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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.


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Bank Deals Blog: Savings & MMA Deals

BHCU (PA) Offers Competitive Black Friday 6-Month CD
Deal Summary: Black Friday 6-month Certificate, 2.70% APY or 5.38% APY (with active iSAVE savings account), $500 min/$2,020 max deposit, new money, only available November 27, 2020.

Availability: Residents of Delaware County, Pennsylvania.

Thanks to the DA reader who informed me about this Black Friday CD special available at BHCU (formerly Boeing Helicopters Credit Union). CD specials have been rare this year, so it’s nice to see this Black Friday CD special even though it isn’t widely available and there is a small maximum deposit.

Available on November 27, 2020...

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Merchants Bank of Indiana Money Market Currently Offers Leading Rate
Deal Summary: Money Market Account, 1.00% APY on all balances up to $1 million, $50 minimum opening deposit.

Availability: Nationwide through online application.

I would like to thank DA reader, enelrad112, for the Forum post about Merchants Bank of Indiana’s (MBoI) nationally available Money Market Account (MMA), which currently earns 1.00% APY on balances up to $1 million. The MMA requires a $50 minimum opening deposit.

Added to MBoI’s product line in early 2019, the MMA’s initial rate was 1.75% APY, which remained in effect until March 2020....

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Old Missouri Bank Kasasa Cash Available In 15 States
Deal Summary: Kasasa Cash, 2.01% APY on qualifying balances up to $25k; Kasasa Saver, 1.00% APY on qualifying balances up to $100k.

Availability: Market area for Kasasa Cash/Saver includes AR, CO, GA, IL, IN, IA, KS, KY, MN, MO, NE, OH, OK, TN, and TX.

Since I last wrote about Old Missouri Bank’s (OMB) Kasasa Cash account in 2017, the online market area has expanded to include an additional six states. Unfortunately, the APY was reduced from 3.01% to 2.01% about six months ago, but the $25k qualifying balance...

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Bogota Savings Bank (NJ) Offers Top Money Market Rate Statewide
Deal Summary: Anniversary Money Market Checking, 1.00% APY, $75k minimum opening deposit.

Availability: New Jersey through online application.

Bogota Savings Bank’s Anniversary Money Market Checking (AMMC) currently earns 1.00% APY on balances of $75k and above. The three other rate tiers are significantly lower: 0.25% APY ($50k), 0.20% APY ($15k), and 0.05% APY ($1). The AMMC requires a minimum $75k opening deposit.

Check writing is available and the initial Money Market checks are free when opening a new AMMC. The AMMC comes with a Master Money...

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Canvas Credit Union (CO) Has Competitive 22-Month CD Special
Deal Summary: 22-month CD Special, 1.15% APY, $1k minimum.

Availability: Colorado residents; Partner Companies and Select Employee Groups; possible easy membership requirement.

Canvas Credit Union (Canvas CU) has been offering a 22-month CD Special since late June, with the initial 1.15% APY still in effect. The minimum opening deposit is $1k, with no stated balance cap.

Canvas CU no longer includes it Truth-in-Savings disclosure on the website, but CSR confirmed the Early Withdrawal Penalty has not changed:

Reverse Tier Savings Account

In late 2017, Canvas CU introduced its...

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First Central Savings Bank's E-Premier MMA Available Nationwide
Deal Summary: E-Premier Money Market, 0.90% APY ($50k), 0.55% APY ($25k), 0.35% APY ($10k), $10k minimum opening deposit.

Availability: Nationwide through First Central Direct (online division).

I last wrote about First Central Savings Bank (First Central) more than three years ago, following the introduction of the E-Premier Money Market account. At that time, all three deposit tiers ($10k, $25k, $50k) earned the initial 1.10% APY. Currently, the E-Premier MMA earns tiered rates of 0.90% APY ($50k), 0.55% APY ($25k), and 0.35% APY ($10k). The minimum opening deposit...

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Gold Coast Bank Money Market Available Nationwide
Deal Summary: Money Market Account, 1.01% APY ($50k), 0.88% APY ($40k), 0.75% APY ($30k), 0.63% APY ($20k), 0.50% APY ($10k), 0.38% APY ($5k), 0.25% APY (up to $5k), $5k minimum opening deposit.

Availability: Nationwide through online application

Chicago-based Gold Coast Bank (GCB) is offering its Money Market Account (MMA) on a nationwide basis. The MMA has seven tiered APYs, ranging from a high of 1.01% APY ($50k+) to a low of 0.25% APY (up to $5k). The MMA requires a minimum $5k opening deposit.

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CommunityAmerica Credit Union's Competitive 14-Mo CD & Checking Bonus
Deal Summary: 14-month Share Certificate, 1.00% APY, $500 minimum deposit. $150 checking bonus.

Availability: Field of membership includes eight Kansas and three Missouri counties.

Added to the product line less than two months ago, CommunityAmerica Credit Union’s (CommunityAmerica) 14-month Share Certificate currently earns 1.00% APY. The minimum opening deposit is $500, with no stated balance cap.

The 14-month Share Certificate is also available as an IRA Share Certificate (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.

The 1.00% APY is, by far, the most competitive...

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Keesler Federal Credit Union FirstStep CD Is 1-Year Add-On CD
Deal Summary: 1-Year FirstStep Certificate, 1.05% APY, $25 minimum opening deposit, unlimited additional deposits ($10 minimum) throughout the term.

Availability: Easy membership in Alabama, Louisiana, and Mississippi.

In the last two years, I’ve written several blog posts that highlight the various deposit deals at Mississippi-based Keesler Federal Credit Union (KFCU). One product never caught my eye since the rate remained low, but that product has become very competitive as its rate has held while others have fallen. That product is the 1-year FirstStep Certificate (1.05% APY). It’s an...

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Severn Bank (MD) Offers Free Kasasa Cash Statewide
Deal Summary: Free Kasasa Cash, 3.00% APY up to $15k; Free Kasasa Saver, 1.00% APY up to $50k.

Availability: Maryland

Maryland-based Severn Bank began offering Kasasa brand products about 14 months ago. The Free Kasasa Cash Checking account has maintained its initial 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.20% APY, while non-qualifying balances earning 0.05% APY.

Qualification Requirements

  • At least 12 monthly debit card purchases.
  • One ACH, or Direct Deposit, or Bill Pay transaction per monthly qualification cycle.
  • Enrollment in eStatements.
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