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.
The urgent need for liquidity has many community financial institutions offering high-yield CDs in an effort to bring in those needed deposits. A deeper look at these CDs reveals tremendous balance sheet implications and hidden costs.
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 high-yield checking accounts.
Want to learn how to make a profit off of high-interest checking? It’s easier than it sounds.
