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

Featured Promotion: Apply now for a Synchrony 14 Month CD Special. 2.35% APY for a $2K min balance. Read Ken's review
CD Rates Summary June 19, 2018
CD Rates Summary June 19, 2018

Last Wednesday the Fed moved as expected by raising the Fed funds rate by 25 basis points. In addition, most on the Fed now anticipate a total of four rate hikes in 2018. This is up from three in March. This was indicated by the dot plot in the Fed’s quarterly economic projections. The dot plot which illustrates the Fed funds rate projections now shows a median forecast for the end of 2018 of 2.375%, this is up from 2.125% in March. It should be noted that the change...

Continue Reading
Synchrony Bank Boosts Rate of 14-Month CD Special
Deal Summary: 14-month CD Special (2.45% APY, $2k minimum)

Availability: Nationwide

This morning Synchrony Bank increased the rate of its 14-month CD special by 10 bps to 2.45% APY. Minimum opening deposit is $2,000. Synchrony Bank first introduced this 14-month special on May 1st. At that time, the special CD was a rate leader for nationally available CDs with terms around 12 months. Since May 1st, rates have gone up, and now 2.45% APY is no longer a rate leader for terms around 12 months. Nevertheless, it’s still very...

Continue Reading
Venmo Review: What Is It, How Does It Work and Is It Safe?
Venmo Review: What Is It, How Does It Work and Is It Safe?
By Jackson Wise

Venmo is a free mobile wallet and digital payment network owned by PayPal that has revolutionized splitting the dinner bill since its founding in 2009. The platform, which comes in the form of an app, as well as a website, lets users transfer money instantly to friends, family and businesses. Users link their debit card, bank account or credit card to the iOS- and Android-friendly app, and can then pay and receive cash via the platform. Money is stored in a user’s Venmo account until they send it...

Continue Reading
CD Bank's Nationally Available 12-Month CD Earns 2.50% APY
Deal Summary: CDs – 3-months (1.90% APY), 6-months (2.10% APY), 9-months (2.25% APY), 12-months (2.50% APY), 18-months (2.60% APY), 24-months (2.75% APY), $10k minimum deposit.

Availability: Nationwide (internet bank)

When I wrote about CD Bank in May, the Bank had just celebrated its first year anniversary. At that time, CD Bank had raised the rates on its shorter-term CDs, and less than a month later, those same CDs now have new rates. Since early May, the shorter-term CDs have added between 20-50 bps. The minimum deposit...

Continue Reading
ableBanking 1-Year CD Reaches 2.50% APY
Deal Summary: 1-year CD (2.50% APY), 2-year CD (2.80% APY) $1k minimum deposit, $240k maximum deposit

Availability: Nationwide (internet bank)

It’s been about six months since I wrote about any of ableBanking’s CDs. In early December, the 1-year CD offered 1.75% APY, which at the time placed it at the top of the rate pile. Except for a short stay at 2.00% APY in January, the 1.75% APY has been in effect for the past seven months. As DA reader, IvoryMale, noted in a Forum...

Continue Reading
Mechanics Cooperative Bank (MA) Pushes 27-month CD To 2.75% APY
Deal Summary: 27-month CD Special, 2.75% APY, $2.5k minimum deposit.

Availability: Online market area includes Massachusetts and Rhode Island.

Mechanics Cooperative Bank (Mechanics Co-op) is currently offering a 2.75% APY on its 27-month CD Special, which can be opened online or in-branch. The minimum deposit for the CD Special is $2.5k, unlike the $500 minimum for its other CDs.

DA has been tracking the 27-month CD Special for more than seven years, with rates that were not competitive until the past three months. In the past...

Continue Reading
Independent Bank (TX/CO) Offers 13-Month Promo CD (2.73% APY)
Deal Summary: 13-month Promotional CD, 2.73% APY, $1k minimum deposit

Availability: Market area includes the Dallas/Ft. Worth, Austin, and Houston metro areas, and the Colorado Front Range Urban Corridor.

Texas-based Independent Bank ended the week by raising the rate on its 13-month Promotional CD (2.73% APY). The minimum opening deposit is $1k, with no stated balance cap.

The 13-month Promotional CD was introduced only four months ago, with an initial APY of 1.51%. A total of 122 bps have been added in two rate increases...

Continue Reading
Navigant Credit Union (RI/CT/MA) Adds 23-months CD Earning 3.00% APY
Deal Summary: 23-months CD, 3.00% APY, $500 minimum deposit, new money.

Availability: Residents of Rhode Island, and nearby Connecticut and Massachusetts (determined by Zip Code).

Over the weekend, Navigant Credit Union (Navigant) has added a 23-months CD, which earns 3.00% APY. The new CD can be opened with a $500 minimum deposit of new money, and there is no stated balance cap.

The 23-months CD and 13-months CD (2.50% APY) are the only competitive certificates in Navigant’s product line. The other CDs offer APYs that range from...

Continue Reading
Ally Bank Increases Rates on Online Savings Account and Six CDs
Deal Summary: Rate increases: Online Savings (1.65% APY on all balances); Noteworthy CDs: 6-month (2.00% APY), 12-month (2.30% APY), 60-month (2.75% APY) - $25k minimum deposit, lower rates for smaller balances.

Availability: Nationwide (internet bank)

This morning, Ally Bank increased the rates of its Online Savings Account, its 11-month No Penalty CD and five of its High Yield CDs. The Online Savings Account rate went up 5 bps to 1.65% APY. For CDs, the 6-month CD and 11-month No Penalty CD had the largest rate gains. The new APYs are...

Continue Reading
First Financial Northwest Bank Ups 48-Month CD to 3.00% APY ($100k+)
Deal Summary: 48-month CD, 3.00% APY ($100k+), 2.50% APY ($25k+)

Availability: Nationwide

Last week, First Financial Northwest Bank (FFNB) raised the rate on its 48-month CD to 3.00% APY for deposits of $100k+. The three other tiered APYs are really not competitive; there are more than 20 banks and credit unions offering nationally available 4-year CDs at higher rates than the 2.50% APY ($25k+). The minimum deposit to earn the 3.00% APY is $100k and there is no stated balance cap.

Continue Reading
First Resource Bank (SE Pennsylvania) Ups 12-Month CD (2.60% APY)
Availability: 12-month CD, 2.60% APY, $500 minimum deposit

Availability: Southeast Pennsylvania

First Resource Bank has raised the rate on its 12-month CD (2.60% APY). The minimum opening deposit is $500, with no stated balance cap. CSR stated there has been a lot of interest in the 12-month CD, and while no end-date has been announced, he didn’t expect the 2.60% APY to last more than a week or so.

Following the addition of 145 bps, the 12-month CD is offering its highest APY since being added to the product...

Continue Reading
USALLIANCE Financial Ups 25- And 35-Month CD Rates

UPDATE 6/14/2018: USALLIANCE Financial is offering its “VIP” members an additional 25 bps on new opened 25- and 36-month Certificates through June 30, 2018.

Deal Summary: Certificates – 12-month (2.28% APY), 25-month (2.58% APY), and 35-month (2.74% APY), $500 minimum deposit

Availability: Easy membership requirement

UPDATE: According to an email sent by USALLIANCE Financial, “VIP members are now eligible for a ONE QUARTER POINT RATE BOOST on newly opened 25 and 35 Month Certificate Accounts.” This rate increase results in a 3.00% APY for the 35-month...

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 feedback@depositaccounts.com 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.