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This profile was last updated on 1/22/14  and contains information from public web pages.

Mr. Ken Tumin

Wrong Ken Tumin?

Financial Writer and Author

Local Address:  Austin , Texas , United States
DepositAccounts.com
 
Background

Employment History

  • Editor
    DepositAccounts.com
18 Total References
Web References
Find a long-term CD with a ...
money.cnn.com, 22 Jan 2014 [cached]
Find a long-term CD with a lenient early withdrawal penalty, says Ken Tumin of DepositAccounts.com. Barclays' online five-year CD claws back just six months of interest.
But even if inflation slows, the ...
articlesmind.com [cached]
But even if inflation slows, the Series I bond still beats bank CDs, said Ken Tumin, an Austin-based financial writer and author of DepositAccounts.com, a popular blog that lists deposit rates from banks and credit unions across the country. "Currently, the best one-year bank CD yield is only 1.4 percent," Tumin said.
Rising gasoline and food prices have a major impact on the CPI, which had a six-month increase of 2.3 percent, Tumin said.
"The previous I bond six-month rate was just 0.37 percent," he said. "It actually went negative in 2009 after the 2008 financial crisis."
He figures an investor buying a Series I bond this month won't do worse than 2.3 percent for the following 12 months and will likely do better. Here's the math:
...
Tumin doesn't think the next six-month rate will be zero.
"Most likely that November rate will be around 2 percent," Tumin said.
Smart Money agrees with Tumin.
...
"For small investors looking for a safe, short-term return, Series I bonds are again a good deal," Tumin said.
A three-month CD from UmbrellaBank.com, ...
www.jasonzweig.com [cached]
A three-month CD from UmbrellaBank.com, an online division of Beal Bank of Plano, Texas, paid 0.51% annually this week, the highest rate available nationwide, according to Ken Tumin, editor of DepositAccounts.com, a website that researches interest rates on offerings from banks.
...
Buy a five-year CD from Barclays at its recent 2.25% annual yield, pull your money out after two years and you will still earn an effective interest rate of 1.69% even after accounting for the bank's penalty for early withdrawal, according to Mr. Tumin.
Ken Tumin, ...
bottomlinepersonal.com [cached]
Ken Tumin, DepositAccounts.com
...
Source: Ken Tumin, founder of DepositAccounts.com, which monitors interest rates and various other developments at about 8,000 banks and credit unions.
"Rarely does an Internet savings account ...
www.smartmoney.com, 13 Mar 2012 [cached]
"Rarely does an Internet savings account stay a rate leader for more than one year," says Ken Tumin, founder of DepositAccounts.com.
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