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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Bank Deals Blog

Brilliant Bank Offers Competitive Short-Term CD Rates
Deal Summary: CDs – 9-month (4.50% APY) and 15-month (4.85% APY), $1k minimum deposit.

Availability: Nationwide, with the exception of Arkansas, Kansas, Missouri, and Oklahoma.

Kansas-based Brilliant Bank is currently offering quite competitive rates on its 9-month CD (4.50% APY) and 15-month CD (4.85% APY). The minimum opening deposit is $1k and is capped at $500k.

DA readers may remember that Brilliant Bank unveiled the 9-month and 15-month CDs in mid-October, but they were pulled from the website within days. According to CSR, the two CDs were...

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ConnectOne Bank Adds Competitive 10-Month CD
Deal Summary: 10-Month Time Deposit (CD), 4.65% APY, $500 minimum deposit

Availability: Nationwide through online application

New Jersey-based ConnectOne Bank (ConnectOne) has brought back its 10-month Time Deposit. (FYI – ConnectOne no longer uses “CD”: the new term is Time Deposit – TD for short. To minimize any confusion, I’m using CD.)

ConnectOne first added the 10-month CD to the product line in March 2018, but by mid-May, it had been removed. The current 4.65% APY is a vast improvement over the original 2.17% APY. The...

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How Much Money Consumers Leave on the Table by Not Shopping for the Best APYs on Checking and Savings Accounts
How Much Money Consumers Leave on the Table by Not Shopping for the Best APYs on Checking and Savings Accounts
Written by Julie Ryan Evans | Published on 12/5/2022


Unless you love leaving money on the table, there's no reason not to shop around for financial products. Whether your mama told you to or not, it pays to explore your options, particularly for checking and savings accounts.

The newest DepositAccounts study examines how much consumers can save — or leave on the table — by shopping (or not shopping) for the best annual percentage yield (APY)...

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State Bank of Texas 12-Month CD Soars Up To 5.00% APY
Deal Summary: 12-month CD Special, 5.00% APY, $25k minimum deposit.

Availability: Nationwide

What a difference a week can make in the current rate environment. Seven days ago, I wrote about the State Bank of Texas (SBT) nationally available 1-year CD Special, which was a near-rate leader offering 4.65% APY. Over the weekend, SBT hiked the rate again, and the 12-month CD Special is now the new 1-year CD rate leader with a 5.00% APY. The minimum opening deposit is $25k, with...

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Dept of Commerce Federal Credit Union Ups 24-35 Month CD Rates
Update 2:00pm 12/5/22: CD rates were lowered after the publication of this post. The 24-35 month CD APY fell to 4.50% APY ($25k minimum) or 4.40% APY ($500 minimum).

Deal Summary: 24-35 month CD – 4.71% APY, ($25k minimum) or 4.61% APY ($500 minimum).

Availability: Easy membership requirement

Following a recent 37 bps rate increase, the Department of Commerce Federal Credit Union (DOCFCU) 24-35 month CD (4.61% APY, $500 minimum deposit) currently offers the highest APY for nationally available 3-year CDs. Initial deposits of...

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Buckeye State Bank (OH) Kasasa Cash Has Rate Leading APY
Deal Summary: Kasasa Cash, 5.00% APY up to $15k; Kasasa Saver, 3.50% APY up to $35k.

Availability: Ohio

Reward checking account (RCA) rate increases have lagged far behind deposit account rates in the last year. While CDs, MMAs, and savings account rates have risen dramatically, RCA rates have remained largely stagnant. One exception is the recent rate increase by Ohio-based Buckeye State Bank (BSB) on its Kasasa Cash checking account. Following a 200 bps increase, the Kasasa Cash checking account currently earns 5.00% APY on qualifying...

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Andrews Federal Credit Union Adds Wow-Worthy 7-Month CD Special
Update 12/3/2022: The availability of the 5.00% APY 7-Month Inflation Buster Share Certificate Special has been extended through December 14, 2022. This post was originally published on November 8, 2022.

Deal Summary: 7-Month Inflation Buster Share Certificate Special, 5.00% APY, $1k min/$100k max deposit, new money, limit of one per member, available through 12/2/2022.

Availability: Easy membership requirement.

Now through December 2, 2022, Andrews Federal Credit Union (Andrews Federal) is offering a 7-Month Inflation Buster Share Certificate Special (IBSCS) earning 5.00% APY. The minimum opening deposit is $1k...

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My eBanc SuperSaver Money Market Account Is New Rate Leader
Deal Summary: SuperSaver Money Market Account, 4.08% APY ($100k+), 2.48% APY (up to $100k). Online Time Deposits – 12-month (4.71% APY) and 18-month (4.71% APY), $5k minimum opening deposit.

Availability: Internet bank

Good news – Florida-based My eBanc is currently offering 4.08% APY on its SuperSaver Money Market Account.

Not-as-good news – A minimum $100k balance is required to earn the 4.08% APY.

As recently as mid-November, the SuperSaver MMA earned 2.48% APY on all balances, but at the beginning of December, My eBanc restructured the SuperSaver MMA, adding two...

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CFG Bank Boosts Money Market and CD Rates
Deal Summary: CDs – 12-month (4.65% APY) and 18-month (4.75% APY), $500 min/$250k max deposit. High Yield Money Market, 4.00% APY, on balances of $1k and above.

Availability: Nationwide through online application

In October, Maryland-based CFG Bank (CFG) had adopted a “uni-rate” strategy, with the 12-, 18-, 36-, and 60-month CDs all earning the same APY. That approach was short-lived, and now the shorter-term CDs have the highest rates. Following recent rate increases of 15 bps for the two shorter-term CDs and 25...

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Michigan State University Fed Credit Union 1-Year CD Is A Rate Leader
Deal Summary: 1-year Add-On Certificate, 4.60% APY, $50 min deposit. 1-year Add-On Jumbo Certificate, 4.86% APY, $100k min deposit.

Availability: Easy membership requirement

Michigan State University Federal Credit Union (MSUFCU) is currently offering very competitive rates on its 1-year Add-On Certificate (4.60% APY, $50 min) and 1-year Jumbo Add-On Certificate (4.86% APY, $100k min). Following significant rate increase of 160 bps, both Add-On Certificate APYs are the highest offered since DA began tracking them more than ten years ago. Unfortunately, the Add-On feature doesn’t provide...

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UFB Direct Ups Money Market and Savings Account Rates
Deal Summary: UFB High Rate Money Market (3.91% APY), UFB High Rate Savings (3.91% APY), no minimum opening deposit.

Availability: Nationwide (internet bank)

Soon after I published yesterday’s Liquid Rates Summary, I was informed that California-based UFB Direct would be raising the rates on its UFB High Rate Money Market and UFB High Rate Savings accounts to 3.91% APY, effective December 1, 2022. As this is NOT a new account, all existing High Rate MMA and Savings accounts will automatically begin earning 3.91% today. There is no need to...

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INOVA Federal Credit Union Boosts Limited-Time 20-Month CD Rate
Deal Summary: 20-month Certificate, 4.75% APY, $200 minimum deposit.

Availability: Easy membership requirement in northern Indiana and San Francisco Bay area.

In early October, INOVA Federal Credit Union (INOVA) offered a limited-time 14-month Certificate Special, earning 4.05% APY. The 14-month Certificate Special was quite short-lived, lasting little more than a week. Its replacement was a limited-time 20-month Certificate with the same 4.05% APY. The 20-month Certificate is still available and now offers a competitive 4.75% APY. The minimum opening deposit is $200, with no stated...

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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 [email protected] 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.