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

Banking 101: How to Cash a Check Without Going to the Bank
Banking 101: How to Cash a Check Without Going to the Bank
Written by Katherine Gustafson | Published on 2/19/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

With digital banking and peer-to-peer payment services on the rise, it can come as a surprise that people still pay each other using paper checks. For many, receiving a check may be an unusual experience, leading to the inevitable question: What to do with the thing?

The good news is that in this day and age, there’s no reason to stand in line...

Continue Reading
Banking 101: How to Find Your Check Routing Number
Banking 101: How to Find Your Check Routing Number
Written by Sage Evans | Published on 2/18/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

A routing number is a nine-digit number that is used as identification for banks and credit unions in the U.S....

Continue Reading
Banking 101: What is the difference between APR and APY?
Banking 101: What is the difference between APR and APY?
Written by Brittney Laryea | Published on 2/16/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

APR and APY can be confusing financial concepts, but knowing the difference between the two ways to calculate annual interest can help you make more informed decisions when saving and investing. Both APR and APY affect how much you earn or owe when applied to account balances.

In this article we will cover:
Continue Reading
Banking 101: What is Regulation D and How Does It Affect Me?
Banking 101: What is Regulation D and How Does It Affect Me?
Written by Kelly Dilworth | Published on 2/15/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

If you’ve ever parked your money in a savings account, you may have learned the hard way that you can’t...

Continue Reading
CD Interest, Bank 1099-INT Forms and Taxes
CD Interest, Bank 1099-INT Forms and Taxes

I first published this article several years ago. I thought this would be a good time to refresh this article as savers prepare their tax returns. Unless you hold a CD in an IRA or other retirement account, you have to pay taxes each year on the interest earned from a CD.

Interest from a CD is taxable whether the CD is from a bank or credit union. At credit unions, a CD is often called a share certificate and interest is often called dividends, but from the IRS perspective, there...

Continue Reading
Banking 101: Is Mobile Banking Safe? Should You Avoid it?
Banking 101: Is Mobile Banking Safe? Should You Avoid it?
Written by Katherine Gustafson | Published on 2/14/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

As more and more banks enhance their mobile applications and customers increasingly bank online, there is growing scrutiny on the safety of these transactions.

Many of us are asking the following questions: Is mobile banking safe? Is it better to stick to teller windows, paper checks and ATMs? Can we confidently use the digital resources that are making money management easier than ever?

Continue Reading
Banking 101: Everything You Need to Know About Money Orders
Banking 101: Everything You Need to Know About Money Orders
Written by Emily Long | Published on 2/10/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

Say you need to pay your utility bill, but the company doesn’t accept personal checks — and sending an envelope full of cash isn’t a safe option. Money orders are an alternative and secure form of payment to consider.

How money orders work

Money orders are like prepaid checks. You provide the funds upfront and fill out an order...

Continue Reading
Banking 101: Pay Off Debt or Save - How to Make the Right Choice
Banking 101: Pay Off Debt or Save - How to Make the Right Choice
Written by Kelly Dilworth | Published on 2/8/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

When you carry a substantial amount of debt but also need to grow your savings, it can be tough to figure out whether you should pay off debt or save money. Should you focus on shrinking your debt so that you pay as little interest as possible? Or, should you fund your savings so that you have enough...

Continue Reading
Banking 101: Checking vs. Savings Account
Banking 101: Checking vs. Savings Account
Written by Joni Sweet | Published on 2/5/2019

Note: This article is part of our Basic Banking series, designed to provide new savers with the key skills to save smarter.

Everyone needs a safe place to store their money, but deciding which type of bank account to open can be confusing. Should you open a checking account with a debit card that you can use for everyday purchases? Or is it better to consider a savings account, where you can build a rainy day fund?

While there’s no one-size-fits-all...

Continue Reading
The Best CD Rates in February 2019
The Best CD Rates in February 2019
Written by Lauren Perez and Ken Tumin

Editorial note: Any opinions, analyses, statements, reviews or recommendations expressed in this article are those of the authors' alone,...
Continue Reading
Load More...