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How to Earn More On Your Cash In 2023
While the rate environment is dramatically different now, the most important piece of advice that I can give as we enter 2023 is the same as that which I would have given in 2022, 2021, or 2020. Get your cash out of non-competitive account.... Read →
Image Copyright: Coolcaesar (from Wikimedia Commons)
Silicon Valley Bank Situation is Troubling; Here is What It Means for You and Me
The sudden bank run on Silicon Valley Bank (SVB) that materialized over the course of yesterday is quite troubling. The reality is that banks make bets on interest rates, and when interest rates move suddenly in one direction, as they have... Read →
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CapitalOne Sued for Deception Over 360 Savings Rate versus 360 Performance Savings Rate
A lawsuit has been filed by customers of CapitalOne Bank alleging that the bank engaged in deceptive tactics with its 360 Savings customer base in 2022 and 2023. The plaintiffs assert that when CapitalOne began offering the 360 Performance... Read →
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Certificates of Deposit Are Now More Attractive than US Treasurys Across All Maturities for All Tax Brackets
Interest rate moves over the last 23 months have been so pronounced that most banks - including online banks - have struggled to offer their customers certificate of deposit rates that compete with what those same customers can get in US... Read →
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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 Maintains Rates at 5.25% to 5.50% Target, Refuses to Guide When It May Cut
The Fed ended its January 2024 FOMC meeting by declining to specify when it may begin lowering the Fed Funds target rate.
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Income Generating Investments - Comparison Chart
The chart below provides a quick comparison of several different asset classes that produce income for investors. It includes assets deemed to be almost totally safe, such as FDIC-insured savings and CD accounts and U.S. Treasury... Read →
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The Biden Administration Needs to Stop Appeasement of the Nuclear Lobby
I follow developments in renewable energy and work in the space. 2021 has been a remarkable year for the decline in the cost of offshore wind. We are seeing something similar in the solar/PV space. It is ending with Vestas's surprise... Read →
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Do US Treasury Bonds Serve a Purpose For Depositors?
With the recent and pronounced move in the Treasury curve, there has been a lot of discussion in the mainstream financial media suggesting that depositors look to US Treasury bonds. The simple reality is that short-term US Treasury bonds... Read →
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Federal Reserve Holds At 5.25% to 5.50% Target and Says Inflation has Eased
Today's Fed announcement and Chairman Jerome Powell’s press conference marked the Fed’s first acknowledgement that inflation is more contained. After having been on hold for four of the last five meetings, the Federal... Read →
What to Look for in A Certificate of Deposit
Before you even consider any CD (as with any savings account) be sure that you are dealing with an FDIC-insured bank - In order to secure the viability of the US banking system, the Federal Deposit Insurance Corporation (FDIC), an... Read →
Image Copyright: JP Morgan Chase
Dimon on Crypto: "If I was the Government, I'd Close it Down"
Chase CEO and Tufts alumnus Jamie Dimon has been skeptical of bitcoin and crypto for some time. While other major banks have made forays into what Charlie Munger termed "trading turds", Dimon has kept his bank out of it. The... Read →
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Forbright Bank’s Latest Deal Shows Just How Broad Climate Funding Can Be
I have been a keen observer, advisor and investor in the climate space for many years. I am a believer that the lowest hanging fruit in our decarbonization efforts revolve around investments related to energy generation through the... Read →
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You Have Not Missed Your Chance to Lock in Long-Term Cash At Higher Rates
US Treasury rates came down dramatically last week, with the 1-year falling from 5.32% to as low as 5.01%, with still more pronounced declines along the longer end of the curve (the 10-year, for example, crashed from 4.55% to... Read →
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