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.


Popular Posts

Bank Deals Blog

CD Interest: Let It Accrue or Receive Regular Payments?
CD Interest: Let It Accrue or Receive Regular Payments?
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 02/11/2025

To maximize your interest earnings on a certificate of deposit (CD), you should let interest accrue over the account’s term.

If you leave your account alone, a monthly paying CD does reinvest interest. You’ll get this benefit...

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What Is the 50/30/20 Budget Rule?
What Is the 50/30/20 Budget Rule?
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What Is Inflation, and What Is the Inflation Rate?
What Is Inflation, and What Is the Inflation Rate?
Written by Laura Bradley | Edited by Ali Cybulski | Published on 02/10/2025

Inflation is the increase in prices of goods and services over time. As costs rise, your purchasing power falls — meaning the same amount of money buys less.

Here’s more about inflation, including what you can do...

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Savings Bonds: How They Work and How to Cash Them In
Savings Bonds: How They Work and How to Cash Them In
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Glass-Steagall Act: Why Was It Repealed, and What Did It Do?
Glass-Steagall Act: Why Was It Repealed, and What Did It Do?
Written by Ali Cybulski | Edited by Michael Kitchen | Published on 01/30/2025

The Glass-Steagall Act said banks that hold consumers’ deposits couldn’t heavily invest in most securities.

The law was passed in 1933 to keep deposits safe from market crashes, but it was replaced in 1999 after banks...

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Where Can You Send Money Online?
Where Can You Send Money Online?
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How to Cash In Savings Bonds
How to Cash In Savings Bonds
Written by Tara Mastroeni | Edited by Rebecca Stropoli | Published on 01/29/2025

If you have recently stumbled upon savings bonds you were gifted as a child or some of your bonds are close to their maturity date, you may be wondering how to cash them in. Luckily, you can redeem savings bonds in multiple ways and choose the method that works...

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Best Places to Spend Your Golden Years: Top Metros Ranked by Lifestyle, Cost and Health Care
Best Places to Spend Your Golden Years: Top Metros Ranked by Lifestyle, Cost and Health Care
Written by Maggie Davis | Published on 01/27/2025


Retirement is your time to live life on your terms, but where you choose to settle down can drastically impact your dreams.

The newest DepositAccounts study looked at lifestyle, cost of living, medical...


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Roth vs. Traditional IRA: What’s the Difference?
Roth vs. Traditional IRA: What’s the Difference?
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Apple Pay Review
Apple Pay Review
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How Long Does It Take to Get a Tax Refund?
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Why You Need an Emergency Fund and How to Build It
Why You Need an Emergency Fund and How to Build It
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 01/21/2025

Unexpected life events such as sudden job losses and medical emergencies can hurt your finances. But having an emergency fund can make a big difference in how you navigate those difficult times.

Emergency savings provide a...

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