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This profile was last updated on 12/5/2016 and contains contributions from the  Zoominfo Community.

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Wrong Ken Tumin?

Ken Tumin

Founder and Editor

DepositAccounts.com

HQ Phone:  (512) 436-3811

Email: k***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

DepositAccounts.com

P.O. Box 531172

Birmingham, Alabama,35253

United States

Company Description

DepositAccounts.com is one of the largest consumer resource websites in the U.S. focused on depository banking products. Each fiscal quarter, DepositAccounts.com evaluates the financial health of every federally insured bank in the United States - totaling mor...more

Background Information

Employment History

Founder and Editor

Deposits Online, LLC


DFT Engineer

Freescale Semiconductor , Inc.


Web References(46 Total References)


How the Latest Interest Rate Increase Will Affect You | Grow from Acorns

grow.acorns.com [cached]

"They tend to follow the Fed more closely than a lot of the brick and mortar banks, so you'll get an immediate bump from the higher rate," says consumer banking expert Ken Tumin of DepositAccounts.com. (You can check his site or Bankrate to compare rates on various savings accounts.)
Tumin also recommends looking to short-term certificates of deposit (or CDs).


Is It Ever Okay to Tap Your Retirement Account? | Grow from Acorns

grow.acorns.com [cached]

Here's one: "A Roth IRA can be useful as an emergency fund since you can withdraw up to the amount of your contributions with no taxes or penalties," says Ken Tumin, co-founder of DepositAccounts.com.


Retirement savers relying on rising CD rates will have to wait | The WealthAdvisor

www.thewealthadvisor.com [cached]

It's also important to be aware of several potential pitfalls when opening a CD, said Ken Tumin of DepositAccounts.com, such as CDs that automatically renew at lower rates.
Banks sometimes offer special higher CD rates to entice customers to sign up, but missing the maturity window could mean a renewal at a much lower rate than before. And terminating a CD before maturity can lead to early withdrawal penalties, Tumin said.


This Week In Your Wallet: Negative Interest Rates 101 - Jean Chatzky - Making money make sense

www.jeanchatzky.com [cached]

Of course, those costs would be passed onto consumers - but probably not via a direct charge says Ken Tumin, founder and editor of DepositAccounts.com.
In the other countries that have dipped into negative territory, Tumin says three things have happened: Deposit rates have gone to zero, even on Internet savings accounts; it has become harder for consumers to open savings accounts; and monthly fees have become more common and more difficult to avoid.


News - MagnifyMoney

bpublic.com [cached]

Banks are “flush” in cash, hidden away in savings accounts by risk-averse consumers, says Ken Tumin, co-founder of DepositAccounts.com.
My first mortgage started at 10.5%." When will more consumers sit up and notice higher savings rates - and perhaps start pulling cash out of big banks, putting pressure on them to join the party? "I think 2% will be a big milestone," Tumin says.


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