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Federal Reserve Maintains Fed Funds Rate at 0 to 0.25% and Outlines Further COVID-19 Action
The Federal Reserve has held the Fed Funds target rate constant at zero to 25 basis points today. Chair Jerome Powell indicated that the ongoing COVID-19 public health crisis has weighed heavily on the economic condition of the country. ... Read →
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Spanish Flu 1918 – Coronavirus 2020
America has long been in a leadership role in the world and a marvel of economic expansion. Our strengths have been defined by an unwillingness to be satisfied with what is now and the assurance that we control the future and our global... Read →
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The Implications of Telling States to Go Bankrupt Are Dangerous and Long-Term
It is going to take a generation for the US and the world to recover from the damage we have incurred, very much in part from our own actions. We are all now fully aware of the impact and implications of damaging statements made by our... Read →
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What Will Happen to Savings and CD Rates If the Federal Reserve Takes the Fed Funds Rate Negative?
There is a lot of concern that the Federal Reserve is running out of bullets in its response to the current Depression. It has already lowered the Fed Funds rates to zero, engaged in extraordinary quantitative easing, and opened up the... Read →
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1-Year CD Rates Over 2% Are Tempting But Preserving Liquidity In A Crisis Is Essential
BestCashCow today shows online banks offering one-year CD rates as high as 2.28%. Depending on where you live, you may also find local banks or credit unions near where you live that have 1-year CD rates at or around that level. It is... Read →
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Some of the Lesser Known Online Banks Have Been too Quick to Slash Rates, Burning Customers
The Federal Reserve made emergency cuts to the Fed Funds rate, taking the benchmark rate to a range of zero to 25 basis points as the COVID-19 crisis hit our shores last month. While the Fed move will cause savings rates to fall over... Read →
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I have Changed My Tune on Singapore KrisFlyer
Those who have followed my credit card rewards writing for some time know that I have been a fan of Singapore Airlines’ KrisFlyer program since way back when. Transferrable points can be transferred to Singapore Airlines from Amex,... Read →
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All of these Analysts Screaming on CBNC About Big Up Moves in the Market Are Masking 2 Unsettling Truths
Here at BestCashCow, we’ve been inundated by people thanking us for the work that we are providing in organizing and displaying bank rates over the last several weeks. We are grateful that we can continue to provide everyone with... Read →
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Federal Reserve Cuts Fed Funds Rate to Zero to 0.25%, Buy 1-Year CDs Now
The Federal Reserve has made its second emergency rate cut in a little over a week, cutting the Fed Funds rate by a full 1% to a range of zero to 0.25%, in order to address the unprecedented economic slowdown caused by Coronavirus. On... Read →
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Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut
We’ve read and heard a lot of financial markets information since the Federal Reserve’s emergency rate cut last Tuesday in response to the spread of Coronavirus. By the end of the week, 10-year US Treasuries were trading... Read →
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Steps You Can Take to Help the Major Airlines Survive Coronavirus in 2020
Anyone who lived through 9-11 and the financial collapse in 2008 and 2009 remembers how extraordinarily painful were those periods for the airline industry and their employees. And, even the industry’s staunchest critics (hard core... Read →
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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 and April... 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 France within the... 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 guarantee you that is... Read →
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