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

What Is a Patriot Bond and How Does It Work?
What Is a Patriot Bond and How Does It Work?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 04/25/2025

A Patriot Bond was a special-edition Series EE savings bond the U.S. government issued between 2001 and 2011. Patriot Bonds were issued at a 50% discount off their face value and were set to mature over...

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How to Open a Checking Account Online
How to Open a Checking Account Online
Written by Katie Ziraldo | Edited by Ali Cybulski | Published on 04/25/2025

Opening a checking account online often eliminates the need for a trip to a physical bank branch. If you want to open an account online, you should become familiar with the process to keep it quick...

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What to Look for in Prepaid Debit Cards
What to Look for in Prepaid Debit Cards
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 04/25/2025

When shopping for prepaid debit cards, look for products that go light on fees and run on a major card network, such as Visa or Mastercard. You can find prepaid debit cards from retailers including Walmart...

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Money Market Account vs. Money Market Fund: What’s the Difference?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 04/21/2025

If you’re looking for a way to safeguard your savings and maximize your returns, you have multiple options to consider. Two that might sound similar are money market accounts and money market mutual funds — but though the names sound alike, there are some major differences between these financial products.

While both options tend to offer high yields at a relatively low risk, the right option for you will depend on your short- and long-term goals. To help you...

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Money Market vs. Checking Account: How Do They Differ?
Money Market vs. Checking Account: How Do They Differ?
Written by Melanie Pincus | Edited by Ali Cybulski | Published on 04/22/2025

Money market and checking accounts allow you to deposit, store and access funds, but the similarities stop there. Typically, a checking account pays little to no interest and is intended for everyday...



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What Is a Credit Union?
What Is a Credit Union?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 04/22/2025

Thinking about where to keep your money? Credit unions provide an alternative to traditional banks, typically offering better rates on loans and deposit accounts.

Here we will guide you through the fundamentals of credit unions, including how they’re different from other financial...

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Venmo Review
Venmo Review
Written by Tara Mastroeni | Edited by Rebecca Stropoli | Published on 04/21/2025

Venmo is a peer-to-peer (P2P) payment app that is meant primarily for sending and receiving money from family members and friends. Since its founding in 2009, the app has grown to more...



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Best Banks and Credit Unions for U.S. Military Service Members
Best Banks and Credit Unions for U.S. Military Service Members
Written by Katie Ziraldo | Edited by Ali Cybulski | Published on 04/21/2025

Military service often comes with financial challenges. Frequent relocations, unpredictable deployments and inherent life stresses can make managing money difficult. A military-focused bank or credit union, however, can provide products and services tailored to the distinct needs of service members, veterans and their families.

Here’s more about the pros and cons of military banks and credit unions and your top options to consider.

Why you...
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Nearly 70% of 6-Figure Earners Are Men, While Nearly 60% of Lowest Earners Are Women
Nearly 70% of 6-Figure Earners Are Men, While Nearly 60% of Lowest Earners Are Women
Written by Maggie Davis | Published on 4/14/2025

Despite progress toward workplace equality, the gender pay gap continues to be a pressing issue in America. In fact, 68.6% of six-figure earners are men, according to the latest DepositAccounts study.

That said, progress is evident: The percentage...

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Ally Bank vs. Capital One 360: Which Bank Makes Sense for You?
Ally Bank vs. Capital One 360: Which Bank Makes Sense for You?
Written by Tara Mastroeni | Edited by Rebecca Stropoli| Published on 4/3/2025

At first glance, Ally Bank and Capital One 360 seem to have few differences. These two banks operate either mostly or fully online, offering similar products with comparable yields and fee structures.

You’ll need to drill down into the finer details to make a choice between Ally Bank versus Capital One 360. Here’s an in-depth...

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7 Best Money-Saving Apps in 2025
7 Best Money-Saving Apps in 2025
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 4/2/2025

Saving money isn’t always easy, but the right tools can simplify the process and help you reach your financial goals. Whether you’re building an emergency fund or investing for the future, the following...

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Citibank vs. Chase: Which Is Right for You?
Citibank vs. Chase: Which Is Right for You?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 3/25/2025

As two of the largest banks in the U.S. by assets, both Citi and Chase Bank offer a wide variety of deposit accounts, including checking...

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