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2016-07-16T00:00:00.000Z

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Mr. Ken Tumin

Founder and Editor

Deposits Online LLC

HQ Phone: (512) 436-3811

Email: k***@***.com

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Deposits Online LLC

P.O. Box 531172

Birmingham, Alabama 35253

United States

Find other employees at this company (3)

Background Information

Employment History

DFT Engineer

Freescale Semiconductor , Inc.

Affiliations

Founder
DepositAccounts.com

Web References (25 Total References)


DepositAccounts.com founder ...

www.jillonmoney.com [cached]

DepositAccounts.com founder Ken Tumin joins us to explain how to find better rates.


Ken Tumin Jill ...

www.jillonmoney.com [cached]

Ken Tumin Jill On Money | Ken Tumin Archives - Jill On Money

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DepositAccounts.com founder Ken Tumin joins us to explain how to find better rates.


DepositAccounts.com founder ...

www.jillonmoney.com [cached]

DepositAccounts.com founder Ken Tumin joins us to explain how to find better rates.

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Ken Tumin!
Ken founded the site in 2005, originally as a blog and a side hobby. Little did he know that the blog would go gangbusters, allowing him to leave his full-time job and focus on helping you, the user, get the most bang for your buck. Along with in-depth reviews, the site displays nearly 300,000 rates for savings accounts, checking accounts, CDs, IRAs and more. Ken and his team cover it all by tracking national banks, regional and local banks and credit unions.


Ken Tumin, founder of ...

magisgroupinc.com [cached]

Ken Tumin, founder of DepositAccounts.com, a website that tracks deposit rates, said many of his readers are older people looking to maximize returns on low-risk accounts, and some have multiple high-yield checking accounts. (He calls them high-yield reward checking accounts because they typically offer a "reward" like reimbursement of A.T.M. fees in addition to the higher rate.)

One reader, he said, has at least 10 of these accounts. While managing them and making sure all the various requirements are met is a challenge for consumers, he said, "They're serious in terms of maximizing their savings in a safe way."
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And, Mr. Tumin said, the high-yield accounts typically have no monthly fee, so while you won't earn the higher rate if you fail to meet the account's criteria, you won't be penalized with an additional charge.
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Mr. Tumin suggested that consumers with a relatively small amount of money to deposit choose the account with the highest rate, while those with a larger pot select an account with the highest cap.
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In addition, some accounts allow deposits that use an automated clearing house electronic network for clearing financial transactions - so-called A.C.H. transactions - to meet the direct-deposit criteria, Mr. Tumin said.


Susan Tompor: Can't remember when you balanced a checkbook? | Lexington Herald-Leader

www.kentucky.com [cached]

Ken Tumin, founder and editor of DepositAccounts.com, said setting up email or text alerts can remind consumers to make sure that they need to get more money into a checking account.

Consumers who link a savings account to checking, he said, should track spending and avoid seeing money transferred from savings to checking more than six times a month.

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