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

What Is Bank Fraud? How to Recognize It, Avoid It and Report It
What Is Bank Fraud? How to Recognize It, Avoid It and Report It
Written by Katie Ziraldo | Edited by Anna-Louise Jackson | Published on 06/27/2025

Financial fraud is on the rise. The Federal Trade Commission (FTC) recently reported that consumer losses increased by 25% in 2024 compared with the previous year.

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How to Open a Bank Account for a Minor
How to Open a Bank Account for a Minor
Written by Katie Ziraldo | Edited by Anna-Louise Jackson | Published on 06/26/2025

Bank accounts for minors can build financial literacy before kids are old enough to earn income. These accounts offer a safe and practical way for children to learn about...

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How to Balance a Checkbook
How to Balance a Checkbook
Written by Katie Ziraldo | Edited by Anna-Louise Jackson | Published on 06/24/2025

In a time when most of our money moves online, you might think that keeping a balanced checkbook is an old-fashioned concept. But knowing how to balance a checkbook is still...

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Retirement Savings: How Much Should I Save Each Month?
Retirement Savings: How Much Should I Save Each Month?
Written by Katie Ziraldo | Edited by Ali Cybulski | Published on 06/17/2025

Planning to retire can feel like a daunting task, especially if you’re unsure how much to save to maintain your lifestyle. However, building a nest egg for your golden...

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HRA vs. HSA: What’s the Difference?
HRA vs. HSA: What’s the Difference?
Written by Theresa Stevens | Edited by Sarah Fisher | Published on 06/13/2025

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) both provide tax advantages and can help you pay for certain medical expenses. They also differ in key ways to know if...

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What Is the Prime Rate Today?
Written by Theresa Stevens | Edited by Ali Cybulski | Published on 06/11/2025

The prime rate today is 7.50%. This is the interest rate that banks and other lenders offer to borrowers with the strongest credit histories, known as “prime borrowers.”

Understanding the prime interest...

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What Is Check Fraud? How to Avoid Getting Scammed
What Is Check Fraud? How to Avoid Getting Scammed
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 06/06/2025

While contactless payment methods are increasingly popular, paper checks still play a role in our financial ecosystem. According to the FBI, check fraud is on the rise, with suspicious activity reports...

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What to Know About Treasury Inflation-Protected Securities (TIPS)
What to Know About Treasury Inflation-Protected Securities (TIPS)
Written by Theresa Stevens | Edited by Michael Kitchen | Published on 05/30/2025

Treasury inflation-protected securities (TIPS) are U.S. Treasury bonds that can help protect you from inflation by adjusting in value as prices change. This can support keeping the purchasing power of your...

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What Is Regulation D in Banking?
What Is Regulation D in Banking?
Written by Theresa Stevens | Edited by Michael Kitchen | Published on 05/29/2025

Regulation D is a set of government rules for banks and credit unions. Regulation...

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What Is the Federal Reserve?
What Is the Federal Reserve?
Written by Tara Mastroeni | Edited by Rebecca Stropoli | Published on 05/23/2025

Key takeaways

  1. The Federal Reserve was formed by the Federal Reserve Act of 1913 to help create a safer and more stable financial system for the...
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Survey Says: 59% Who Aren’t Retired Fear They Won’t Get Social Security Benefits
Survey Says: 59% Who Aren’t Retired Fear They Won’t Get Social Security Benefits
Written by Carol Pope | Published on 5/19/2025

“It’s not like Social Security will be there when I retire, anyways.” You’ve probably heard it before. According to a DepositAccounts survey, chances are you’ve even said it yourself.

Among our nonretired survey respondents, 59% say...

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Credit Union vs. Bank: Which Should You Choose?
Credit Union vs. Bank: Which Should You Choose?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 05/19/2025

If you are trying to choose between a bank and a credit union, you will need to understand some key differences. The main distinction is that a bank is typically a...

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