date source of... Read →
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Federal Reserve Has No Plans to Raise Interest Rates Any Time Soon
The Federal Reserve has left the Fed Funds rate at zero to 0.25%, and projected no plans to raise interest rates through 2022. The good news is that it is still not considering negative interest rates in the US. It is projecting a... Read →
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Savings Accounts May or May Not Be the Best Place to Be Right Now
Following the stock market’s incredible collapse in March and subsequent recovery, my inbox has been inundated with emails from readers writing to tell me that they are now 90% to even 100% in cash. These emails come from people... Read →
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Federal Reserve Maintains Fed Funds Rate at 0 to 0.25% and Outlines Further COVID-19 Action
The Federal Reserve has held the Fed Funds target rate constant at zero to 25 basis points today. Chair Jerome Powell indicated that the ongoing COVID-19 public health crisis has weighed heavily on the economic condition of the country. ... Read →
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What Will Happen to Savings and CD Rates If the Federal Reserve Takes the Fed Funds Rate Negative?
There is a lot of concern that the Federal Reserve is running out of bullets in its response to the current Depression. It has already lowered the Fed Funds rates to zero, engaged in extraordinary quantitative easing, and opened up the... Read →
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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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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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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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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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