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

Brokered CDs vs. Bank CDs: 6 Major Differences Between Them
Written by Tara Mastroeni | Edited by Michael Kitchen | Published on 01/13/2025


If you want a certificate of deposit (CD), you can buy one directly from a bank or open a brokerage CD account. There are some major differences between brokered CDs and bank CDs, including yields and...


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Remitly Money Transfer Review
Remitly Money Transfer Review
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How to Save for Retirement at Any Age
How to Save for Retirement at Any Age
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 1/2/2024


To determine how to save for retirement, consider how much you expect to spend in retirement.

If you’re in your 50s or older, you may be able to answer this question with relative ease and build a retirement savings goal around it. If you’re earlier in your career, you may be unable to come up with a precise number. Instead, plan to set aside a percentage of your...


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Treasury Bills (T-bills): What They Are and How to Buy Them
Written by Ali Cybulski | Edited by Becca Stanek | Updated on 1/2/2025


Treasury bills, commonly...


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How to Cancel a Check and Stop a Payment in 5 Steps
How to Cancel a Check and Stop a Payment in 5 Steps
Written by Katie Ziraldo | Edited by Ali Cybulski | Published on 12/30/2024


Checks may not be as popular as they were once, but many people still use this form of payment. If you lose a check or suspect it has been stolen, you must act quickly and cancel the check before it’s cashed. Follow these simple steps when you need to cancel a check and stop payment.

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  • What is a stop payment?
  • What are the reasons to...

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What Is a Good Monthly Retirement Income?
What Is a Good Monthly Retirement Income?
Written by Theresa Stevens | Edited by Michael Kitchen | Published on 12/23/2024


Planning for your golden years is essential, but what’s considered a "good" monthly income for your retirement depends on your lifestyle and goals. While 80% of your income is a general guideline, here’s how to estimate retirement income for a more accurate number.

On this page
  • How much do you need to retire?
  • How to estimate your retirement income needs
  • Frequently asked questions

How much do you...

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Saving vs. Investing: Which Option Is Better for Your Money?
Saving vs. Investing: Which Option Is Better for Your Money?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 12/23/2024


Saving and investing are two essential pillars of personal finance, but they serve different purposes. Deciding which is best for your situation comes down to your goals and risk tolerance. Here’s what you should know about saving versus investing, including their differences, similarities,...


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Are CDs Worth It?
Are CDs Worth It?
Written by Theresa Stevens | Edited by Becca Stanek | Published on 12/20/2024


Certificates of deposit (CDs) are a common savings tool that typically offer higher interest rates than traditional savings accounts, helping your money grow faster. But are CDs worth it? The answer depends on several factors, including the interest rate environment and your financial...


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5 Easiest Bank Accounts to Open Online
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Ally Bank vs. Barclays: Which Is Better for You?
Ally Bank vs. Barclays: Which Is Better for You?
Written by Tara Mastroeni | Edited by Becca Stanek | Published on 12/19/2024


Online banking is now the main way that Americans handle their money. In a 2024 American Bankers Association survey, roughly three-quarters of U.S. consumers said they do most of their banking online or through mobile devices,...


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Most Americans Don’t Always Carry Cash, With Debit the Preferred Payment Method
Most Americans Don’t Always Carry Cash, With Debit the Preferred Payment Method
Written by Julie Ryan Evans | Published on 12/9/2024


They say cash is king, but debit and credit cards rule Americans’ wallets more often than not. According to our newest DepositAccounts survey of more than 1,800 bank account holders, 66% don’t always carry cash, and 61% have used cash five or fewer times in the past month.

Some businesses aren’t so keen on the green stuff either, as 38% of consumers say they’ve had issues getting change when paying with...


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ACH Transfer vs. Wire Transfer: What’s the Difference?
ACH Transfer vs. Wire Transfer: What’s the Difference?
Written by Tara Mastroeni | Edited by Rebecca Stropoli | Published on 12/5/2024


ACH transfers and wire transfers both offer ways to send money electronically. However, there are some core differences between the two. Here’s a closer look at what separates an ACH versus wire transfer, so you can know which is the best fit for your specific needs.

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