About Ken Tumin

Ken Tumin founded the Bank Deals Blog in 2005, which evolved into DepositAccounts. He has been frequently referenced by The New York Times, The Wall Street Journal, and other publications as a banking expert.


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Bank Deals Blog

Do You Need a Rainy Day Fund If You Already Have an Emergency Fund?
Do You Need a Rainy Day Fund If You Already Have an Emergency Fund?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 05/15/2025

When life throws you a curveball, it’s nice to have some emergency savings to fall back on. A rainy day fund can provide welcome relief when an unexpected expense crops up.

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How Banks Make Money
How Banks Make Money
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 05/09/2025

Banks and other financial institutions play a big role in our lives, as they are often responsible for both holding our hard-earned savings and lending us money when we need it....

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Sweep Account: What It Is and How It Works
Written by Tara Mastroeni | Edited by Ali Cybulski | Published on 05/08/2025

If you want to automate the process of transferring money from one account into another to help you maximize interest earnings, consider opening a sweep account. This type of account automatically...

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Series I Bonds: How They Work and Current Rates
Series I Bonds: How They Work and Current Rates
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 05/02/2025

Series I bonds are government-issued savings bonds that earn interest through a combination of a fixed rate and a variable, inflation-adjusted rate that changes every six months. Series I bond rates are currently 3.98% through Oct. 31, 2025. The...

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What Is a Money Order and How Do You Get One?
What Is a Money Order and How Do You Get One?
Written by Theresa Stevens | Edited by Ali Cybulski | Published on 05/01/2025

A money order is a prepaid check that allows you to safely send and receive guaranteed funds. Learn more about this convenient form of payment, including how it works...

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What Is a Market-Linked CD?
What Is a Market-Linked CD?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 05/01/2025

A market-linked certificate of deposit (CD) is a financial product with returns tied to the performance of a specific market index, such as the S&P 500. Unlike a traditional CD, which pays a fixed interest rate, a market-linked CD...

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What Is a Patriot Bond and How Does It Work?
What Is a Patriot Bond and How Does It Work?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 04/25/2025

A Patriot Bond was a special-edition Series EE savings bond the U.S. government issued between 2001 and 2011. Patriot Bonds were issued at a 50% discount off their face value and were set to mature over...

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How to Open a Checking Account Online
How to Open a Checking Account Online
Written by Katie Ziraldo | Edited by Ali Cybulski | Published on 04/25/2025

Opening a checking account online often eliminates the need for a trip to a physical bank branch. If you want to open an account online, you should become familiar with the process to keep it quick...

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What to Look for in Prepaid Debit Cards
What to Look for in Prepaid Debit Cards
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 04/25/2025

When shopping for prepaid debit cards, look for products that go light on fees and run on a major card network, such as Visa or Mastercard. You can find prepaid debit cards from retailers including Walmart...

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Money Market Account vs. Money Market Fund: What’s the Difference?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 04/21/2025

If you’re looking for a way to safeguard your savings and maximize your returns, you have multiple options to consider. Two that might sound similar are money market accounts and money market mutual funds — but though the names sound alike, there are some major differences between these financial products.

While both options tend to offer high yields at a relatively low risk, the right option for you will depend on your short- and long-term goals. To help you...

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Money Market vs. Checking Account: How Do They Differ?
Money Market vs. Checking Account: How Do They Differ?
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 04/22/2025

Money market and checking accounts allow you to deposit, store and access funds, but the similarities stop there. Typically, a checking account pays little to no interest and is intended for everyday...



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What Is a Credit Union?
What Is a Credit Union?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 04/22/2025

Thinking about where to keep your money? Credit unions provide an alternative to traditional banks, typically offering better rates on loans and deposit accounts.

Here we will guide you through the fundamentals of credit unions, including how they’re different from other financial...

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