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.


Popular Posts

Bank Deals Blog: Checking & Reward Checking Deals

Rising Bank Hikes CD, No-Penalty CD, and Rising CD Rates
Deal Summary: 15-month No Penalty CD, 1.75% APY, $1k minimum deposit, early closure only. Rising CDs – 18-month, 2.25% APY, $5k min/$1m max deposit; 36-month, 2.85% APY, $25k min/$1m max deposit, bump-up and add-on options.

Availability: Internet bank

Rising Bank, the internet division of Missouri-based Midwest BankCentre, ended last week with across-the-board rate increases, with the 15-month No Penalty (NP) CD now earning an impressive 1.75% APY. The minimum opening deposit is $1k, with no stated balance cap.

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Genisys Credit Union Hikes 7-Month Share Certificate Special Rate
Deal Summary: 7-month Share Certificate Special, 1.25% APY, $500 minimum deposit.

Availability: Easy membership requirement

In March, Michigan-based Genisys Credit Union (Genisys) added a 7-month Share Certificate Special (SCS) offering a good, but not great APY. Genisys recently added 50 bps to the 7-month SCS, boosting the rate to 1.25% APY. The 7-month SCS can be opened with a $500 minimum deposit, with no stated balance cap.

As stated on the Savings Certificates page,

Dividends are paid and compounded quarterly and can be...

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Evansville Teachers Federal Credit Union Boosts 8-Month CD Rate
Deal Summary: 8-month CD, 1.25% APY, $1k minimum deposit

Availability: Easy membership requirement

Indiana-based Evansville Teachers Federal Credit Union (ETFCU) is best known for its rewards checking account, Vertical Checking. Added to the product line more than seven years ago, Vertical Checking has been earning 3.30% APY on qualifying balances up to $20k since mid-2019.

With the exception of a few months in 2020, ETFCU CDs have not offered competitive rates, so I was surprised when I saw that the 8-month CD currently has an APY of...

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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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    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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    Rising Bank No-Penalty CD and Rising CDs Have New Competitive Rates
    Deal Summary: 15-month No Penalty CD, 1.50% APY, $1k minimum deposit, early closure only. Rising CDs – 18-month, 1.50% APY, $5k min/$1m max deposit; 36-month, 2.25% APY, $25k min/$1m max deposit.

    Availability: Internet bank

    Last week, Rising Bank, the internet division of Missouri-based Midwest BankCentre, boosted the rate on its 15-month No Penalty (NP) CD from 0.65% APY to an impressive 1.50% APY. The minimum opening deposit is $1k, with no stated balance cap.

    When I first wrote about the 15-month NP...

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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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