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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 is on a site... 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 →
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 price... 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 made this same warning in... 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 interest rate... 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 unappetizing. As of this writing, all major online banks have dropped their online... 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 it is prepared to keep... Read →
Maximizing Interest On Savings Remains Important In a Low Rate Environment Image Copyright: BestCashCow

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 continued... 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-term CD rates. While we are the most... 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 negative interest rates in the US. It is projecting a... 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 people... Read →