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Bask Bank Is A Very Compelling Option For Anyone Looking to Travel in the Post-COVID-19 World 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 wro... Read →

Federal Reserve Holds Fed Funds at Zero to 0.25 Bps; Cash Looks Like a Loser 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 sug... Read →

The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS 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 pr... Read →

Avoid Rates from NeoBanks and Fintechs that Look Too Good to Be True 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 ... Read →

5 Reasons Why You Should Never Ever Buy A Structured Note 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 i... Read →

It is Probably Not the Time to Rush Into CDs Image Copyright: BestCashCow

It is Probably Not the Time to Rush Into CDs

As interest rates have come down dramatically, following the Fed’s emergency response to the virus, savings and money market rates have become very unappetizin... Read →

Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus Image Copyright: BestCashCow

Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus

The Federal Reserve unanimously voted to leave interest rates unchanged when it concluded its two-day meeting today.   The Fed funds rate remains at a target of zero to 0.25 percent.   The Fed again signaled that... Read →

Maximizing Interest On Savings Remains Important In a Low Rate Environment Image Courtesy: Pexels

Maximizing Interest On Savings Remains Important In a Low Rate Environment

We’ve seen an incredible fall in interest rates over the last 12 months.

Bowing to political pressure, Fed Chair Jerome Powell began cutting interest rates on August 1, 2019 from a target rate of 2.25% to 2.50% and contin... Read →

5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse Image Copyright: BestCashCow

5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse

We are receiving multiple emails every day from readers of BestCashCow and RatesAndInfo.com, our subsidiary, who are furious about the pace of falling savings rates, money market rates and short... Read →

Federal Reserve Has No Plans to Raise Interest Rates Any Time Soon Image Copyright: BestCashCow

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 Read →

Savings Accounts May or May Not Be the Best Place to Be Right Now Image Copyright: BestCashCow

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... Read →

Morgan Stanley Shows Its True Colors During COVID-19 Pandemic Image Courtesy: Bloomberg

Morgan Stanley Shows Its True Colors During COVID-19 Pandemic

I had been a customer of Smith Barney for as long as I can remember, even after it merged into Morgan Stanley in 2011.

Smith Barney was always an outstanding institution to do business with.   They understood that the... Read →

COVID-19 / Coronavirus Additional Cardholder Benefits for Travel Rewards Credit Cards Image Copyright: BestCashCow

COVID-19 / Coronavirus Additional Cardholder Benefits for Travel Rewards Credit Cards

Chase, Amex and Citibank have announced the supplemental benefits for holders of their travel rewards cards.   They are as follows:

Chase

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An Obvious and Certain Way to End the COVID-19 Crisis Quickly Image Copyright: BestCashCow

An Obvious and Certain Way to End the COVID-19 Crisis Quickly

There is a certain way to solve the current health crisis, and it is right in front of us.

Here in New York, 60% of the population is roaming around with self-made masks or cheap masks that they bought on Amazon covering their ... Read →