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Ken Tumin

Joined: Nov 29, 2009Comments: 399
Forum Threads: 4826Forum Posts: 5469
Ken Tumin

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About Ken Tumin

I started the BankDeals blog which eventually evolved into DepositAccounts.com as a hobby to help people find the best deals at banks and credit unions. My deals come from US banks and credit unions, both online and brick-and-mortar. Internet banks are creating more competition and better rates, but sometimes the best deals are local.

In addition to reports on deals, I also describe my experiences on opening accounts and dealing with the banks. Plus, I try to keep everyone updated on the important banking news relevant to savers.

I am NOT affiliated with any banks or institutions. I'm just another web surfer like you. My posts are based on what I find on institutions' websites, what they advertise and what the banks' customer service reps tell me. I also receive valuable help from readers who inform me of new rates and deals. Comments and emails are much appreciated.

Check with the institution for the latest and official information. Rates change very fast, and so the only official information is directly from the bank or credit union. I keep old posts with old rates for history's sake. A bank's rate history can be an important factor to consider. All posts are dated so you can see if the post may be out-of-date.  You may contact me at ken depositaccounts.com.

Recent Blog Posts


Survey of the Best CD Rates for July 28, 2014
Survey of the Best CD Rates for July 28, 2014

The Fed will be meeting on Tuesday and Wednesday of this week. Little change is expected when the Fed releases its statement on Wednesday. Hopefully, we’ll see some hints of a future rate hike. I’ll have more about the meeting and future interest rates tomorrow.

The trend that I mentioned last week continues: there have been more rate cuts than rate hikes in my survey of top CD rates. In particular, we saw rate cuts last week on long-term CDs from Doral Direct, Franklin Federal Savings Bank, Third Federal and First...

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Competitive Short- and Mid-Term CD Rates in Ohio at Belmont Savings Bank
Belmont Savings Bank (OH)

Belmont Savings Bank in Ohio has several competitive short-term and mid-term CD rates, and there are even better deals that are not listed on the bank’s website. The bank currently offers an extra 25 basis points for Jumbo CDs with minimum deposit of $98,000. With this extra 25 basis points, all of the bank’s CDs become very competitive, and the short-term and mid-term CDs become hot deals. IRA CDs have the same rates for terms of 18 months and over. The best CD deal is the 12-month term. It has...

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Security First Credit Union Remains Competitive With 9-Month CD Special
Security First Credit Union

In January 2013, I wrote about Security First Credit Union's (Texas) competitive CD and IRA rates. Security First Credit Union is continuing to offer attractive products with a 9-month CD Special (1.16% APY) and a 2-Year CD (1.36% APY up to $50K and 1.39% APY over $50K). The 2-Year CD is also available as an IRA, with the same earnings rate. Both CDs require a minimum $1k deposit to open and have no maximum cap.

Availability

Security First Credit Union offers membership to...

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One Small Illinois Bank Closed by the OCC
One Small Illinois Bank Closed by the OCC

A small Illinois bank was closed by the Office of the Comptroller of the Currency (OCC) on Friday. GreenChoice Bank was the 14th bank in the nation to fail this year, and the fourth one to fail in Illinois. At this time last year there had been 16 bank failures, and for all of 2013 there had been 24 bank failures.

Friday’s bank closure was typical in that the FDIC was able to find a buyer. The FDIC arranged for Providence Bank, LLC of South Holland, Illinois to assume all deposits...

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F & A Federal Credit Union Continues Offering Very Competitive CD Rates
F & A Credit Union

I first wrote about F&A Federal Credit Union (FAFCU) four years ago, listing their many competitive checking, CD and IRA rates, and somewhat restricted membership requirements. Two years later, I updated that posting, (2012) noting FAFCU's continued leading rates. I'm pleased to report that FAFCU still maintains some of the highest CD/IRA rates and has slightly expanded their membership.

All the CDs/IRAs listed below can be opened with a $1K deposit and, according to FAFCU's website, there are no maximum balance caps. An extra feature of the 6-11 Month...

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Recent Forum Posts


DISCUSSIONS
Featured: IBM's Watson That Beat Jeopardy Champions Is Being Used By USAA Bank
Ken Tumin - USAA Bank
1 Post(s)
55 Views
Last Post: Ken Tumin
7/24/2014 - 5:26 PM
Featured: Ally Bank Giving Customers Industry-Leading Anti-Malware Software For Free
Shorebreak - Ally Bank
2 Post(s)
158 Views
Last Post: Ken Tumin
7/23/2014 - 8:10 AM
Featured: Chase Bank And New Cash Deposit Rules
paoli2 - JPMorgan Bank and Trust Company, National Association
40 Post(s)
19004 Views
Last Post: klink
7/17/2014 - 6:35 PM
Featured: Getting The Returns Without The Risk
Ken Tumin
1 Post(s)
171 Views
Last Post: Ken Tumin
7/8/2014 - 7:30 AM
Featured: Why Interest Rates May Stay Very Low For A Lot Longer
Ken Tumin
2 Post(s)
185 Views
Last Post: paoli2
7/6/2014 - 4:03 PM
Featured: 8 best ways to earn more interest on your savings
pearlbrown
2 Post(s)
155 Views
Last Post: Ken Tumin
7/4/2014 - 8:33 AM
Featured: Bank Of America Expands Rewards Program But Don't Expect High Rates
Ken Tumin - Bank of America
1 Post(s)
216 Views
Last Post: Ken Tumin
6/23/2014 - 2:27 PM
Featured: Risks Of High Inflation?
Ken Tumin
2 Post(s)
118 Views
Last Post: paoli2
6/20/2014 - 8:00 AM
Featured: Credit Unions Use Games To Encourage Saving
Ken Tumin
3 Post(s)
187 Views
Last Post: paoli2
6/19/2014 - 8:02 AM
Featured: Why Monetary Policy Is So Tricky For The Fed
Ken Tumin
1 Post(s)
117 Views
Last Post: Ken Tumin
6/18/2014 - 10:49 AM
Featured: New York Claims Banks Overuse ChexSystem To Screen Customers
Ken Tumin
2 Post(s)
219 Views
Last Post: klink
6/16/2014 - 5:10 PM
Featured: 2.00% APY 49-Month CD At Third Federal
me1004 - Third Federal Savings and Loan (OH)
5 Post(s)
281 Views
Last Post: Ken Tumin
6/10/2014 - 4:20 PM
Bank Accounts Missing From Rates Tables
me1004
2 Post(s)
287 Views
Last Post: Ken Tumin
6/9/2014 - 4:45 AM
Featured: Pentagon Federal
Ally6770
3 Post(s)
267 Views
Last Post: Shorebreak
6/3/2014 - 7:33 AM
Featured: 8 Numbers Identity Thieves Want To Steal From You
Ken Tumin
1 Post(s)
190 Views
Last Post: Ken Tumin
6/1/2014 - 10:36 AM
Pleased Bring Back The Weekly CD Rate Review Roundup
me1004
3 Post(s)
335 Views
Last Post: Ken Tumin
6/1/2014 - 10:30 AM
Featured: Keybank $200 Checking Bonus In Some States - Good Thru 5/30/14
Ken Tumin - KeyBank
1 Post(s)
307 Views
Last Post: Ken Tumin
5/27/2014 - 10:33 AM
Sort Feature Is Missing
laurelvalley
3 Post(s)
285 Views
Last Post: Ken Tumin
5/20/2014 - 9:11 AM
Featured: Hot CD Special - Error In Ad But Some Branches May Honor It
Ken Tumin - First Republic Bank
2 Post(s)
572 Views
Last Post: Shorebreak
5/19/2014 - 4:36 PM
Featured: Using The New Rising-Rate CDs
Ken Tumin
3 Post(s)
460 Views
Last Post: Ally6770
5/15/2014 - 7:39 AM
SAC Federal Credit Union (2.01%,$15K) To (3.01%, $10K)
pearlbrown - SAC Federal Credit Union
3 Post(s)
409 Views
Last Post: Ken Tumin
5/9/2014 - 2:47 PM
Featured: CD Penalty Rates Are The Worst
Lexus2134 - Melrose Credit Union 1 stars
4 Post(s)
832 Views
Last Post: paoli2
5/8/2014 - 1:57 PM
Featured: Branchless Bank X Offers Cheaper, Simpler Checking Account
Shorebreak - Bank X
3 Post(s)
363 Views
Last Post: Ken Tumin
5/7/2014 - 3:20 PM
DA now has two different formats for comparing CD rates?
pearlbrown
6 Post(s)
295 Views
Last Post: paoli2
5/1/2014 - 1:10 PM
Featured: Virtual Bank Raises 5-Year CD Rate
Shorebreak - Virtual Bank
2 Post(s)
356 Views
Last Post: Ken Tumin
5/1/2014 - 7:03 AM
Featured: Never Mind The Recovery, Get Ready For The Next Recession
Ken Tumin
1 Post(s)
217 Views
Last Post: Ken Tumin
4/30/2014 - 2:07 PM
Featured: The Bank Of The Future - How Will Bank Branches Change?
Ken Tumin
2 Post(s)
139 Views
Last Post: dpandslemmen
4/30/2014 - 7:24 AM
Featured: The Bank & Credit Union Marketers’ Essential Guide To Personal Finance Websites
Shorebreak
3 Post(s)
322 Views
Last Post: Ken Tumin
4/29/2014 - 3:15 PM
Bump Up On Optimizer CD's @ GE Captal Retail Bank
Duck - Synchrony Bank
2 Post(s)
556 Views
Last Post: Ken Tumin
4/29/2014 - 7:47 AM
Featured: Best HSA Provider For Investing HSA Money
Ken Tumin - Eli Lilly Credit Union
2 Post(s)
690 Views
Last Post: jkinmd
4/21/2014 - 3:10 PM