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

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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Do You Need a Rainy Day Fund If You Already Have an Emergency Fund?
Do You Need a Rainy Day Fund If You Already Have an Emergency Fund?
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 05/15/2025

When life throws you a curveball, it’s nice to have some emergency savings to fall back on. A rainy day fund can provide welcome relief when an unexpected expense crops up.

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How Banks Make Money
How Banks Make Money
Written by Katie Ziraldo | Edited by Rebecca Stropoli | Published on 05/09/2025

Banks and other financial institutions play a big role in our lives, as they are often responsible for both holding our hard-earned savings and lending us money when we need it....

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Sweep Account: What It Is and How It Works
Written by Tara Mastroeni | Edited by Ali Cybulski | Published on 05/08/2025

If you want to automate the process of transferring money from one account into another to help you maximize interest earnings, consider opening a sweep account. This type of account automatically...

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