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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... Read →
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How to Fly Business Class for Free without Flipping Credit Cards
If you are like me, you love to travel to exotic places with your family. I cannot count the number of times that I have taken my daughter to Hawaii on vacation. I’ve also taken her on road trips in Andalusia and ... 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 gu... 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 Bes... 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. ... 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.... Read →
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Barring New Yorkers from Global Entry Violates the US Constitution
It has been 25 years since I graduated from law school and almost as long since I have practiced law. I am no longer so certain why I went to law school, but I am damn certain that I remember Constitutional law. T... Read →
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Chasing Savings Rates in a Falling Rate Environment is A Losing Strategy
I often speak to bank executives who are pursuing capital with the goal of bringing in large deposit volumes and who are setting their rate strategies. These folks will tell me that they are trying to avoid “fast cash&r... Read →
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February 2020 Update – Five Ways to Improve Your Online Savings Rate in 2020
January 2020 ended with more than enough headlines to scare anyone into cash. Between Coronavirus spreading in China and the possibility that it may be a generation before the U.S. has a president not named Trump, there is a ... Read →
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Should You Really Be Buying 1-Year CDs Right Now?
I was at the gym yesterday and a friend who manages money for wealthy New Yorkers asked me if his clients (a married couple) should be putting $500,000 into a 1-year CD here ... Read →
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United Airlines Still Has An Excellent Loyalty Program for International Travel
United was once the best airline in the sky. Whether it is your favorite airline today or not, it still has an outstanding loyalty program, and if your focus is international travel, it may be the program where you ... Read →
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Putin, North Korea, David Faber, Jim Stewart and Your Savings and Brokerage Accounts
There are very few things or people that get my attention on CNBC. I usually find myself switching over to Bloomberg when Joe Kernen or Jim Cramer start rambling. I guess neither were around on Christmas Eve... Read →
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Financial Advice from a 50-Year Old Who Last Saw a Market Like This in 1999
As I turn 50, I feel it is appropriate to look back and give some advice to a 30-year old me who was encountering a crazy bullish stock market like the current one in 1999.
Twenty years ago, I had just turned 30. I was a ... Read →
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Fed Leaves Fed Funds Target Rate Unchanged at 1.50% to 1.75%, Plans to Take 2020 Off
The Federal Reserve voted unanimously today to leave the Fed Funds rate unchanged at 1.50% to 1.75%. This move was widely expected after Chairman Jerome Powell and other Fed governors signaled that they were comfortable with ... Read →
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December 2019 Savings and CD Account Update – Cash Is Safe
I began BestCashCow’s November newsletter by saying that it was hard to get excited about cash. &nbs... Read →