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

HRCU (NH) 30-Month CD Special Now Earns 3.51% APY
Deal Summary: 30-month CD Special, 3.51% APY, $500 minimum deposit

Availability: Residents of New Hampshire

HRCU (formerly known as Holy Rosary Credit Union) has raised the rate on its 30-month CD Special to 3.51% APY. The minimum deposit is $500, with no stated balance cap.

The CD Special is available as an IRA (Traditional, Roth, CESA, and SEP), earning the same APY with the same funding requirements.

The 30-month CD Special was added to the product line in March 2017, with an initial 1.65% APY. In the beginning...

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CD Rates Summary January 15, 2019
CD Rates Summary January 15, 2019

This is another reminder that this is my new version of the weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review...

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Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019
Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out...

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The Best Savings Accounts in January 2019
The Best Savings Accounts in January 2019
Written by Lauren Perez and Ken Tumin

Nowadays, saving money in an account at many big banks is just about as useful as stashing it under your mattress if you’re looking to earn returns. Not only have rates on deposit accounts at traditional banks barely budged in the last few years — despite a wave of rate hikes from the Fed — but they often penalize customers with fees for everything from carrying a balance under a certain amount or daring to use an out-of-network ATM.

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First Community Credit Union Hikes 72-Month CD Rate To 3.75% APY
Deal Summary: 72-month CD (3.75% APY), 60-month CD (3.50% APY), $500 minimum. 19-month CD Special, 3.04% APY, $500 min/$250k max deposit per person.

Availability: Residents of five Missouri counties and the City of St. Louis, and three Illinois counties, all in the St. Louis metropolitan area.

Over the weekend, First Community Credit Union (First Community CU) raised the rates on two of its long-term CDs: 72-month (3.75% APY) and 60-month (3.50% APY). The minimum deposit for either CD is $500, with no stated balance cap.

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What a Patriot Bond Is and What to Do With It
What a Patriot Bond Is and What to Do With It
Written by Marianne Hayes | Published on 1/14/2018

Looking to learn more about Patriot Bonds? Let’s start with a quick explainer of what savings bonds are. They’re low-risk investments that are backed by the U.S. government. After you purchase the bond, they pay you back the principal plus interest.

Savings bonds come in a number of shapes and sizes, with some earning interest differently than others. Series EE savings bonds, which have a fixed rate of return, are available online from the U.S. Department of the Treasury via TreasuryDirect.gov.

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Citizens Access Ups Online Savings To 2.35% APY
Deal Summary: Online Savings Account, 2.35% APY, $5k minimum opening deposit

Availability: Nationwide (internet bank)

Citizens Bank (RI) unveiled its new internet division, Citizens Access, in July 2018. The new bank's Online Savings Account offered an initial 2.00% APY on balances of $5k and above; balances below $5k earned 0.25% APY. Two rate increases in September and October added a total of 25 bps, although the lower rate tier remained static.

Since October’s increase, the Online Savings Account rate hasn’t changed until this morning: the new rate...

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UniBank (MA/CT/RI) Offers 14-Month CD Special, 3.00% APY
Deal Summary: 14-month CD Special, 3.00% APY, $500 min/$1m max deposit, limit of one.

Availability: Online market area includes Connecticut, Massachusetts, and Rhode Island.

Massachusetts-based UniBank for Savings (UniBank) is currently offering a 14-month CD Special, which earn 3.00% APY. The minimum opening deposit is only $500, and the maximum is capped at $1 million. There is also a limit of “one 14-month CD account per customer holding the position of primary account holder.”

In December, I wrote about two CD Specials at...

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Liberty Bell Bank (NJ) Offers 15-Month CD Special, 3.00% APY
Deal Summary: 15-month CD Special, 3.00% APY, $2.5k minimum deposit

Availability: Primary market area is South New Jersey, but anyone who can come into a branch is eligible (no residency requirement).

New Jersey-based Liberty Bell Bank is currently offering a 15-month CD Special (3.00% APY). The minimum deposit is $2.5k, with no stated balance cap.

The CD Special is also available as an IRA (Traditional), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is three months interest on the...

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Gesa Credit Union (WA/ID) 36-Month Bump CD Now Earns 3.50% APY
Deal Summary: 36-month Bump Certificate, 3.50% APY, one-time rate increase, $500 minimum deposit.

Availability: Residents of Washington State and eight Idaho panhandle counties.

Earlier this week, Gesa Credit Union (Gesa CU) raised the rate on its 36-month Bump Certificate to 3.50% APY. The bump option allows for a one-time rate increase (any time during the term) that must be initiated by the certificate’s owner. This limited-time offer requires a $500 minimum opening deposit and has no balance cap.

The Bump Certificate is also available as an IRA (Traditional...

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Live Oak Bank Savings Account Rises to 2.25% APY
Deal Summary: Savings Account, 2.25% APY on all balances up to $5 million.

Availability: Nationwide (internet bank)

The latest institution to increase the rate on a savings account is Live Oak Bank, which added 15 bps to its Savings Account (2.25% APY) yesterday. With no minimum opening deposit requirement or minimum balance requirement, the 2.25% APY applies to all balances up to $5 million.

Throughout 2017 and for first part of 2018, the Savings Account APY was within reach of the rate leaders, but that scenario has changed....

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The Harbor Bank of Maryland Offers 60-Month CD Special, 3.56% APY
Deal Summary: 60-month CD Special (3.56% APY), 60-month IRA Special (3.71% APY), $1k min deposit new money, available through January 31, 2019.

Availability: Online market area includes Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia, and the District of Columbia.

Now through the end of January, The Harbor Bank of Maryland (Harbor Bank) is offering a series of four CD Specials, including a competitive 60-month (3.56% APY). The minimum deposit is $1k of new money, with no stated balance cap.

The 60-month CD is also offered...

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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.