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Rising Rates and Deposit Pricing: Pacing and Planning Will Pay

The Novantas Perspective series provides timely and expert viewpoints on a variety of detailed banking industry subjects.

At Long Last! The Federal Reserve has just raised its benchmark Fed Funds rate by 25 bp — after seven long years at rock bottom. Overall, banks are breathing a huge sigh of relief, with the expectation of higher loan yields and revenue. But deposit gathering bankers must now face the reality of how to set deposit rates in response to rising interest rates — and in light of significant changes in regulation, competition and ...

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