Articles
Selected category: Savings
Wire Transfers versus Automated Clearing House (ACH) Transfers
In the many years since BestCashCow was founded, we have received a fair number of emails from readers asking various technical questions about how their online savings accounts operate. Perhaps the most common question... Read →
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ATM Fees Go Through The Roof - How To Avoid Them
ATM fees hit a record high for the 11th year in a row, according to a recent Bankrate.com study. According to the study, the average total cost of an out-of-network ATM withdrawal is now $4.69, up 2.6 percent from $4.57 last year. In New... Read →
You Are About to Get Killed in Bonds
Many investors, commentators and financial managers have perpetuated and subscribed to the fiction that those who want to protect themselves from an overvalued stock market should be moving to bonds. In fact, a recent New York Times piece,... Read →
Portfolio Drift
While Donald Trump has certainly caused concern to some over his style and actions as President, few have been anything but jubilant over the impressive rise in the stock market since January. Actually, if one looks back to late 2008 when... Read →
Goldman Sachs Comes to Market with a 6% Structured Note
I have written about structured notes before on BestCashCow. I believe that they may represent a good way to generate income in a fairly low-risk way over time at rates well above the rates offered by savings and CDs. Or maybe not. ... Read →
Should I Open an Online Savings or Money Market Account?
Online banks offer some of the highest savings and money market rates in the banking world but many individuals are still nervous or skeptical about sending their money over the Internet. Yet today, opening an online savings... Read →
Savings and CD Rates Are Perking Up as We Head into Summer
Last Wednesday, the Federal Reserve raised the Fed Funds rate from a quarter basis point to a target rate of 1 to 1.25%. The move was widely expected, and gives hope to savers who have endured savings rates below zero for the almost a... Read →
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Stock Market Response to Trump Crisis
There is an excellent letter to the Editor in the New York Times by a citizen decrying the unending and ever more dangerous behavior of Donald Trump, and especially his reckless disregard for the country’s security and stability. In... Read →
WSJ Article Mistakenly Celebrates Bank of America's Low Interest Rate
There was an interesting article in the Wall Street Journal yesterday, entitled "Bank of America Pays Peanuts for Deposits but the Money Keeps Flowing In". The article highlights, actually celebrates, the fact that Bank of... Read →
Opening Your First Online Savings Account: 10 Factors to Consider
I continue to be surprised by the number of people – well educated people – that I come across in my daily routine who tell me that they have not yet opened their first online savings account. Nobody disputes the fact that a... Read →
The Totalitarian Reign of the Airlines
Like many other things in the United States these days, the familiar has become less predictable and the veneer of civility far less true. Airlines have become, clearly, a flashing red light about a crumbling civil society and a rising... Read →
As Market Hits Extraordinary Highs, Money Managers Appear Shell Shocked
I found myself watching Consuelo Mack’s Wealthtrack show this morning. Money managers are virtually all tremendously underperforming the Dow, the S&P and the Nasdaq. The wealth managers on Mack’s program and programs... Read →
Fear In America
Before the election, some people worried out loud about our new President’s ability to steer with a steady hand. There were few who had the courage to speak out then, and their impact small. Today, there are even fewer. And,... Read →
Who is Managing The Store?
A couple of days ago, as North Korea was parading it’s latest missiles, Donald Trump announced that he had sent “an armada” to the Sea of Japan as a clear signal that “we are strong” and “not to be played... Read →
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