About Ken Tumin

Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.


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Bank Deals Blog

earn.bank Money Market Account Leads With 2.41% APY
Deal Summary: Money Market Account, 2.41% APY on all balances, $100 minimum opening deposit

Availability: Nationwide (internet bank)

Less than three months ago, earn.bank made its debut in the internet banking world, offering a Money Market Account (MMA) and two CDs. The MMA offered an initial (and respectable) 2.02% APY on all balances. Within one month, the rate jumped to 2.31% APY, securing a place as the top-rated nationally available money market account. As of today, the MMA now earns 2.41% APY on all balances and is...

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Premier America Credit Union Ups 16-Month CD Special, 3.15% APY
Deal Summary: 16-month Certificate Special, 3.15% APY, $1k minimum deposit

Availability: Easy Membership Requirement

Do you remember Premier America Credit Union’s (Premier America CU) 16-month Fall Certificate Special? In September, the 16-month CD Special earned 3.00% APY. Four months later, the CD Special is still available, but has a new name (New Year Certificate Special) and a new, improved rate of 3.15% APY. This limited-time offering can be opened with a minimum $1k, with no stated balance cap.

As stated in the Special Certificate...

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Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
Deal Summary: Share Certificates – 60-month (3.63% APY), 36-month (3.35% APY), $5k minimum deposit

Availability: Easy membership requirement

Two months ago, Connexus Credit Union (Connexus) caught the attention of DA readers by raising the rate on its 60-month Share Certificate (SC) to 4.00% APY. That rate lasted about three weeks before dropping to 3.50% APY, where it remained until today. The new 3.63% APY makes the 60-month SC a rate leader in the nationally available 5-year CD category.

Connexus also added 15 bps to its 36-month...

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Average Local Savings and CD Rates Reveal Why You Should Bank Online
Average Local Savings and CD Rates Reveal Why You Should Bank Online
Written by Lauren Perez

When looking around for the best deposit rates, you’ve probably noticed that online banks tend to dominate lists with their competitive interest rates. This is especially true when comparing online bank rates with traditional brick-and-mortar banks.

To get a better sense of this competition, DepositAccounts took a deep dive into local bank rates and found that in many states, the rate is no better than the average rate you could find with an online savings account or 1-year CD. The analysis, which was conducted Jan. 1,...

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Ally Ups Savings Account Rate & Emails Customers of Payback Earnings
Deal Summary: Rate increase: Online Savings (2.20% APY on all balances as of 1/17/2019)

Availability: Nationwide (internet bank)

This morning, Ally Bank increased the rate of its Online Savings Account (OSA) by 20 basis points to 2.20% APY. Ally’s IRA Online Savings Account also had this same rate hike. The 2.20% APY is effective as of 1/17/2019. These were the only rate hikes at Ally Bank today.

Payback Time Promotion Earnings Emails

Yesterday, Ally Bank notified customers who participated in the Payback Time promotion of the bonus they earned. Here’s...

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Freedom Credit Union Offers 24-Month CD, 3.05% APY
Deal Summary: 24-month CD, 3.05% APY, $500 minimum deposit, additional deposits allowed.

Availability: Easy Membership Requirement for residents of DE, MD, NJ, PA, VA, WV, and DC; residents of five SE Pennsylvania counties; more than 250 SEGs.

Pennsylvania-based Freedom Credit Union (Freedom CU) is currently offering a competitive 3.05% APY on its 24-month CD. The minimum opening deposit is $500, with no stated balance cap. There is also a 24-month Youth CD (members 25 years and younger) earning the same 3.05% APY, but only requiring a...

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Elmira Savings Bank (NY) Debuts 29-Month CD Special, 3.15% APY
Deal Summary: CD Specials – 29-month (3.15% APY) 19-month (3.00% APY), $500 minimum deposit, new money.

Availability: Market area includes two Central and five Southern Tier New York counties.

Elmira Savings Bank (ESB) is currently offering three CD Specials – 29-month (3.15% APY), 19-month (3.00% APY), and 9-month (2.15% APY). The more competitive rates belong to the 29- and 19-month CD Specials. The minimum opening deposit is $500 of new money, with no stated balance cap.

The CD Specials are also offered as IRAs (Traditional), earning...

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The Best CD Rates in January 2019
The Best CD Rates in January 2019
Written by Lauren Perez and Ken Tumin

With their more structured approach to savings, certificates of deposit (CDs) are great for saving towards more long-term goals....

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HRCU (NH) 30-Month CD Special Now Earns 3.51% APY
Deal Summary: 30-month CD Special, 3.51% APY, $500 minimum deposit

Availability: Residents of New Hampshire

HRCU (formerly known as Holy Rosary Credit Union) has raised the rate on its 30-month CD Special to 3.51% APY. The minimum deposit is $500, with no stated balance cap.

The CD Special is available as an IRA (Traditional, Roth, CESA, and SEP), earning the same APY with the same funding requirements.

The 30-month CD Special was added to the product line in March 2017, with an initial 1.65% APY. In the beginning...

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CD Rates Summary January 15, 2019
CD Rates Summary January 15, 2019

This is another reminder that this is my new version of the weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review...

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Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019
Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out...

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The Best Savings Accounts in January 2019
The Best Savings Accounts in January 2019
Written by Lauren Perez and Ken Tumin

Nowadays, saving money in an account at many big banks is just about as useful as stashing it under your mattress if you’re looking to earn returns. Not only have rates on deposit accounts at traditional banks barely budged in the last few years — despite a wave of rate hikes from the Fed — but they often penalize customers with fees for everything from carrying a balance under a certain amount or daring to use an out-of-network ATM.

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.