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: Bank Bonuses and Promotions

Citadel (SE PA) Extends $300 Checking Account Bonus
Deal Summary: $300 bonus when opening a new checking account, total direct deposit of at least $500, available through December 31, 2022.

Availability: Residents of the Pennsylvania counties of Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia.

Citadel has extended its $300 bonus for new checking customers who open a new Cashback Rewards Checking account or a Free Checking account through December 31, 2022.

As stated in the New Account Cash Bonus disclosure,

The $300 bonus is only available to new checking customers, defined as those who have not “closed a Citadel...

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Teachers Federal Credit Union Has New Member Bonuses Up To $400
Deal Summary: New member checking bonuses, up to $400, available through July 31, 2022.

Availability: Easy membership requirement

Now through July 31, 2022, Teachers Federal Credit Union (TFCU) is offering cash bonuses up to $400 for new members who open a new TFCU checking account. According to the promotion page, the offers consists of two bonuses:

    As stated in the fine print of the promotion page,

    Smart Checking

    TFCU’s Smart Checking account is a rewards checking account (RCA) that currently earns 1.00% APY on qualifying balances up to $15k....

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    Alliant Credit Union Ups Rates On Its Nationally Available CDs
    Deal Summary: Share CDs – 18-23 month (2.00% APY), 60-month (2.80% APY), $1k minimum deposit.

    Availability: Easy membership requirement.

    Over the weekend, Chicago-based Alliant Credit Union (Alliant CU) posted across-the-board Share CD and Jumbo Share CD rate increases. As I was reviewing my Forum posts about previous Alliant’s Share CD rate changes, I noticed I used the phrase, “these rate increases are nothing to get excited about” often. That same sentiment applies to the recent 25-55 bps increases: I’m not that excited about them, but I’m...

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    KeyBank’s Checking Bonuses and Future Impact of Overdraft Fee Changes
    Deal Summary: $200 bonus when opening a new checking account now through June 17, 2022.

    Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, and WA.

    I’ve been reporting on KeyBank checking account bonuses since 2006. KeyBank has a long history of offering checking account bonuses, many of which get extended several times before new ones are introduced. The latest KeyBank bonus offer is one of these, and it has again been extended. Now through June 17, 2022, KeyBank is offering a...

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    M&T Bank Extends $150 and $250 Bonuses Through July 31, 2022
    Deal Summary: $150 or $250 bonus when opening a new checking account and establishing direct deposit now through July 31, 2022.

    Availability: Market area includes CT, DE, FL, MA, ME, MD, NH, NJ, NY, PA, VT, VA, WV, and the District of Columbia. Bonus eligibility is based on Zip Code.

    The checking bonus offered by M&T Bank that had an end-date of April 30, 2022 has been extended and is now available through July 31, 2022. The bonus is actually two bonuses: a $150 bonus when opening...

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    TD Bank Extends $200 Savings and $300 Checking Bonuses Again
    Deal Summary: $200 bonus, TD Beyond Savings or TD Simple Savings; $300 bonus, TD Beyond Checking; now through October 31, 2022.

    Availability: Available online in CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, and VT.

    Now through October 31, 2022, TD Bank is offering a $200 bonus when opening a new TD Beyond Savings or TD Simple Savings account, depositing at least $20k of new money (not currently held in a TD Bank retail deposit account) within 20 calendar days of...

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    US Bank Checking Account Bonus Pays Up To $400
    Deal Summary: $200 or $400 bonus when opening a new Silver, Gold, or Platinum Checking account. Available through June 13, 2022.

    Availability: Market area includes AR, AZ, CA, CO, FL, IA, ID, IL, IN, KS, KY, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, and WY. Individuals in other states with an existing US Bank relationship are also eligible.

    Now through June 13, 2022, US Bank is offering a $200 or $400 checking bonus when opening a new Platinum,...

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    Review of SoFi Checking and Savings Account and Its Market-Leading Rate
    Deal Summary: SoFi Checking and Savings account: 1.25% APY on all balances with direct deposit, 0.70% APY without direct deposit.

    Availability: Nationwide

    Earlier this year the financial technology (fintech) company SoFi Technologies (SoFi) acquired a bank charter, SoFi Bank, N.A. Before the bank charter, SoFi had been offering a checking-like account called SoFi Money via its partner bank, The Bancorp Bank. SoFi Money has been discontinued, and now SoFi Bank, N.A. is offering a product called “SoFi Checking and Savings.” This new account combo has two appealing features for...

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    SouthState Bank Extends $200 Checking Bonus In AL, FL, GA, NC, SC, VA
    Deal Summary: $200 new checking account bonus extended through June 30, 2022, direct deposit not necessary.

    Availability: Residents of AL, FL, GA, NC, SC, and VA.

    Now through June 30, 2022, SouthState Bank is offering a $200 bonus for opening a new personal checking account (in-branch or online) and completing two of three requirements (debit card purchases plus preauthorized automatic draft OR direct deposit) within 60 calendar days of account opening.

    As stated on the bonus promotion page, the “Eligibility & Qualifications” for the $200...

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    Update on SaveBetter - More Competitive Money Market and CD Rates
    Update on SaveBetter - More Competitive Money Market and CD Rates
    Deal Summary: Money Market (0.75% APY), 13-month CD (1.31% APY), 11-month CD (1.21% APY), $1 minimum balance.

    Availability: Nationwide

    It has been just over a year since my first review of the deposit platform, SaveBetter (SaveBetter.com). When I first reviewed SaveBetter, it lacked any compelling deposit products, but that has changed. SaveBetter platform is managed by Deposit Solutions LLC, a New York based company that is part of the large German financial technology company, Raisin GmbH. The SaveBetter platform allows savers to open deposit products at several partner banks under...

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