It is August and that means that you should be at the beach. While you are there, we suggest you draw a line in the sand.
Last week, the Federal Reserve moved to lower the Fed Funds rate to a range of 2.00% to 2.25%. In... Read →
Fitness Bank is a new subsidiary of Georgia-based Affinity Bank and has unveiled a savings offer that will be interesting to some.
The bank aims to encourage a healthier lifestyle and therefore will reward savings customers based on... Read →
Jerome Powell has been testifying in front of Congress for the last two days. You have no doubt heard snippets of his testimony on the evening news or in the financial media. Of note, if Trump calls him to fire him, he will say... Read →
We have experienced a dramatic fall in interest rates in the US and following the Fed’s most recent meeting in June, CD rates greater than 1-year have come in dramatically. Most recently one-year CD rates and even some online... Read →
The Federal Reserve concluded its 2-day June meeting leaving the Fed Funds rate unchanged. As it tries to remain independent of an unrestrained Executive branch that is compaigning for sharp cuts, it removed the word... Read →
We pointed out in our May and April updates, that the Fed may be on hold for a while. We also suggested that May could be a good time to sell and go away. As we enter June, it looks more and more likely that the economy is heading for... Read →
The two most common questions that we get at BestCashCow are “which direction are interest rates going?” and “how do I position myself now if the Fed raises or lowers?”
The answer to the first question drives the... Read →
I am watching Bloomberg and CNBC this morning as Uber prepares to come public. The discussion among analysts is on whether Uber and Lyft should be trading at 4 times sales or 6 times sales. Lyft is a pure play US taxi service. Uber is... Read →
The Federal Reserve concluded its 2 days meeting yesterday and acted unanimously to hold the Fed Funds target rate to 2.25% to 2.50%. Guidance continues to be for no more rate changes in 2019, as the Fed previously indicated in its March... Read →
We have all heard the old stock market adage: “Sell in May and Go Away.” But, anyone who has followed the market for the last few decades knows that the adage only held true in 1999 and 2008. Even if you had sold in May... Read →
Six months ago, I wrote on BestCashCow about the benefits and disadvantages of No Penalty CDs. At the time, my analysis focused heavily on the opportunity to gain a small amount of yield over savings accounts with no risk and very little... Read →
The Fed’s March meeting ended with guidance that it is going to keep the Fed Funds rate on hold until at least early 2020 and the Trump Administration is actively campaigning for an immediate reduction in the rate in order to fight... Read →
I was recently contacted by a journalist from a very well respected and widely circulated financial publication. She wanted my opinion of something called CNote, having already spoken with others (inside and outside the financial field)... Read →
We are pulling through the winter, and savings and CD rates are continuing to firm, but are not moving dramatically higher as the Fed now seems intent to hold the Fed Funds rate at 2.25% to 2.50% until later in the year.
Here are 5... Read →
Savings and CD rates continued to firm into the end of 2018. However, as we predicted back in November, Fed Chairman Jay Powell has now fully equivocated as a result of presidential harassment and the Federal Reserve has now held the Fed... Read →