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Examining the Banks’ Climate Policies Critically
It is pretty clear at this stage that those of us alive today and our children, grandchildren and their descendants are facing a climate crisis unlike anything the inhabitants of Earth have ever faced. It is also very clear that this... Read →
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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 →
Managing your Finances after Divorce
A guide to protecting your financial health during and after your divorce.
Read →Custodial savings accounts are bank accounts set up by a parent for a child that can contain either savings accounts, CDs, or a combination of both. Using them as a savings vehicle present several advantages and disadvantages.
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Does Opening a Savings, CD, or Checking Account Impact on Your Credit Score?
We have all heard stories about how applying for many savings or cd accounts can have an adverse impact on your credit score. According to conventional wisdom, some banks do a hard pull on your credit and these pulls can cause your score to... Read →
It is quite evident that every bit of extra cash of interest makes a huge difference. Selecting the best savings account can sometimes prove to be a daunting task in a market where the interest rates are finally beginning to... Read →
We all know the expression that cash is king. But with rates on savings, checking accounts, and CDs below 1%, the question is, how much of a king? How much money should an individual hold in cash?
I spoke with Marc Freedman, President... 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... Read →
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Here is How Banks Can Act Now On Climate Change
At COP26 in Glasgow, unlike before, the financial world showed up and a group of 450 financial institutions pledged to invest $130 trillion in the transition to a low carbon world. But, there is so much to be done and it is now incumbent... Read →
Major Airline Loyalty Program Valuation Comparison Chart
Program
Point Value (cents)*
Valuable Redemption Options**
Cards to Accrue Points
Air Canada Aeroplan
1.1-1.4
210,000 Miles Round... Read →
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Interactive Brokers is Pathetic, but Americans Have No Choice
Interactive Brokers provides an awful level of service. Their service is constantly failing – it goes down all the time these days locking traders out of access to their positions and costing them serious losses. And, users of the... Read →
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Federal Reserve Announces Slow Tapering, Fails to Provide Guidance on Raising Rates, Causes Loss of Purchasing Power for Savers
The Federal Reserve has tapered its bond buying, beginning to contract its $120 billion monthly bond buying purchases that propped up the economy after COVID-19 struck in March 2020. The bond buying will be decreasing by about $15 billion... Read →
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Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch
Bask Bank, a division of Texas Capital Bank, has launched a new online savings account. The account, called an Interest Savings Account, is paying 0.60% APY. The rate is clearly among the best online savings rate available at the moment... Read →
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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 →
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