|Joined: Nov 29, 2009||Comments: 499|
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About Ken Tumin
I started the BankDeals blog which eventually evolved into DepositAccounts.com as a hobby to help people find the best deals at banks and credit unions. My deals come from US banks and credit unions, both online and brick-and-mortar. Internet banks are creating more competition and better rates, but sometimes the best deals are local.
In addition to reports on deals, I also describe my experiences on opening accounts and dealing with the banks. Plus, I try to keep everyone updated on the important banking news relevant to savers.
I am NOT affiliated with any banks or institutions. I'm just another web surfer like you. My posts are based on what I find on institutions' websites, what they advertise and what the banks' customer service reps tell me. I also receive valuable help from readers who inform me of new rates and deals. Comments and emails are much appreciated.
Check with the institution for the latest and official information. Rates change very fast, and so the only official information is directly from the bank or credit union. I keep old posts with old rates for history's sake. A bank's rate history can be an important factor to consider. All posts are dated so you can see if the post may be out-of-date. You may contact me at ken depositaccounts.com.
Recent Blog Posts
This week, Essex Bank announced its limited time 13-month CD Promo (1.50% APY). To qualify for the stated promotional APY, a Cash Back Checking account must be opened along with the 13-month CD, and must be “remain open for the entire term of the CD or the effective rate of the CD will revert back to the (non-promotional) published rate in effect for the 13 month CD product at that time." If...Continue Reading
Cyprus Credit Union’s (Cyprus CU) 60-month CD has maintained its 2.30% APY for almost a year. The minimum deposit is $1k, with no stated balance cap.
The 60-month CD is also available as an IRA (Traditional and Roth) earning the same APY, with the same funding requirements.
Cyprus CU also has a “Dream CD” category, which is essentially an add-on CD with a $100k balance cap. The...Continue Reading
Last week, Tioga-Franklin Savings Bank (Tioga-Franklin) introduced its new Kasasa Cash account that earns 2.00% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.05% APY, with non-qualify balances earning 0.01% APY.
Kasasa Cash Checking Qualification Requirements
- At least 12 debit card purchases.
- Be enrolled in and receive eStatements.
- Be enrolled in and log into Online Banking.
The Kasasa Cash account has no minimum balance requirement or monthly service fee, but does require a $100 minimum opening deposit. Nationwide ATM...Continue Reading
South Dakota-based Security Savings Bank has recently raised the rate on its 14-month CD (1.40% APY). The minimum deposit is $7.5k, with no stated balance cap.
In January, I wrote about Security Savings Bank’s 48-month CD Special (2.06% APY), which had just had its first rate increase in almost three years; the 2.06% APY is still in effect today, nearly ten months later. The minimum deposit is $500, and...Continue Reading
Often the phrase, “limited time offer”, has to be taken with a grain of salt, as some of these offers last for months. On the other hand, there is no ambiguity concerning Coastal Heritage Bank’s limited-time 9-month CD Special (1.11% APY) that is only available for four days (September 28 – October 1, 2016).
The minimum opening deposit is for the stated limited-time APY is $1k, with a maximum balance cap of $250k. There is also a limit of one account per person.
According to...Continue Reading
Recent Community Posts
TS Bank has a recent blog post that describes its unique CD, called CDtwo: When rates change, our CDtwo®, a next-generation CD, gives you options - read more
Fidelity just issued this press release introducing its new Model CD Ladders: To help investors make the most of their hard-earned money, Fidelity read more
MyBankingDirect increased the top rate on its money market account from 0.80% to 1.00% apy. The new rate applies to balances of $25k+. The rate remains at read more
Surprised nobody is talking about it. . But the bottom line is a decline on savings & money market rates and a massive increase in the read more
I received the following email from Deposit Accounts showing large rate drops at Ally Bank. I don't see the drops at Ally. Anyone receive read more
I received an email from depositaccounts.com last night showing some yield changes on Ally Bank accounts. The Savings Account going from 1.00% to .85% and read more
Can the Bank of Japan's latest twist on its quantitative easing program survive it's own contradictions? The BOJ and its policy makers, led by Gov. read more
On 5/1/2015, I had 5 out of 12 Walmart transactions post as debits. You have to keep close track of your credit transactions or you may be read more
Ally Bank conducted an interesting survey to help promote their new cash back credit card: Cash is king when it comes to credit card rewards according to read more
The Consumer Financial Protection Bureau has fined Wells Fargo $100 million for what it calls "the widespread illegal practice of secretly opening read more
A few years ago, a lot of employers' benefits packages included joining a credit union. In 1996, almost 70 percent of organizations offered credit union read more
ATM robbery via "skimming" is increasing dramatically. According to FICO Card Alert Service, a company that monitors ATM activity for banks, ATM skimming read more
Last week SmartyPig reported the following news on their blog:We are excited to announce today that beginning November 1, 2016 SmartyPig accounts will be read more
From Time's Money:When the Federal Reserve meets later this month, the smart money now bets that talk of an interest rate increase will not be on the read more
Stroll into the airy Kit and Ace store on Woodward Avenue in Detroit and you're struck by the minimalist style that highlights the brand's comfortable, read more
A. Some credit cards are sweetening their sign-up bonuses or introducing other perks for new customers who spend a certain amount within the first couple read more
From Yahoo! Finance: An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise read more
For those who would like to follow the detailed figures released---- Next release will be Sept 30 8:30 am Sept. figures as well as July and Aug will read more
I use FF. When click on the Forum menu item the sub-menu appears, but the default action of showing the User Community seems to override any read more
Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank's goals.
If you regularly do IRA rollovers for your IRA CDs, this might be helpful. From an IRS press release: The Internal Revenue Service today provided a read more
I just listened to Ron Paul's info on the "coming" American currancy crisis and it is scary. Has anyone in this group purchased the books and read more
Saw FCB advertising this money market promotion. Looks like a good deal. 1% APY guaranteed for 6 months on all tiers Cash back from $100 to $1,000 read more
From the WSJ: Taken together, the latest Fed release suggested a rate increase is a possibility as early as September, but the Fed won’t commit to moving read more
From Reuters:Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for read more
From FT Santander UK is to halve the interest rate on one of its most popular accounts in a move other British banks are expected to follow as they adjust read more
This isn’t directly banking related, but for those of us who look to news sites for their banking and financial news, it’s nice to see these paywalls are read more
Slight rate increases were made to the bank’s 1-, 2- and 3-year terms. 1.29% APY 1-year CD (was 1.26%) 1.43% APY 2-year CD (was 1.41%) 1.68% APY 3-year read more