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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New Dimensions FCU Adds Competitive 15-month CD
Availability: Residents of Kennebec and Somerset Counties, Maine.

Earlier this month, New Dimensions Federal Credit Union (New Dimensions) added a 15-month Share Certificate (1.51% APY) to its product line. The minimum opening deposit is $1k, with no stated balance cap.

As stated on New Dimensions’ Deposit Rates page, the Early Withdrawal Penalty for the 15-month Share Certificate is 270 days of dividends.

Availability

Headquartered in Waterville, New Dimensions Federal Credit Union’s field of membership is primarily residency based, with individuals who live,...

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State Bank of Cross Plains (WI) Offers State-Wide RCA
Availability: Market area for Ultimate Interest Checking covers all of Wisconsin.

For almost two years, State Bank of Cross Plains’ (SBCP) Ultimate Interest Checking account has earned 2.53% APY on qualifying balances up to $25k. Qualifying balances over $25k and non-qualifying balances both earn earning 0.01% APY.

Ultimate Interest Checking Qualification Requirements

  • At least 16 debit card transactions (signature).
  • Receive monthly eStatement.
  • Log in to eBank! at least once per month.

The Ultimate Interest Checking has no minimum balance requirement, monthly service fee, or minimum opening deposit. There is no mention...

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Companies Behind Online Banking - Bottomline Technologies
Companies Behind Online Banking - Bottomline Technologies

This is the sixth in a series of articles on companies behind online banking. Last week we profiled MeridianLink. This article features Bottomline Technologies, formerly Andera.

Bottomline Technologies’ Secret Weapon -- oFlows

With fintech it can be hard to understand exactly what a company does. However, Bottomline Technologies makes it plain – they simplify the way banks and credit unions open accounts, generate loan application, in the community, in branches and over the phone. Their goal is to reduce the headache that applying to open an account or loan can be,...

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EverBank Raises Rates On Shorter-Term CDs
Availability: Nationwide (internet bank)

It’s been almost nine months since EverBank raised the rates on any of its CDs. That changed yesterday, when EverBank increased the rates on 15 Yield Pledge CDs/IRAs, ranging from 6 to 21 basis points.

The most impressive of the increases was a 21 basis point rate hike on the 3-year Yield Pledge CD (1.61% APY).

The minimum opening deposit for any of the Yield Pledge CDs is $1.5K, with no maximum balance cap. The CDs are also available as IRAs (Traditional and Roth) earning the...

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The Summit FCU (NY) Raises Rate On 1-Year Jumbo CD
Availability: Portions of western New York State

The Summit Federal Credit Union (The Summit) ended the week by raising the rate on its 1-year Jumbo Share Certificate (1.40% APY). The minimum opening deposit is $75k, with no stated balance cap.

In its more than five year history, the 1-year Jumbo Share Certificate has had over 25 rate changes, with this week’s increase resulting in the highest APY ever.

The 1-year Jumbo Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the...

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Alden CU's (Easy Membership) "Nuff Said Checking" Earns 5.125% APY
Availability: Easy Membership Requirement

Massachusetts based Alden Credit Union’s (Alden CU) Nuff Said Checking account earns 5.125% APY on qualifying balances up to $5k. Unlike most Rewards Checking Accounts (RCA), the Nuff Said Checking does not offer any interest on balances (qualified or not) over the stated cap.

Qualifying Requirements

  • At least 20 POS or signature-based Debit Card transactions per billing cycle
  • Set up Direct Deposit
  • Enroll in eStatements and Online Banking/Mobile Banking

The Nuff Said Checking account has no monthly service fee, no minimum balance requirement, and no checks are issued....

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Liberty Savings FCU (NJ) Raises Rate On 72-Month CD
Availability: Residents of Hudson County, New Jersey; 170+ northern New Jersey SEGs.

Liberty Savings Federal Credit Union (LSFCU) recently raised the rate on its 72-month Term Certificate, with a minimum $500 deposit earning 2.00% APY and a minimum $5k deposit earning 2.10% APY.

The 72-month Term Certificate is also available as an IRA (Traditional) earning the same APYs, with the same funding requirements.

The fine print on the Deposit Rates page states,

Bonus dividend of an additional 0.10% on any single
certificate of 2 years or more with a balance of...
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Consolidated CCU (OR) Adds Peak Checking
Availability: Residents of Clackamas, Multnomah, and Washington Counties, Oregon.

A few months ago, Consolidated Community Credit Union (CCCU) added a new Rewards Checking Account (RCA): Peak Checking, which currently earns 2.02% APY on qualifying balances up to $10k, with qualifying balances over 10k earning 0.05% APY. Unlike the majority of RCAs, the Peak Checking non-qualifying balances earn tiered APYs: 0.10% APY up to $10k and 0.05% APY over $10k.

Peak Checking Qualification Requirements

  • Enroll in eStatements.
  • Must have monthly Direct Deposit (payroll, Social Security, or pension).
  • At...
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Maine Highlands FCU Offers Competitive Short-Term IRAs
Availability: Residents of the Maine communities of Brighton, Cambridge, Charleston, Corinna, Dexter, Exeter, Garland, Harmony, Mayfield, Ripley, Rockwood, Stetson, and all of Piscataquis County.

Maine Highlands Federal Credit Union (MHFCU) is offering 1.26% APY on its IRA Certificates - that would be its 3-, 6-, 9-, 12-, 15-, 18-, 24- and 36-month IRA Certificates (Traditional, Roth, and CESA). The minimum opening deposit is $500, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty for any of the IRA Certificates is “90 days of dividends, whether earned...

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Open A PNC Bank Virtual Wallet And Earn Up To $300

UPDATE 8/24/2016: Extended through August 31, 2016.

Availability: AL, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and District of Columbia.

PNC Bank is again offering a variety of bonuses in connection with its Virtual Wallet product line. New checking accounts, opened between now and June August 31, 2016, can earn $50, $200, or $300, depending on which Virtual Wallet account is opened.

As stated on PNC Bank's Application Checklist page, initial funding can be made by debit or...

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Eastman Credit Union (TN/VA/TX) Raises Rates On 1-Year CDs
Availability: Residents of seven Tennessee, eight Virginia, and two Texas counties; a variety of SEGs.

Last week, Eastman Credit Union (ECU) raised the rates on its 1-2 Year Investment Certificate (1.30% APY, $1k minimum) and 1-2 Year Jumbo Investment Certificate (1.40% APY, $100k minimum). These new rates are the highest for both Certificates in more than five years

As stated on ECU’s Investment Certificate page, the Early Withdrawal Penalty is “90 days dividends.”

Availability

Headquartered in Kingsport, Tennessee, Eastman Credit Union’s field of membership is primarily residency based,...

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Best Bank Account Interest Rates - Summary for August 23, 2016
Best Bank Account Interest Rates - Summary for August 23, 2016

Last week’s release of the minutes from the Fed’s July meeting failed to make it clearer on whether the Fed will hike rates at its September 20-21 meeting. The next big potential clue will be Fed Chair Janet Yellen’s speech on Friday at the Jackson Hole Symposium. It’s doubtful she’ll provide any clear signs of the Fed’s direction. Some Fed officials have hinted in speeches that September is on the table for a rate hike. As mentioned in this Wall Street Journal article, if the Fed chair sounds hawkish at...

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