Deposit strategies that win.
Growing low-cost deposits is a must to survive. Traditional funding strategies like CDs aren’t working, but there are other options that can help community financial institutions thrive in this financial environment.
Growing low-cost deposits is a must to survive. Traditional funding strategies like CDs aren’t working, but there are other options that can help community financial institutions thrive in this financial environment.
If community financial institutions want to compete, they'll need to reconsider their stance on retail deposits and start playing the long game.
Are consumers actually loyal to their financial institutions or are they easily swayed to greener pastures? How can you keep them from shopping?
Analyzing national and regional generational trends can help you avoid missteps and capitalize on opportunities. We've done the groundwork for you.
If this funding gap crisis has taught us anything, it’s how quickly the cost of bringing in deposits can rise, how out of balance it can get, and how that can affect profitability. Relying on cost of funds data will cause you to overlook a massive revenue stream that comes with reward checking accounts.
