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

Oxford Bank (MI) Offers Kasasa Cash (2.50% APY up to $50k) State Wide
Deal Summary: Kasasa Cash, 2.50% APY on qualifying balances up to $50k.

Availability: Michigan

Currently available to all Michigan residents, Oxford Bank’s Kasasa Cash earns 2.50% APY on qualifying balances up to $50k. Qualifying balances over $50k earn 0.35% APY, with all non-qualifying balances earning 0.05% APY.

The rate is a little low for Reward Checking Accounts, but the $50k cap is way above the typical $25k cap and makes the account noteworthy.

The Kasasa Cash was added to the product line two years ago, with an initial...

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TAB Bank High Yield Savings Raised to 2.30% APY
Availability: High Yield Savings, 2.30% APY, $2.5k minimum balance and minimum opening deposit.

Availability: Nationwide

Utah-based TAB Bank has added 28 bps to its High Yield Savings account rate, with balances of $2.5k and above now earning 2.30% APY. Balances less than $2.5k earn only 0.25% APY. The High Yield Savings account requires a minimum opening deposit of $2.5k.

Interest is compounded daily and credited on a monthly basis. If the High Yield Savings account is closed before the interest is credited, the accrued interest will...

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Are You Eligible for $142 Million Wells Fargo Settlement?
Are You Eligible for $142 Million Wells Fargo Settlement?
Written by Dillon Thompson | Published on 1/20/2019

In July 2017, Wells Fargo agreed to pay $142 million to its customers in a settlement over the 3.5 million potentially fake accounts the bank admitted to opening without their permission.

The agreement means a payout for any account holders affected by the scandal, all of whom were given about nine months to file for reimbursement.

The deadline to file a claim was July 7, 2018. That date has passed, but it’s worth knowing whether you’re eligible for the Wells Fargo settlement, how...

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SFGI Direct Ups Savings Account Rate - Almost 10 Years of Top Rates
Deal Summary: Savings account, 2.27% APY, $500 minimum opening deposit

Availability: Nationwide (internet bank)

On Friday SFGI Direct increased the rate on its Savings Account by 20 bps to 2.27% APY. While the 2.27% APY applies to all balances of $1+, the account must be opened with a minimum deposit of $500.

SFGI Direct’s last rate increase was on November 5th. In the last year, SFGI Direct’s rate hikes have been gradual with increases between 5 and 20 bps. The rate hikes began in June 2017 when the rate...

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First Home Bank 18-Month CD (3.01% APY) Available Nationwide
Deal Summary: CD Specials – 18-month (3.01% APY), 15-month (2.72% APY), $1k min/$240k max deposit, new money.

Availability: Nationwide

Florida-based First Home Bank (1HB) has two nationally available CD Specials – 18-month (3.01% APY) and 15-month (2.72% APY). These limited-time CD Specials require a minimum $1k of new money to open and are capped at $240k.

According to CSR, the Early Withdrawal Penalty (EWP) for any 1HB CD is one-half of all interest earned, with partial withdrawals allowed.

Funding the CD Specials and accessing maturing funds can be...

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earn.bank Money Market Account Leads With 2.41% APY
Deal Summary: Money Market Account, 2.41% APY on all balances, $100 minimum opening deposit

Availability: Nationwide (internet bank)

Less than three months ago, earn.bank made its debut in the internet banking world, offering a Money Market Account (MMA) and two CDs. The MMA offered an initial (and respectable) 2.02% APY on all balances. Within one month, the rate jumped to 2.31% APY, securing a place as the top-rated nationally available money market account. As of today, the MMA now earns 2.41% APY on all balances and is...

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Premier America Credit Union Ups 16-Month CD Special, 3.15% APY
Deal Summary: 16-month Certificate Special, 3.15% APY, $1k minimum deposit

Availability: Easy Membership Requirement

Do you remember Premier America Credit Union’s (Premier America CU) 16-month Fall Certificate Special? In September, the 16-month CD Special earned 3.00% APY. Four months later, the CD Special is still available, but has a new name (New Year Certificate Special) and a new, improved rate of 3.15% APY. This limited-time offering can be opened with a minimum $1k, with no stated balance cap.

As stated in the Special Certificate...

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Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
Deal Summary: Share Certificates – 60-month (3.63% APY), 36-month (3.35% APY), $5k minimum deposit

Availability: Easy membership requirement

Two months ago, Connexus Credit Union (Connexus) caught the attention of DA readers by raising the rate on its 60-month Share Certificate (SC) to 4.00% APY. That rate lasted about three weeks before dropping to 3.50% APY, where it remained until today. The new 3.63% APY makes the 60-month SC a rate leader in the nationally available 5-year CD category.

Connexus also added 15 bps to its 36-month...

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Average Local Savings and CD Rates Reveal Why You Should Bank Online
Average Local Savings and CD Rates Reveal Why You Should Bank Online
Written by Lauren Perez

When looking around for the best deposit rates, you’ve probably noticed that online banks tend to dominate lists with their competitive interest rates. This is especially true when comparing online bank rates with traditional brick-and-mortar banks.

To get a better sense of this competition, DepositAccounts took a deep dive into local bank rates and found that in many states, the rate is no better than the average rate you could find with an online savings account or 1-year CD. The analysis, which was conducted Jan. 1,...

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Ally Ups Savings Account Rate & Emails Customers of Payback Earnings
Deal Summary: Rate increase: Online Savings (2.20% APY on all balances as of 1/17/2019)

Availability: Nationwide (internet bank)

This morning, Ally Bank increased the rate of its Online Savings Account (OSA) by 20 basis points to 2.20% APY. Ally’s IRA Online Savings Account also had this same rate hike. The 2.20% APY is effective as of 1/17/2019. These were the only rate hikes at Ally Bank today.

Payback Time Promotion Earnings Emails

Yesterday, Ally Bank notified customers who participated in the Payback Time promotion of the bonus they earned. Here’s...

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Freedom Credit Union Offers 24-Month CD, 3.05% APY
Deal Summary: 24-month CD, 3.05% APY, $500 minimum deposit, additional deposits allowed.

Availability: Easy Membership Requirement for residents of DE, MD, NJ, PA, VA, WV, and DC; residents of five SE Pennsylvania counties; more than 250 SEGs.

Pennsylvania-based Freedom Credit Union (Freedom CU) is currently offering a competitive 3.05% APY on its 24-month CD. The minimum opening deposit is $500, with no stated balance cap. There is also a 24-month Youth CD (members 25 years and younger) earning the same 3.05% APY, but only requiring a...

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Elmira Savings Bank (NY) Debuts 29-Month CD Special, 3.15% APY
Deal Summary: CD Specials – 29-month (3.15% APY) 19-month (3.00% APY), $500 minimum deposit, new money.

Availability: Market area includes two Central and five Southern Tier New York counties.

Elmira Savings Bank (ESB) is currently offering three CD Specials – 29-month (3.15% APY), 19-month (3.00% APY), and 9-month (2.15% APY). The more competitive rates belong to the 29- and 19-month CD Specials. The minimum opening deposit is $500 of new money, with no stated balance cap.

The CD Specials are also offered as IRAs (Traditional), earning...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.