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.

Featured Savings Rates

Popular Posts

Featured Accounts

Bank Deals Blog: Savings & MMA Deals

CIT Bank Ups Money Market Account Rate To Very Competitive Level
Deal Summary: Money Market Account, 1.85% APY on all balances, $100 minimum opening deposit.

Availability: Nationwide (internet bank)

This morning, CIT Bank raised the rate of its Money Market Account by 10 bps to 1.85% APY on all balances. CIT Bank introduced the Money Market Account about two months ago on March 13th. Minimum opening deposit is $100, and there is no monthly maintenance fee. There was no rate change on the Premier High Yield Savings Account. Its rate has remained at 1.55% APY since early January.

Continue Reading
Personal Savings Account and CD Rate Hikes at American Express National Bank
Deal Summary: American Express Personal Savings account (1.60% APY); no minimum balance.

Availability: Nationwide (internet bank)

American Express National Bank raised its American Express Personal Savings account (Personal Savings) by 5 bps to 1.60% APY. Much larger rate increases were made to five CDs with yield gains that ranged from 35 bps to 160 bps. All five of the new CD APYs plus the new Personal Savings account APY are shown below in bold and are effective as of 5/24/2018. The previous APYs are noted inside parentheses.

...
Continue Reading
Barclays Raises Online Savings Account Rate
Deal Summary: Online Savings Account (1.65% APY); no minimum balance.

Availability: Nationwide (internet bank)

This morning Barclays raised its Online Savings Account rate by 15 bps. The new rate is now 1.65% APY. It has been exactly four months since Barclays’ last savings account rate hike. The old 1.50% APY was pretty competitive back in January, but this rate had fallen behind the competition as several other internet banks have raised their savings account rates in the last few months. It was just over a year ago when Barclays...

Continue Reading
Radius Bank Boosts High-Yield Savings To 1.86% APY ($25k+)
Deal Summary: Radius High-Yield Savings, 1.86% APY ($25k+), 1.50% APY ($2.5k+), 0.05% APY ($10+).

Availability: Nationwide

Radius Bank (Radius) has recently restructured its Radius High-Yield Savings account, with increased APYs and new rate tiers: 1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+).

In the past ten months, Radius has added a total of 86 bps to the High-Yield Savings top APY in five rate increases. While most of those increases were modest, keeping the account outside the upper echelons of savings accounts,...

Continue Reading
Salem Five Ups Gold Star Money Market To 1.75% APY
Deal Summary: Gold Star Money Market, 1.75% APY, minimum opening deposit of $10 (in-branch) or $100 (online), $1 million maximum balance.

Availability: Nationwide

Salem Five has raised the rate on its Gold Star Money Market (GSMM) to 1.75% APY on all balances. This week’s 25 bps increase is the first rate change for the GSMM since it was introduced in January of this year.

The GSMM can be opened with a minimum deposit of $10 in-branch, or $100 online. The maximum allowed opening deposit is $1m. According...

Continue Reading
Popular Direct's 5-Year CD (3.05% APY) Leads Internet Banks
Deal Summary: 5-year Popular Direct CD, 3.05% APY, $10k minimum deposit.

Availability: Nationwide (internet bank)

A year ago, Popular Direct 5-year Popular Direct CD was earning 2.35% APY; as of yesterday, the rate is 3.05% APY. In a series of five rate increases, the APY has added 75 bps since early May 2017. The minimum deposit for the CD is $10k, with no stated balance cap.

A significant issue with Popular Direct CDs is the harsh Early Withdrawal Penalty (EWP). As stated on the CD Disclosure...

Continue Reading
Northpointe Bank Boosts Ultimate Savings To 2.05% APY ($25k+)

UPDATE 5/16/18: Existing Ultimate Savings account may qualify for new rate. See below for more details.

Deal Summary: Ultimate Savings - 2.05% APY on balances between $25k and $999,999.99 and 1.12% APY on balances below $2k.

Availability: Nationwide

In September 2016, Michigan-based Northpointe Bank introduced its Ultimate Savings, which at the time earned 1.12% APY on balances of $10k+, with a rate guarantee for “at least 12 months.” Since being added to the product line, the Ultimate Savings has had no rate changes, until now.

Continue Reading
Goldman Sachs Bank USA Raises Online Savings Account Rate
Deal Summary: Rate increase on the Online Savings Account (1.70% APY)

Availability: Nationwide

Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) increased the rate of its Online Savings Account by 10 bps to 1.70% APY. GS Bank was renamed to Marcus by Goldman Sachs in December.

Like past rate hikes, this new rate doesn’t make the savings account a rate leader, but it does position the savings account on the high end for the large internet banks, and it should put pressure on the other...

Continue Reading
Ally Bank Hikes Rates on Online Savings Account and CDs
Deal Summary: Rate increases: Online Savings (1.60% APY on all balances); Noteworthy CDs: 12-month (2.25% APY), 36-month (2.50% APY) - $25k minimum deposit, lower rates for smaller balances.

Availability: Nationwide (internet bank)

This morning, Ally Bank increased the rates of its Online Savings Account, both Raise Your Rate CDs and five of its High Yield CDs. The Online Savings Account rate went up 10 bps to 1.60% APY. For CDs, the 12-month and 36-month CDs had the most impressive rate gains. The 12-month CD rate for a $25k minimum deposit...

Continue Reading
United Bank's Advantage MMA Special Earns 1.95% APY
Deal Summary: Advantage Money Market Special, 1.95% APY, 180-day rate guarantee, minimum $500 opening deposit, new money, available only online.

Availability: Market area for the online Advantage Money Market Special includes CA, CT, DE, FL, GA, KS, KY, LA, MA, MD, ME, MO, NC, NE, NH, NJ, NY, OK, PA, RI, SC, TX, UT, VA, and WA.

United Bank is now offering an Advantage Money Market Special (1.95% APY), with a 180-day rate guarantee. A minimum $500 opening deposit of new money is required and there is no...

Continue Reading
Load More...