Novantas recently hosted two webinars with more than 50 bankers to discuss recent deposit trends.
As part of the event, Novantas asked participants three questions about the current deposit landscape.
Here are the results:
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For a long time during the current rate cycle, the continued expectation of rising betas was akin to the “Boy Who Cried Wolf.”
Long one of the most under-appreciated and least understood categories for banks, the role of the savings accounts may be on the brink of change due to the industry’s widespread disruption from technology.
Customers who seek a higher rate put the bank in a defensive position that often ends with the bank offering a rate that is above the optimal and fair price for that client’s deposit.
