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No Penalty CDs May Offer An Easy Way to Boost to Your Savings Rates
Here at BestCashCow, we have been a fan of the No Penalty Certificate of Deposit since Ally began offering it years ago. It ordinarily offers depositors a slight improvement over a comparable savings rate at the same online bank. Since... Read →
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The Caravan – Tragic but Brilliant
While the Republicans make noises about deep-pocket Democrats seeding dissent and organizing protests in Central America, imagine for a moment what is really happening. And what is happening is very simply one of the most well planned and... Read →
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Amazon Is Getting on My Nerves
It’s been a year since Amazon began its “secretive” review of a location for its second major operating headquarters. And, it has now reached the absurd. At first it was fun trying to psych out the location and then... Read →
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Chase Unveils Sapphire Banking; It is Worth a Look for Those with $75,000
Here at BestCashCow, we’ve always been big proponents of earning the highest possible interest on your cash accounts (savings, CDs, checking). We are also big proponents of maximizing your credit card travel rewards by using the... Read →
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Finally Online Banks Are Highlighting Low Rates At Money Center Banks
One of the most amazing things over the last years has been the huge difference between interest that could be earned from savings and CDs in online banks as compared with that earned at the major brick-and-mortar banks (Chase, Bank of... Read →
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Being A Woman Does Not Alone An American Hero Make
It’s understandable that we look to women now to take us out of the current crisis in America . There is no question that men, holding the vast majority of positions in the two houses of Congress and in the Administration, are feeble... Read →
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Could Trump Fire Fed Chairman Jay Powell?
It is very standard practice that the Chairman of the Federal Reserve is appointed to a 4-year term by the President of the United States. It is also custom that in between appointments, the President refrains from commenting on Federal... Read →
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Should I Deposit Over FDIC Limits in XYZ Bank?
Having been running BestCashCow for many years now, this is the most common question that I receive. The question comes from people I know well and people I know casually and people who I don’t know at all. It comes fast and... Read →
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October 2018 Update – Five Online Savings Accounts to Consider as Rates Rise
Following the Federal Reserve’s hike in the Fed Funds rate in September, we have seen interest rates of all durations move up in the first week in October. Savings rates too have risen, causing the best rates in BestCashCow’s... Read →
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Morgan Stanley is Offering its Customers 2.10% on Savings or 2.40% on a 6-Month CD
Morgan Stanley is trying to get its large customer base to move some of their assets back to the bank from other institutions that may have offered better rates in the past. They are doing this by offering an promotional savings rate of... Read →
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Senate Confirmation of Kavanaugh is a Huge Victory for Democrats
Judge Brett Kavanaugh’s elevation to the Supreme Court is a tremendous defeat for democracy and probably a serious low point for our country. At least it is a low point in terms of things we have done to ourselves. Pearl Harbor... Read →
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Interest Rates Rise: What it Means for CDs
Over the last two days, we have seen the 10 and the 30-Year US Treasury rates move higher. The financial media is saying they “spiked” but the 10-year US Treasury is now at 3.20% (from 3.00%) and the 30-year US Treasury is now... Read →
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TIAA Global Growth Marketsafe CD is to be Avoided
Back before TIAA acquired Everbank, the latter made a name for itself issuing CD products that were aimed at unsuspecting, ill-informed customers looking for exposure to emerging markets and/or their currencies. I warned customers about... Read →
Federal Reserve Raises Fed Funds Target Rate to 2 - 2.25%
The Federal Reserve voted unanimously today to move the Federal Funds rate up by 25 basis points to 2 to 2.25%. BestCashCow had predicted this move for some time. By late last week, economists polled by various polling services had all... Read →