Featured Savings Rates
Featured Accounts

Ken Tumin

Joined: Nov 29, 2009Comments: 500
Forum Threads: 4,970Forum Posts: 5,737
Rep Points: 139,710
Ken Tumin

Contact via: Google Plus, Twitter, Facebook

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 All posts are dated so you can see if the post may be out-of-date.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

Ally Bank’s Deposit Agreement Changes - Next Day Transfers
Ally Bank

Ally Bank informed customers by email this morning of changes to its deposit agreement that will take effect on December 3, 2016. The email summarized the key changes which include faster ACH transfer speeds and improved funds availability for check deposits. I did a quick review of the new deposit agreement, and I don’t see other significant changes. If you see any, please leave a comment. The changes appear favorable to customers. Below is an excerpt from the email that includes all of the description of the changes....

Continue Reading
Geauga Savings Bank (OH) Adds 1.40% APY 7-Month CD
Geauga Savings Bank
Availability: Market area is northeast Ohio (Geauga, Cuyahoga, and Lake Counties), determined by Zip Code.

Over the weekend, Geauga Savings Bank added a 7-month CD Special (1.40% or 1.20% APY) to its product line.

The 1.40% APY requires an open Advantage Checking account during the term of the CD, while the 1.20% APY has no checking relationship requirement. The minimum deposit is $25k, with a maximum deposit of $245k.

The Advantage Checking account requires a $50 minimum deposit to open, and a $2k minimum balance is required to avoid...

Continue Reading
VirtualBank Raises Rates On Four CDs
Virtual Bank
Availability: Internet bank

There hasn’t been much occasion to write about any of VirtualBank’s products in almost 18 months. That changed over the weekend with the rate increases on its 12-month eCD (1.26% APY), 18-month eCD (1.31% APY), 2-year eCD (1.51% APY), and 3-year eCD (1.56% APY). These new rates are the highest for these eCDs in more than five years.

The minimum opening deposit for any of VirtualBank’s eCDs is $10k, with no stated balance cap. Interest is compounded and credited monthly.

As stated in VirtualBank’s Terms...

Continue Reading
NuVision FCU (Easy Membership) Has Competitive 5-Year CD
NuVision Federal Credit Union
Availability: Easy Membership Requirements

The rates on NuVision Federal Credit Union’s (NuVision) 5-year Certificate (up to 2.20% APY) have remained steady for more than two years, and with the recent decline in rates, have become inherently more competitive.

NuVision structures its Certificate rate tiers in 5 basis points increments, for minimum deposits of $1k, $25k, $50k, and $100k.

The 5-year Certificate is also offered as an IRA (Traditional, Roth, CESA, and SEP), earning the same tiered APYs with the same funding requirements.

As stated in NuVision’s Truth In Savings...

Continue Reading
Orion FCU (TN/MS/AR) Adds 100 Basis Points To Premium Checking APY
Orion Federal Credit Union
Availability: Residents of three Tennessee counties, two Mississippi counties, and two Arkansas counties, all in the greater Memphis metropolitan area; 30+ SEGs.

At the beginning of October, Orion Federal Credit Union (Orion FCU) raised the rate on its Premium Checking account. Qualifying balances up to $20k now earn 3.00% APY, with qualifying balances over $20k earning 0.05% APY. Non-qualifying balances do not earn any interest.

The Premium Checking account was added to the product line in November 2014, earning an unimpressive 1.00% APY. The rate increased to...

Continue Reading

Recent Community Posts

Update To Ally Bank Deposit Agreement Effective 12/3/16
Updated: 1 hour ago by Ken Tumin  |  1 comment  |  Financial News

From an email received this morning, upcoming changes include the ability to complete qualified transfers between your Ally and non-Ally accounts in 1 read more

Internet Attack Disrupts Major Websites
Updated: 20 hours ago by cumulus  |  3 comments  |  Financial News

SAN FRANCISCO - Major websites were inaccessible to some East Coast users in the United States Friday morning and to people across the country in the read more

Couple Finds $23K Of Cash Hidden In Their House
Updated: 23 hours ago by Ally6770  |  1 comment  |  Financial News

From the Daily Mail: A couple renovating their home got quite the surprise recently, when they found a stash of cash in a suitcase hidden in the ceiling read more

Fake Pennies Placed By Bank Worth $1,000 Each
Updated: Oct 22, 2016 by Saver5  |  2 comments  |  Bank Deals

Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake read more

NCUA Board To Consider Final Field Of Membership Rules On Oct. 27
Posted: Oct 21, 2016 by Ken Tumin  |  0 comments  |  Financial News

The NCUA board on Oct. 27 will consider a final rule revising the agency’s Field of Membership regulations—a move that could set up a contentious fight read more

Will Local Branches Survive Banking's Digital Transformation?
Posted: Oct 20, 2016 by Ken Tumin  |  0 comments  |  Financial News

 It’s true that 1,614 branches in America were closed last year, but surprisingly, almost 38% of banking is still occurring within the walls of the read more

Regulators Order Banks To Brace For Cyberattacks
Posted: Oct 20, 2016 by Ken Tumin  |  0 comments  |  Financial News

Big banks will have to toughen up their cybersecurity practices to protect customers against attacks, according to proposed new regulations. Under the new read more

I Trolled My IRS Scammers For Weeks. I Learned Something Really Dark.
Updated: Oct 19, 2016 by paoli2  |  2 comments  |  Financial News

These scammers had called me so many times that I knew their script. They always introduced themselves as IRS officers with inconspicuous American names, read more

ICU Week CD Specials In Kansas - 1.26% 16Mo & 1.36% 29Mo
Posted: Oct 19, 2016 by Ken Tumin  |  0 comments  |  Bank Deals

After a lot of searching, I finally found another credit union offering CD specials for the International Credit Union week. Unfortunately, the specials read more

Navy Federal
Updated: Oct 18, 2016 by Ken Tumin  |  1 comment  |  Ask The Community

Does anyone know why there are no rates posted for Navy Federal CU? Can someone tell me what the EWD is for their 1 year and 5 year CDs? Thanks!

AARP: Any Social Security COLA Would Be Better Than $0
Posted: Oct 17, 2016 by Ken Tumin  |  0 comments  |  Financial News

Social Security benefits are modest - recipients got an average of $1,341 a month in 2016 - and inflation can take a painful bite out of recipients' read more

Cashing Out: ATMs Try To Stop Wave Of Cyberattacks
Posted: Oct 17, 2016 by Ken Tumin  |  0 comments  |  Financial News

The ATM is the newest front in the war against cyberthieves. A year after millions of U.S. merchants began installing equipment at the check-out line to read more

Former Birmingham Financial Federal Credit Union CEO Sentenced To 18 Years
Posted: Oct 16, 2016 by Ken Tumin  |  0 comments  |  Financial News

Former Birmingham Health Care CEO Jonathan Dunning was sentenced to 18 years in prison Friday for his role in a $13.5 million fraud scheme that siphoned read more

Is The Fed's Next Decision On Rates All About Politics?
Posted: Oct 16, 2016 by Ken Tumin  |  0 comments  |  Financial News

When the Federal Reserve meets next month, the question of will they or won't they hike interest rates will be clouded by the fog of presidential politics.

Safety Of Online Banking
Updated: Oct 15, 2016 by Ricochet  |  7 comments  |  Miscellaneous

Hi. I'm thinking of opening up an online savings account at either Ally, Synchrony, or American Express for their better interest rates than the banks in read more

Inflation Is Picking Up -- Slowly
Posted: Oct 15, 2016 by Ken Tumin  |  0 comments  |  Financial News

Waiting for inflation to accelerate has been like watching grass grow -- it just seems even more interminable. Consumer prices, though, have edged up the read more

Is Penfed Going Too Far In Their Advertising?
Updated: Oct 15, 2016 by Bozo  |  1 comment  |  Miscellaneous

Just saw PenFed’s TV commercial while watching business news this morning. Their tagline in the ad was “great rates for everyone.” At the end of the read more

Wells Fargo CEO Retires Under Fire
Updated: Oct 14, 2016 by Bozo  |  3 comments  |  Financial News

John Stumpf, the embattled CEO of Wells Fargo (WFC), retired from the company effective Wednesday. Stumpf's move comes just weeks after he was grilled by read more

Wells Fargo Skit From Saturday Night Live
Updated: Oct 12, 2016 by lou  |  2 comments  |  Financial News

Townspeople (Kyle Mooney, Bobby Moynihan, Aidy Bryant, Pete Davidson, Kenan Thompson, Sasheer Zamata, Kate McKinnon, Melissa Villaseñor) await the arrival read more

12-Month CD Special & MM Special In The DC Metro Area
Posted: Oct 11, 2016 by Ken Tumin  |  0 comments  |  Bank Deals

I just received an email from a reader informing me of two deposit specials at Maryland-based Capital Bank (not Capital One): * 1.20% apy 12-month CD, min read more

Wells Fargo Managers Pushed Overdraft Services
Updated: Oct 11, 2016 by Bozo  |  1 comment  |  Financial News

Wells Fargo & Co. managers pushed bankers to sign up customers for potentially costly overdraft protection that they didn't always need or realize read more

Updated: Oct 10, 2016 by Ken Tumin  |  1 comment  |  Bank Deals

15-MONTH SELECT CD 1.25% APY special promotional rate/term available through 11/07/2016Automatically renews into 12-Month High Yield CDYour deposits are read more

Keep This In Mind On Cyber Security Awareness Month
Updated: Oct 9, 2016 by Ally6770  |  1 comment  |  Financial News

Article provides a good example of going beyond usernames and passwords: After you have inputted your password, the site you are attempting to access will read more

Model CD Ladders: Fidelity's New Feature For Brokered CD Investors
Updated: Oct 8, 2016 by Bozo  |  5 comments  |  Financial News

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

Quroum 1.40% 10-Month Term Account Over?
Updated: Oct 5, 2016 by Anon456  |  4 comments  |  Bank Deals

It's no longer on current rate chart, Quorum's Current Rates | Quorum

Why Insurers And Banks Want To Know Your Job Title
Updated: Oct 4, 2016 by Bozo  |  3 comments  |  Financial News

Your job pays the bills - but your job title might make some of those bills bigger. Lenders and car insurers look at customers' occupations when setting read more

Penfed Ups Short-Term CD Rates - Long-Term CDs Remain Disappointing
Updated: Oct 4, 2016 by Bozo  |  4 comments  |  Bank Deals

The good news is that PenFed increased its CD rates at the start of October. The bad news is that their long-term CD rates remain very uncompetitive. read more

Two Sentenced In Credit Union Ponzi Scheme
Posted: Oct 3, 2016 by Ken Tumin  |  0 comments  |  Financial News

A former CEO and her assistant received federal prison sentences last month for running an $18 million Ponzi scheme out of a Texas credit union by selling read more

How To Protect Your Social Security Number After A Hack
Posted: Oct 3, 2016 by Ken Tumin  |  0 comments  |  Financial News

If you clicked here just to confirm that you have nothing to worry about, sorry - there's plenty to worry about. This is the part in the movie when the read more

How To Uncover Any Fake Bank Accounts In Your Name
Updated: Oct 2, 2016 by Frank Walker  |  1 comment  |  Financial News

In early September, regulators hit Wells Fargo with $185 million in fines for creating millions of fake bank and credit card accounts from 2011-2015. More read more