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

Bank Deals Blog: Nationwide Deals

WebBank's 1-Year CD Earns 2.86% APY
Deal Summary: Time Deposits (CDs) – 6-month (2.46% APY), 1-year (2.86% APY), 2-year (3.00% APY), 3-year (3.10% APY), and 5-year (3.20% APY), $2.5k minimum deposit.

Availability: Nationwide (internet bank)

As promised in yesterday’s WebBank’s High-Yield Savings Account (2.40% APY) blog post, here’s a look at their Time Deposits (CDs). After more than 20 years as a “behind-the-scenes” player in the loan industry, WebBank began to offering several CDs on a nationwide basis late last year. The minimum opening deposit for any of the CDs is $2.5k.

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WebBank Offers 2.40% APY On Its Nationally Available Savings Account
Deal Summary: High-Yield Savings Account, 2.40% APY, $1k minimum deposit and balance.

Availability: Nationwide (internet bank)

The name WebBank might sound like just another internet bank that’s recently popped up on the banking horizon, but this Utah-based institution opened its doors in 1997. WebBank had been a “behind-the-scenes” player in the loan industry for more than 20 years, when they began to offer an online savings account and several CDs late last year.

There will be a separate blog post about the CDs on Monday, but here’s...

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Mountain America Credit Union Lowering Rates Tomorrow
Deal Summary: Some Term Deposit rates will be lowered on March 22, 2019.

Availability: Easy membership requirement

I was notified this morning that Mountain America Credit Union (MACU) will be lowering the rates on some of its Term Deposits (MACU’s version of CDs) tomorrow. The Term Deposits affected by the rate changes are:

Lowered APYCurrent APYTerm Deposit Length
2.75% APY3.25% APY24-Month Term (Regular, IRA, Roth, Plus)
3.00% APY3.51% APY24-Month Term (Youth)
2.80% APY3.00% APY30-Month Term (Regular, IRA, Roth, Plus)
2.90% APY3.51% APY30-Month Term (Youth)
2.90% APY3.35% APY36-Month Term (Regular, IRA, Roth, Plus)
3.15%...
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USF Federal Credit Union Offers 18-Month CD Special, 3.10% APY
Deal Summary: 19-month CD Special, 3.10% APY, $1k minimum deposit, new money, available through March 31, 2019.

Availability: Easy membership requirement.

Now through March 31, 2019, USF Federal Credit Union (USF FCU) is offering a 19-month CD Special, which earns 3.10% APY. The minimum deposit is $1k of new money, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty (EWP) for the 2-year CD applies to the 19-month CD Special, with partial withdrawals allowed. As stated in the Truth-in-Savings disclosure (part of the online application),...

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Colorado Federal Savings Bank Boosts 12-Month CD Rate (2.86% APY)
Deal Summary: 12-month CD (2.86% APY), $5k minimum deposit

Availability: Nationwide (internet bank)

Colorado Federal Savings Bank (CFSB) added 35 bps to its 12-month CD (2.86% APY) yesterday. This latest rate increase puts the 12-month just shy of being the top-rated nationally available 1-year CD (minimum deposits of $10k or less). The 12-month CD can be opened with a $5k minimum deposit, with no stated balance cap.

A total of 116 bps have been added to the 12-month CD in the past year in five rate...

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Discover Bank’s Latest Online Savings Account Bonuses
Deal Summary: $150 or $200 bonus when opening a new Online Savings account.

Availability: Nationwide (internet bank)

Discover Bank has been offering bonuses on new Online Savings accounts for several years. The latest one offers a bonus of up to $200 when opening a new Online Savings account by April 1, 2019. Here are the bonus details:

Bonus Requirements

  • Open an Online Savings account by April 1, 2019.
  • Use offer code NPBE319 when applying.
  • $150 bonus – fund with at least $15k by April 15, 2019.
  • $200 bonus – fund with at least...
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Capital One 360 Money Market®: Earn Up to $500 & a Top Rate on Qualifying Balances

This deal post was written by Lauren Perez

Deal Summary: $500 Bonus when you deposit $10k+ in new funds into a new 360 Money Market account and maintain at least $50k. $200 Bonus available when you maintain between $10k and $50k.

Availability: Nationwide

Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...

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Customers Bank Adds Nationwide High-Yield Savings, 2.50% APY
Deal Summary: High-Yield Savings Account, 2.50% APY, $25k minimum opening deposit, $25k minimum balance to earn stated APY.

Availability: Nationwide (with the exception of AK, AZ, HI, and NM) through online application only.

In July, Pennsylvania-based Customers Bank introduced its Ascent Money Market Savings Account (Ascent MMSA), which currently earns 2.25% APY (guaranteed through 12/31/2019) on balances of $25k+. Although it’s not readily apparent from the name, the Ascent MMSA is actually a savings account, not a money market account.

This week, a new Customers Bank savings account...

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MemoryBank Nudges Online Money Market To 2.45% APY
Deal Summary: Online Money Market Account, 2.45% APY on balances up to $1 million, $50 minimum opening deposit

Availability: Nationwide (internet bank)

While this week’s addition of 5 bps is a modest increase, the new 2.45% APY puts MemoryBank’s Online Money Market Account (OMMA) near the top for nationally available money markets. Added to the product line about nine months ago, the OMMA has added a total of 60 bps in four rate increases. The 2.45% APY applies to balances between $0.01 and $1 million, with balances...

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My eBanc Ups Super Saver Money Market To 2.25% APY
Deal Summary: Super Saver Money Market, 2.25% APY ($100k+), 2.00% APY (less than $100k), $5k minimum opening deposit.

Availability: Nationwide, internet bank

Two years ago, My e-Banc introduced its Super Saver Money Market Account (MMA), offering 1.11% APY on all balances. Following several rate increases and restructuring, the Super Saver MMA now has tiered APYs: 2.25% APY on balances of $100k and above, and 2.00% APY on balances below $100k.

Super Saver MMA Details

  • Opening Deposit – a minimum of $5k.
  • Check Writing – up to six...
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