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.


Popular Posts

Bank Deals Blog: Fed / Banking News

Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019
Federal Reserve, the Economy and CD Rate Forecast - Jan 15, 2019

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out...

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Federal Reserve, the Economy and CD Rate Forecast - Jan 8, 2019
Federal Reserve, the Economy and CD Rate Forecast - Jan 8, 2019

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings. This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out...

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Federal Reserve, the Economy and CD Rate Forecast - Jan 2, 2019
Federal Reserve, the Economy and CD Rate Forecast - Jan 2, 2019

Happy New Year!

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (Wednesday evening for this week. It's now available at at this link). This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion...

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Federal Reserve, the Economy and CD Rate Forecast - Dec 26, 2018
Federal Reserve, the Economy and CD Rate Forecast - Dec 26, 2018

This is my new weekly review of the Fed, the economy and what we can expect of future deposit rates. This used to be part of my weekly summary, but it will now be a separate post. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My liquid account summary is now available at this link).This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and...

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Federal Reserve, the Economy and CD Rate Forecast - Dec 18, 2018
Federal Reserve, the Economy and CD Rate Forecast - Dec 18, 2018

This is my third weekly review of the Fed, the economy and what we can expect of future deposit rates. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My CD summary is now available at this link). This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. To avoid that,...

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Federal Reserve, the Economy and Future CD Rates - Dec 11, 2018
Federal Reserve, the Economy and Future CD Rates - Dec 11, 2018

This is my second weekly review of the Fed, the economy and what we can expect of future deposit rates. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My liquid account summary is now available at this link). This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. To avoid...

Continue Reading
Federal Reserve, the Economy and Future CD Rates
Federal Reserve, the Economy and Future CD Rates

This is my first weekly review of the Fed, the economy and what we can expect of future deposit rates. My weekly summaries will now be focused entirely on deposit rates and deals, and they will be published on Tuesday evenings (My CD summary is now available at this link). This change was done to separate the economic and political discussion from the deal discussion. Often economic discussion leads to political discussion, and that can create lots of comments which drown out comments on deals and rates. To avoid that,...

Continue Reading
Fed Rate and Deposit Rate Predictions for 2018
Fed Rate and Deposit Rate Predictions for 2018

Happy New Year! I and my team at DepositAccounts.com wish you and your family a happy, healthy and prosperous New Year. I thank all of you for your support over the last year.

As I mentioned in my review of online savings accounts in 2017, savers finally started to see widespread deposit rate increases in 2017. The increases haven’t been as much as we had hoped for. The federal funds rate increased by 75 bps, but the average savings account rate of the top 10 large internet banks only increased...

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Review of Online Savings Account Rates in 2017
Review of Online Savings Account Rates in 2017

This was the year in which savers finally started to see widespread deposit rate increases. Average rates haven't increased much, but if you look at the rates from internet banks, it's clear that rates are going up.

First, let’s look at the average savings account rate for all banks and credit unions that DA tracks. The vast majority of these savings accounts are from brick-and-mortar banks and credit unions. As you might expect, these rates are much lower than the rates you can get at most any internet bank. The current...

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The Impact of the GOP Tax Bill on Savers
The Impact of the GOP Tax Bill on Savers

I’m very pleased to announce that Sol Nasisi will be a regular contributor to DepositAccounts. Many of you may be familiar with Sol from his time at BestCashCow where he is the co-founder and a past president. Last year Sol left BestCashCow and is now working on other projects. I was thrilled when Sol approached me with an interest in contributing to DepositAccounts. Sol will be writing a few articles a month on trends, news and issues that impact savers. I’m sure you will appreciate his analysis and insights that...

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