Good morning Reader!

When President Trump nominated Kevin Warsh to be Chair of the Fed, everyone thought it was because Warsh would be willing to cut rates.

But the economy is doing too well. And he doesn't have the authority to unilaterally do it.​

There's a greater than zero chance that interest rates head higher soon. If you've been looking at mortgage rates in the mid 6% and remembering the days when it was below 3%, interest rates don't seem low right now.

But low is relative. When the economy is red hot, as it appears to be right now, the Fed is expected to raise rates to slow it down. And this is first reflected in Treasury auctions.​

💵 If you're a saver, keeping things short-term (less than a year) is sensible. I'd be comfortable with a 6 or 12 month CD, but avoid anything longer term because rates will likely go up.

💳 If you're a borrower, run the numbers to see if refinancing makes sense given where rates are right now and the fees you'll pay. Our partner Credible can help you compare personal loan rates from 20 lenders for free.

💲 Best Bank Rates (as of 6/9):

💰 High Yield Savings - 3.80% APY + $400 from SoFi​

🏛️ Short Term Treasury - VBIL 3.56%, SGOV 3.55%

📀 Certificates of Deposit (see all 40k+ rates)

🔍 We list nationwide rates, CD Valet has local rates which can be higher so click through to double check for your state.

• Best: 9% from American Airlines FCU (9mo Anniversary Special - click All CDs)
• 6 months: 4.20% from Quorum FCU (7 mo)
• 12 months: 4.15% from LendingClub Bank (11mo)
• 60 Months: 4.05% from Bank of Iowa ($50k min)

💵 Bank Bonuses - $450 US Bank, $400 Sofi, $500 Bank of America, $400 BMO, $1200 Raisin & more​

​(View this email as a webpage)​

👻 Invisible dangers of too much cash

Cash feels safe (and it technically is) but in that safety lurk certain dangers you need to be aware of.

We list them and what to do about it:

​👉 Invisible dangers of too much cash​

⛽ Luke Nichols Commencement Speech

I discovered Luke Nichols' Outdoor Boys Youtube channel during the pandemic. I enjoyed his long videos in the woods building or digging a shelter, or working on his cabin, or traveling to fun places. Many others did too - over 20 million people follow him on YouTube.

I was a little bummed out when he decided to essentially end the show because it was too popular but I get it.

He gave a commencement speech at George Mason University Anton Scalia Law School and offered some great, and pragmatic advice... starting with "save some money."

​👉 Watch his speech​

🗞️ Money Stuff I Found Interesting

Here are some interesting articles you may have missed (a lot of Wall Street Journal this week!):

• ⭐ Your Feed is the Product of a Stealth Marketing Campaign [Vulture]
• 📺 The gold prospector of Colorado [Rocky Mountain PBS]
• ​Do You Know as Much About Personal Finance as These High-Schoolers? Take the Quiz [The Wall Street Journal]
• ​Being Useful is More Attractive Than Being Rich [Of Dollars and Data]

💵 Good Deals If You Need Them

• 📖 ReciproCard (free) helps you find other library systems you can join, great for apps like Libby.
• 📕 Did the IRS penalize you from 2020 - 2023? If so, you can get it refunded. You can do it yourself (IRS instructions) or work with PenaltyBack (no up-front fee, they only charge a 25% success fee).
• If you are comfortable sharing data with Nielsen (the TV ratings company), you can earn rewards via Nielsen Pulse. Get 75 points for signing up.
• ​TradeUP will give you up to 50 shares of NVDA ($208/share) based on your deposit amount.
• ​Check if you're overpaying for car insurance (free checker)
• 😎 25% Seeking Alpha's Summer Sale - our review​

What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

Talk to you soon!

Jim

PS. 📀 Wondering if you have a good CD rate? CD Valet has this APY checker that compares it against their universe of 40,000+ CD rates.

​(see archive of previous emails)​