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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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...

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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...

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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...

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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...
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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...
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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.

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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...

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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,...

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Huntington National Bank Again Extends $200 Checking Bonus

UPDATE 1/19/17: Offer has been extended through April 30, 2017.

Availability: Residents of Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia

Huntington National Bank (Huntington Bank) regularly features opening bonuses for new checking accounts. The latest promotion, Huntington 5 Checking® and $200, is available now through January 31, 2017 April 30, 2017.

Qualifications for the $200 Bonus:

  • *Open a new Huntington 5 Checking® account online, or in-branch using the promotion code that will be emailed upon request.
  • Make at least $1k in deposits within 60 days of account opening.
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Partner Colorado Credit Union (Easy Membership) Adds Celebrate CDs
Availability: Easy membership requirement

Partner Colorado Credit Union (Partner Colorado) is currently featuring its 12-month Celebrate CD (1.25% APY) and 24-month Celebrate CD (1.55% APY). The minimum opening deposit for either CD is $500.

Although not labeled with the Celebrate moniker, both Celebrate CDs are also available as IRAs (Traditional), earning the same APYs with the same funding requirements.

As stated on the Celebrate CD promotion page, the Early Withdrawal Penalty reads as follows:


Headquartered in the Denver suburb of Arvada, Partner Colorado Credit...

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East Boston Savings Bank (MA) Hikes 48-Month CD Rate
Availability: Market area is Greater Boston metropolitan area.

East Boston Savings Bank (EBSB) has raised the rate on its 48-month CD (2.13% APY). The minimum opening deposit is $1k, with no stated balance cap.

For the past seven months, the 48-month CD’s APY was 1.50%, following a six-month stay at 2.13%. The current APY is the highest rate for the 48-month CD in more than six years.

The 48-month CD is also offered as an IRA (Traditional, Roth, CESA, SEP) earning the same APY, but...

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$400 Checking Bonus Available At Regions Bank

UPDATE 1/19/2017: The $400 bonus is no longer available.

Availability: New checking customers in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas.

A week ago, I wrote about Regions Bank’s (Regions) $300 LifeGreen Checking bonus. How quickly things change. Regions is now offering a $400 LifeGreen Checking bonus, and the Direct Deposit requirement has been dropped.

$400 Bonus Requirements

  • Open any personal LifeGreen Checking Account by January 31, 2017, online using Promo Code 400MC3, or in person using a personalized...
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