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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

Coronavirus Stimulus Package Includes Limited FDIC Coverage Expansion
Coronavirus Stimulus Package Includes Limited FDIC Coverage Expansion

The Coronavirus Aid, Relief, and Economic Security (CARES) Act that unanimously passed the Senate has a few little-known provisions that will likely be of interest to savers. The well-known provisions have been discussed at length by the media. These include the $1,200 tax rebates to most individuals, expanded unemployment benefits, billions of dollars for state and local governments and hospitals, and billions of dollars in loans for small and large businesses. The total cost of this package is close to $2 trillion. The bill is expected to pass the House...

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Best No Penalty CD Rates in March 2020
Best No Penalty CD Rates in March 2020
Written by James Ellis | Updated on 3/24/2020

Certificates of deposit (CDs)...

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Review of Citizens Access’ Savings Accounts and CD Rates
Written by Mitchell Grant | Published on 3/24/2020

 

Citizens Access bank is an online banking brand of Citizens Bank. Online banks like Citizens Access offer exceptional rates that tend to outshine traditional, established banks. Citizens Access has focused its efforts on only a few, very attractive high-yielding accounts.

In this article we will cover:
  • Citizens Access account features 
  • Citizens Access online...
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Banking 101: Checking vs. Savings Account
Banking 101: Checking vs. Savings Account
Written by Lauren Perez | Published on 3/23/2020

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

 

You need both a checking account and a savings account as basic tools for managing your personal finances. A checking account lets you handle day-to-day transactions, while a savings account keeps your money safe and...



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Safety of Your Deposits in the COVID-19 Pandemic
Safety of Your Deposits in the COVID-19 Pandemic

It was apparent last Sunday when the Fed held an emergency FOMC meeting and announced drastic policy actions, the COVID-19 (coronavirus) pandemic has the potential of seriously impacting the financial system. Also, as we learned from the 2008 financial crisis, when the financial system is under stress, bank failures rise dramatically. Thus, it’s reasonable that savers would be concerned about the safety of their deposits. To help ease those concerns, the FDIC published this March 18th press release for bank customers, and the NCUA published a similar March 19th press...

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The Best Checking Accounts in March 2020
The Best Checking Accounts in March 2020
Written by Lauren Perez and Ken Tumin

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

Editorial note: Any...
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The Best Money Market Account Rates in March 2020
The Best Money Market Account Rates in March 2020
Written by Lauren Perez and Ken Tumin

Editorial note: Any...
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The Best Cash Management Accounts in March 2020
The Best Cash Management Accounts in March 2020
Written by Sarah Berger and James Ellis | Updated on 3/18/2020

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Andrews Federal Credit Union CD Rate Lock Details

The original focus of the blog post was Andrews Federal Credit Union’s (Andrews Federal) competitive long-term Jumbo Share Certificates. Just as I was about to hit the publish button, rates at Andrews Federal plummeted, rendering the blog post useless. While these rate cuts are definitely disappointing, it’s likely Andrews Federal will be offering competitive CD rates in the future.

I would be remiss in not warning DA readers to expect similar cuts by other banks and credit unions, and I want to emphasize why it's important to understand the...

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