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

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...

Continue Reading
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...

Continue Reading
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.

Continue Reading
Fed Keeps Rates Steady, Warns of Rising Economic Risks
Written by Ali Cybulski | Edited by Amanda Push | Published on 05/14/2025

The Federal Reserve left its key federal funds rate unchanged at its May meeting, as uncertainty about President Donald Trump’s tariffs cast a shadow over the U.S. economy.



Continue Reading
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....

Continue Reading
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...

Continue Reading
Series I Bonds: How They Work and Current Rates
Series I Bonds: How They Work and Current Rates
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 05/02/2025

Series I bonds are government-issued savings bonds that earn interest through a combination of a fixed rate and a variable, inflation-adjusted rate that changes every six months. Series I bond rates are currently 3.98% through Oct. 31, 2025. The...

Continue Reading
What Is a Money Order and How Do You Get One?
What Is a Money Order and How Do You Get One?
Written by Theresa Stevens | Edited by Ali Cybulski | Published on 05/01/2025

A money order is a prepaid check that allows you to safely send and receive guaranteed funds. Learn more about this convenient form of payment, including how it works...

Continue Reading
What Is a Market-Linked CD?
What Is a Market-Linked CD?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 05/01/2025

A market-linked certificate of deposit (CD) is a financial product with returns tied to the performance of a specific market index, such as the S&P 500. Unlike a traditional CD, which pays a fixed interest rate, a market-linked CD...

Continue Reading
What Is a Patriot Bond and How Does It Work?
What Is a Patriot Bond and How Does It Work?
Written by Theresa Stevens | Edited by Rebecca Stropoli | Published on 04/25/2025

A Patriot Bond was a special-edition Series EE savings bond the U.S. government issued between 2001 and 2011. Patriot Bonds were issued at a 50% discount off their face value and were set to mature over...

Continue Reading
Load More...