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.


Popular Posts

Bank Deals Blog

Texas Trust Credit Union's Power Checking Earns 3.00% APY
Deal Summary: Power Checking, 3.00% APY on balances between $5k and $100k, $5k minimum opening deposit.

Availability: Residents of six North Central Texas counties and one Concho Valley county.

Texas Trust Credit Union (Texas Trust) recently increased the rate on its Power Checking account from 1.00% APY to 3.00% APY on qualifying balances between $5k and $100k. Balances below $5k and about $100k do not earn any interest. The minimum opening deposit is $5k.

Other than maintaining a minimum $5k balance, the only other monthly requirement to...

Continue Reading
MutualOne Bank Hikes 7-Month CD Rate to 2.78% APY
Deal Summary: 7-month Online CD, 2.78% APY, $500 minimum.

Availability: Nationwide

Since the beginning of the year, I’ve written seven blog posts about the competitive rates offered by MutualOne Bank on its Online CDs. Following a 51 bps increase yesterday, the 7-month Online CD (2.78% APY) is the star of the eighth blog post. The minimum opening deposit is $500 and there is no stated balance cap. Since the beginning of the year, there have four rate increases for the 7-month Online CD, adding a...

Continue Reading
TruWest Credit Union Adds 19-Month CD Special, 3.25% APY
Deal Summary: 19-month Investment CD Special, 3.25% APY, $500 min/$50k max per primary membership.

Availability: Residents of Maricopa, Pinal, Pima, and Yavapai Counties, Arizona, and Travis and Williamson Counties, Texas.

TruWest Credit Union (TruWest) has added a 19-month Investment CD Special, which earns 3.25% APY. This limited-time offer requires a minimum $500 deposit. According to the fine print on the promo page, there is a “$50,000 maximum balance per primary membership.”

While the $50k balance cap does lessen the Investment CD Special’s competitiveness, this offering doesn’t...

Continue Reading
Level One Bank (MI) Flash Savings (3.10% APY) Ends Soon
Deal Summary: Flash Savings Account, 3.10% APY, $50k minimum opening deposit, new money, 6 month rate guarantee, offer expires 12/15/2018.

Availability: Market area includes greater metropolitan Detroit and Grand Rapids area.

Act fast!

Level One Bank’s aptly named Flash Savings Account (3.10% APY) is only available through December 15, 2018. While a minimum $50k of new money is required to open, all balances between $.01 and $250k earn 3.10% APY; that rate is guaranteed for six months. Balances greater than $250k will earn 0.25% APY. More details are available...

Continue Reading
EBSB Direct Brings Back 2.50% APY High-Yield Savings
Deal Summary: High-Yield Statement Savings, 2.50% APY on balances between $5k and $1m, $50 minimum opening deposit, new money, existing customers must deposit additional funds.

Availability: Nationwide (internet bank)

It’s back. After being available for about a month starting in October, EBSB Direct’s High-Yield Statement Savings (HYSS) account is again part of the nationally available product line. The HYSS still offers 2.50% APY on balances between $5k and $1m. Balances greater than $1m earn 0.25% APY, with balances below $5k earning no interest.

Continue Reading
Best Bank Account Interest Rates - Summary For December 11, 2018
Best Bank Account Interest Rates - Summary For December 11, 2018

This is my second 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 blog post. Please use the comments of this...

Continue Reading
Federal Reserve, the Economy and Future CD Rates - Dec 11, 2018
Federal Reserve, the Economy and Future CD Rates - Dec 11, 2018

This is my second weekly review of the Fed, the economy and what we can expect of future deposit rates. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My liquid account summary is now available at this link). 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. To avoid...

Continue Reading
Goldman Sachs Bank USA Ups Rates on No-Penalty and High-yield CDs
Deal Summary: Rate increases on High-yield CDs and on the 13-month No Penalty CD (2.25% APY).

Availability: Nationwide

This morning, Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) increased the rates of five of its High-yield CDs and of its new 13-month No-Penalty CD. There was no rate change on the Online Savings Account. Out of the six CD rates that increased, the new 13-month No-Penalty CD rate (2.25% APY) is the most competitive. All six of the new APYs are shown below in...

Continue Reading
Belmont Savings Bank Adds 7-Month Holiday CD, 2.75% APY
Deal Summary: 7-month Holiday CD Special, 2.75% APY, $500 min/$1m max deposit, new money.

Availability: Online application for residents of Massachusetts and select areas of New Hampshire and Rhode Island.

Belmont Savings Bank (Belmont Savings) is offering a limited-time 7-month Holiday CD Special earning 2.75% APY. The minimum opening deposit is $500 of “new-to-bank” money or with funds “from a maturing Belmont Savings CD at its maturity date.” The maximum allowed deposit is $1 million and there is a limit of one CD Special per taxpayer identification...

Continue Reading
Hanscom Federal Credit Union Adds 19-Month CD, 3.00% APY
Deal Summary: 19-month CD Special, 3.00% APY, $1k minimum deposit

Availability: Easy membership requirement; Active and retired military; Federal employees in Massachusetts; 250+ SEGs.

Last week, Hanscom Federal Credit Union (Hanscom FCU) added a 19-month CD Special earning a competitive 3.00% APY. The minimum opening deposit is $1k, with no stated balance cap.

In the past, Hanscom FCU has required a checking relationship with its promotional CDs, but the 19-month does not require a checking account to earn the stated APY.

As stated in the Disclosure for Personal...

Continue Reading
1st MidAmerica Credit Union Ups 35-Month CD Rate To 3.39% APY
Deal Summary: 35-month CD, 3.39% APY, $1k minimum deposit

Availability: Residents of 21 southern Illinois counties and one Missouri county.

1st MidAmerica Credit Union (1st MidAmerica) recently raised the rate on its 35-month CD to 3.39% APY. Added to the product line in late November, the 35-month CD originally earned 3.03% APY. A minimum $1k opening deposit is required, with no stated balance cap.

The 35-month CD is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

Continue Reading
Argentine Federal Savings 14-Month CD Jumps To 3.25% APY
UPDATE 12/13/2018: Rate has dropped to 2.75% APY

Deal Summary: 14-month CD Special, 3.25% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City area.

Since the beginning of the year, Argentine Federal Savings (AFS) has been offering limited-time competitive rates on its 14-month CD Special. As DA reader, TheseGoTo11, noted in a Forum post this weekend, AFS has upped the rate to 3.25% APY. The minimum deposit is $1k of new money, with no stated balance cap.

Continue Reading
View Archive

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.