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.

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Bank Deals Blog: Bank Health

DepositAccounts Releases Annual Top200 Bank & Credit Union Lists

DepositAccounts.com has released its list of the 2021 Top 200 Healthiest Banks and Credit Unions in America.

DepositAccounts.com evaluates the financial health of federally-insured banks and credit unions in the United States once per quarter and has been tracking healthy institutions since 2010. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.

For a complete listing of the 2021 Top 200 Healthiest Banks and Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx.

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What’s NOT Protected by FDIC Insurance

One of the things that help many of us feel a little more secure about the money we have in the bank is the fact that it should be protected by the FDIC. We like to know that our money is relatively safe. Even if the bank fails, we will be able to access our money, either by having it automatically transferred to an acquiring bank, or by having it given to us by the FDIC. The Federal Deposit Insurance Corporation provides a way for you to get your...

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Is Your Money Safe from Financial Institution Failure? FDIC and NCUA

Before putting your hard earned cash in any deposit account, it is a good idea to consider whether or not the financial institution is covered by some sort insurance that guarantees that your money will not be lost to you if the institution should fail. There are organizations that cover banks and credit unions in the event of a failure, ensuring that you will have access to your money – even if the financial institution goes down. For most financial institutions, this means either FDIC insurance, or insurance obtained by...

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