Advertising Disclosure

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

Fed Projections Show Zero Rates Through 2023 - Strategies for Savers
Fed Projections Show Zero Rates Through 2023 - Strategies for Savers

At the completion of its two-day FOMC meeting, the Fed announced a policy that’s inline with its new inflation strategy. In summary, the policy suggests that we won’t see a Fed rate hike for a long time, a period that's even longer than what was suggested at previous Fed meetings. The Fed also released updates to its Summary of Economic Projections (SEP) which includes federal funds rate forecasts that now extend out through 2023. Based on the FOMC statement and the SEP, it looks very unlikely that the Fed will...

Continue Reading
The Best Cash Management Accounts in September 2020
The Best Cash Management Accounts in September 2020
Written by Sarah Berger and James Ellis | Updated on 9/12/2020

Continue Reading
How to Buy Gold: 5 Ways to Invest or Buy Bullion
How to Buy Gold: 5 Ways to Invest or Buy Bullion
Written by Sarah Berger | Published on 9/10/2020

 

When it comes to adding gold to your portfolio, there are two main courses of action: Buying physical gold, and buying gold through an investment vehicle. Gold is often considered a solid commodity investment, and it is perceived by many as a safe haven during times of market turmoil.

If you’re interested in adding gold to your arsenal, you cannot simply stroll into a bank and begin buying up gold bars. Here’s what...

Continue Reading
Best No Penalty CD Rates in September 2020
Best No Penalty CD Rates in September 2020
Written by James Ellis | Updated on 9/09/2020

Certificates of deposit (CDs)...

Continue Reading
Over 8 in 10 Americans Shifted Financial Priorities Due to Pandemic, Focusing More on Debt and Emergency Funds
Over 8 in 10 Americans Shifted Financial Priorities Due to Pandemic, Focusing More on Debt and Emergency Funds
Written by Sarah Berger | Published on 9/9/2020

 

The COVID-19 pandemic has resulted in a lot of changes, ranging from the postponement of major life events to the way companies do business. A new survey from DepositAccounts reveals that consumers’ financial priorities are no exception.  

In fact, our survey of over 1,000 Americans found that an overwhelming 82% of respondents said the coronavirus pandemic has caused them to change their financial priorities in some way. Perhaps the silver lining of the...

Continue Reading
What Is Online Bill Pay? How It Works and Why to Use It
Written by Ken Tumin | Published on 9/03/2020

 

Online bill pay is a helpful tool that allows you to pay multiple bills to different providers from one central dashboard. Most financial institutions have adopted online bill pay as a core product feature of the bank accounts they offer, typically at no additional cost. This article covers everything you need to know about online bill...

Continue Reading
How to Make a Cash Deposit
Written by Chris O'Shea | Published on 9/3/2020

 

There are a variety of ways to make a cash deposit – from using an ATM to visiting a local credit union. The benefits of making a cash deposit instead of stashing cash at your residence include insurance via the FDIC, personal security and more. Below, we take you through how you can make a cash deposit, as well as alternative options you may want to explore.

In this article we will...
Continue Reading
What Is a Medical Savings Account?
Written by Sarah Berger | Published on 9/3/2020

 

Medical savings accounts are one of several types of tax-advantaged savings accounts designed to help consumers save on healthcare expenses. 

In recent years, though, medical savings accounts have been rapidly replaced with a similar type of savings account, called a health savings account. Still, certain types of medical savings accounts – such as Medicare...

Continue Reading
Banking 101: Daily ATM Withdrawal Limits at Popular Banks – and How to Avoid Them
Banking 101: Daily ATM Withdrawal Limits at Popular Banks – and How to Avoid Them
Written by | Published on 8/28/2020

 

If you keep your money at one of the 20 largest banks in the country, your checking account likely will have a daily ATM withdrawal limit between $300 and $5,000. ATM withdrawal limits can differ from person to person, however, and they are often determined by a number of factors, including what type of account or product...

Continue Reading
Average Savings by Age
Written by Ken Tumin | Published on 8/28/20

 

The total average savings balance is $34,730, while the average retirement balance is $287,736, according to a 2019 report by MagnifyMoney. As you age, however, some of your savings needs increase, such as ensuring you have enough stashed away to retire. On the other hand, some of your expenses may decrease, such as the...

Continue Reading
Load More...