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Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch Image Copyright: BestCashCow

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 →
What I Still Remember 20 Years After September 11, 2001 Image Copyright: BestCashCow

What I Still Remember 20 Years After September 11, 2001

I was not in New York on 9-11. I was living in London at the time and I was in my office. I remember a woman coming down the hall and saying: “Aren’t you from New York?” and then telling me that the World Trade Center... Read →
Interactive Brokers is Pathetic, but Americans Have No Choice Image Copyright: BestCashCow

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 →

Why It Might Not be Such A Bad Idea to Earn 0.40% On Your Money Right Now

As I write, in July 2021, we are living in a strange time. We are facing extraordinary risks to our democracy in the US, risks to our health as COVID-19 variants appear, and risks to our environment as it becomes increasingly clear that the... Read →
Five Realities About Earning Hotel and Airline Points in the Post Pandemic World Image Copyright: BestCashCow

Five Realities About Earning Hotel and Airline Points in the Post Pandemic World

BestCashCow launched its section on travel rewards and cash back cards a few years ago. We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit card... Read →
Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023 Image Copyright: BestCashCow

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 →
Major Banks are Just Awash in Cash Image Copyright: BestCashCow

Major Banks are Just Awash in Cash

The Wall Street Journal has an interesting article today which highlights how banks have become so completely awash in deposits that they are discouraging major companies from continuing to increase their cash deposits. It notes that CFOs... Read →
Probably the Worst Moment in the History of Mankind to be Locking into Long Term CDs Image Copyright: BestCashCow

Probably the Worst Moment in the History of Mankind to be Locking into Long Term CDs

I was recently contacted by a reader about 5-year CD rates. Given that the best rate available at any online bank, local bank or credit union remains not much better than 1%, I have long and strongly admonished that it would not be a... Read →
The West Is Becoming Complicit in Navalny’s Death Image The Times of Israel

The West Is Becoming Complicit in Navalny’s Death

All indications are that Alexei Navalny is sitting in his prison cell in Siberia fighting for his life. While US National Security Advisor Jake Sullivan finally warned Putin that the US will take action against the Kremlin if its top... Read →
An Entirely New Risk to Applying for Online Savings Accounts Image Central Park Reservoir at Night

An Entirely New Risk to Applying for Online Savings Accounts

BestCashCow.com has been monitoring the best savings rates nationwide for over 15 years, and for the first 14 plus, the situation for the consumer was very straightforward. You’d check to see what the best savings rate on... Read →
Federal Reserve Ends March Meeting Without Any Plans to  Raise Interest Rates in 2021 Image Courtesy: Washington Post

Federal Reserve Ends March Meeting Without Any Plans to Raise Interest Rates in 2021

The Federal Reserve concluded its 2-day March meeting today with no change in the Fed funds. The median forecast is for no change in interest rates through 2023 with 4 Fed officials seeing rate hikes in 2022 (up from 1 previously), and 7... Read →
The Federal Gas Tax Was A Huge Climate Change Initiative Missed By the Obama Administration: Biden Can Fix It Now Image Courtesy: Wikipedia

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 →
How Universities Can Use Online Access to Remain Competitive in A Post-COVID-19 World Image Courtesy: Tufts University

How Universities Can Use Online Access to Remain Competitive in A Post-COVID-19 World

I was reading today that Tufts University, my alma mater, has received over 35% more applicants for the Class of 2025 than it received last year for the Class of 2024. And, that got me thinking how universities that are space constrained,... Read →
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 wrote in some... 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 suggesting... Read →