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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

The Best Money Market Account Rates in January 2020
The Best Money Market Account Rates in January 2020
Written by Lauren Perez and Ken Tumin

Editorial note: Any...
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The Best CD Rates in January 2020
The Best CD Rates in January 2020
Written by Lauren Perez and Ken Tumin

Editorial note: Any...
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The Best Checking Accounts in January 2020
The Best Checking Accounts in January 2020
Written by Lauren Perez and Ken Tumin

Editorial note: Any...
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Best No Penalty CD Rates
Best No Penalty CD Rates
Written by James Ellis | Updated on 1/3/2020

Certificates of deposit (CDs)...

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Banking 101: Using a Flexible Spending Account (FSA) for Medical Expenses
Banking 101: Using a Flexible Spending Account (FSA) for Medical Expenses
Written by Joni Sweet | Published on 1/3/2020

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

A flexible savings account (FSAs) is a savings account dedicated for select medical costs. You fund the account with pretax contributions from your paycheck, and you can use the money for eligible expenses. Your health insurance plan does not cover all your medical expenses — copays, prescriptions and lab charges are...



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Review of the Qapital App
Review of the Qapital App
Written by Sarah Berger | Published on 12/20/2019

Fintech app Qapital aims to help you manage the process of saving, spending and investing your money. With customized investment portfolios and automatic savings rules, Qapital offers a large arsenal of tools designed to help you reach your short-term and long-term financial goals. 

While Qapital offers lots of features, its many bells and whistles can get pretty complicated. Unfortunately, keeping track of all Qapital’s options, how to use them and figuring out...

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Review of Barclays' Savings and CD Rates
Written by Mitchell Grant | Published on 12/18/2019

Barclays is one of the largest and oldest banks in the world, originally founded by two London bankers in 1690. The bank has flourished in the intervening three centuries, and while it’s still headquartered in the U.K., it has branched out to become a multinational corporation with operations in over 40 countries.

Barclays offers the full spectrum of financial products via its many international business units, including credit cards, loans and wealth management...



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Fed Meeting: the Pause Returns - Review of Impact to Savers
Fed Meeting: the Pause Returns - Review of Impact to Savers

The Fed decided today to hold rates steady. The target range of the federal funds rate remains at 1.50% to 1.75%. The following is an excerpt of today’s FOMC statement with the all important rate description:

All of the FOMC voting members voted for today’s policy action. Unlike the last four meetings, no one dissented.

Summary of Economic Projections

In addition to the statement, the Fed released an updated summary of economic projections (SEP). In the first table of this summary, you can see the Fed’s economic projections for future years and...

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Over 50% of Americans Fear Recession Will Destroy Their Finances
Over 50% of Americans Fear Recession Will Destroy Their Finances
Written by Sarah Berger | Published on 12/3/2019

Recession — if that’s a word that sends a shiver down your spine, you’re not alone. A new survey from DepositAccounts, a LendingTree company, found that four in 10 people have lost sleep worrying about a potential recession, and even more say their finances will be “destroyed” if one hits within the next year.

For many people who endured the financial crisis of 2008, this worrying is not unwarranted. One report found that during the Great Recession, 8.8 million jobs and $19.2...

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Banking 101: What a Patriot Bond Is and What to Do With It
Banking 101: What a Patriot Bond Is and What to Do With It
Written by Dillon Thompson | Updated on 11/25/2019

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

Savings bonds are low-risk investments backed by the U.S. government. After you purchase the bond, you’ll get back the principal, plus interest.

Several types of savings bonds exist, and not all earn interest the same way. For example, Patriot Bonds, which are classified as Series EE bonds, are guaranteed to double in value after 20 years, provided they were...

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