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.

Featured Savings Rates

Popular Posts

Featured Accounts

Bank Deals Blog

Fifth Third Bank Again Offers $200 Checking Bonus

UPDATE 1/24/2017: Extended through March 31, 2016.

Availability: Market area includes FL, GA, IL, IN, KY, MI, MO, NC, OH, PA, TN, and WV. Eligibility is determined by Zip Code.

Over the past few years, Fifth Third Bank has regularly offered a $200 checking bonus promotion and the latest version of the promotion is available now through March 31, 2016.

To Qualify for the $200 Bonus:

  • Open a new Fifth Third Essential Checking® account.
  • Enroll in direct deposit within 90 days of account opening.
  • Make three online payments within 90 days of...
Continue Reading
Bank of the West Offers $150 And $300 Checking Bonuses

UPDATE 1/24/2017: Extended through March 3, 2017.

Availability: Market area includes Arizona, California, Colorado, Iowa, Idaho, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, and Wyoming.

Now through November 18, 2016 March 3, 2017, Bank of the West (BotW) is offering two checking bonuses: $150 Easy Checking bonus and $300 Premier Checking bonus.

$150 Easy Checking Bonus Requirements

  • Open an Easy Checking account with a minimum deposit of $100 of new money March 3, 2017.
  • $100 bonus for a Direct Deposit of at...
Continue Reading
MemoryBank’s Internet Checking Account with a First-Year 1.50% APY
Availability: Nationwide

Republic Bank & Trust Company recently launched an internet bank called MemoryBank. One thing unique about MemoryBank is that it currently offers a single product, a high-yield reward checking account that it calls the EarnMore Interest Checking Account. The EarnMore Account has two features that make it more appealing than the typical reward checking account. First, the maximum balance that qualifies for the top yield is $250k, which is much larger than the typical reward checking balance caps. Second, the required monthly requirements are easier than the...

Continue Reading
CIT Bank Raises Rates On Shorter Term CDs
Availability: Nationwide (internet bank)

Over the weekend, CIT Bank, N.A. (CIT Bank) raised the rates on several of its shorter term CDs.

While the CDs and Jumbo CD are fairly straightforward products, the RampUp™ Plus CD is a bit more detailed. The RampUp™ Plus CD allows for a one-time rate increase before maturity. For those who already have a RampUp™ Plus CD, being aware of when the APY increases is important. The decision of when to utilize the bump-up option can be tricky: if you wait for additional...

Continue Reading
Earn $150 When Opening An Associated Bank Wild® Checking Account
Availability: Market area includes Illinois, Minnesota, and Wisconsin.

Wisconsin-based Associated Bank, N.A. (Associated Bank) has had a series of $150 checking bonuses in the past that were sports team themed. The Brewers Checking bonus recently expired at the end of December, and while the Packers won’t be headed to Houston in February, the $150 Packers Checking bonus is still available through March 31, 2017.

The latest checking bonus is the seasonally appropriate Wild® Checking $150 bonus. You don’t have to be a hockey fan to apply for...

Continue Reading
Island FCU (NY) Raises Rates On Long-Term CDs
Availability: Residents of Nassau County and Suffolk County, New York; members of New York area Communications Workers of America Locals.

Earlier this month, Island Federal Credit Union (Island FCU) raised the rate on its 60-month Certificate (2.25% APY) and 84-month Certificate (2.50% APY). The minimum deposit for either Certificate is $1k, with no stated balance cap. Both Certificates are also available as “Youth Certificates” ($500 minimum deposit) for family members up to age 19.

Both Certificates are also available as IRAs (Traditional, Roth, CESA), earning the...

Continue Reading
Evolution of Deposit Insurance in America – ASI Overview and History
Evolution of Deposit Insurance in America – ASI Overview and History

This is the fourth in a series of articles that look at the evolution of deposit insurance in America. Last month looked at private deposit insurance, this article presents an overview of deposit insurance in America, with an emphasis on American Share Insurance (ASI).

American Share Insurance is in a class by itself. The company, which insures deposits for credit unions, has been in business more than 40 years. That alone makes them unique. While at one time they faced competition, they outlasted them all. They are the only...

Continue Reading
Santander Bank Extends $150 Checking Account Bonus

UPDATE 1/21/2017: Extended through January 31, 2017.

Availability: Nationwide

The Santander Bank, N.A. (Santander Bank) "Simply Right Checking" $150 promotion been extended through December 31, 2016 January 31, 2017. Three different Santander Bank checking accounts (Simply Right Checking, Basic Checking, and Premier Plus Checking) are eligible to earn the $150 bonus.

Bonus Qualifying Requirements

  • Open a new eligible checking account by December 31, 2016 January 31, 2017.
  • If opening in-branch, use coupon when applying.
  • If opening online, the coupon is applied automatically.
  • Have direct deposits* totaling at least $500 with the first 90 days.
  • Keep...
Continue Reading
North Shore Bank (WI/IL) Offers $200 Checking Bonus
Availability: Market area includes 16 eastern Wisconsin counties (Lake Michigan shoreline) and McHenry County, Illinois.

Now through February 11, 2017, Wisconsin-based North Shore Bank, FSB's (North Shore Bank) will reward new customers with up to $200 when opening a new checking account (Better-Than-Free, Perks, or Platinum Checking).

Bonus Requirements

  • $100 – open a new North Shore Bank checking account by February 11, 2017.
  • $100 – have least 10 debit card transactions OR set up Direct Deposit by March 31, 2017.


  • New “personal households” only.
  • May not have received a North Shore promotional reward in...
Continue Reading
University FCU (UT) Adds 20 Basis Points To 60-Month CD
Availability: Salt Lake County, Utah

Earlier this week, University Federal Credit Union (University FCU) raised the rate on its 60-month Certificate (2.50% APY). The minimum opening deposit is $1k, with no stated balance cap.

In its more than 5-year history, the 60-month Certificate has had over 20 rates changes, with the current APY being the highest rate ever.

The 60-month Certificate is also available as an IRA (Traditional), but at a slightly higher APY of 2.55% and a lower minimum deposit of $500.

Continue Reading
Coastal Heritage Bank (MA) Adds 9- or 12-month CD Special (1.60% APY)
Availability: Market area is Massachusetts’ South Shore area.

Coastal Heritage Bank has just added two limited-time CD Specials (9-month and 12-month) that each earn 1.60% APY. The minimum opening deposit is $1k of new money, with a maximum balance cap of $500k per person.

There is a limit of one account per person, and a personal checking account (new or existing) is required to open either CD.

According to CSR, the Early Withdrawal Penalty is three months of interest for the 9-month CD Special, with the 12-month CD Special losing...

Continue Reading
My Banking Direct Increases Money Market APY to 1.15%
Availability: Nationwide, except for residents of Arizona, Florida, New York, New Jersey, or Ohio.

About a month ago, I wrote about My Banking Direct’s rate increase on its online Money Market Checking account that occurred just days before the Federal Reserve’s December rate hike. Yesterday, My Bank Direct became the second internet bank to increase the rate on a Money Market account post-Fed rate increase, with the Money Market Checking account now earning 1.15% APY on balances over $25k (10 bps increase). Balances between $5k-$25k earn 0.75% APY,...

Continue Reading
View Archive