Deposit costs kept climbing in the third quarter, and experts say banks should brace themselves to pay more in 2019.
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Higher deposit costs in Q3 an omen of 2019
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Tagged: Deposits
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Online banks have avoided offering checking accounts — that stands to change
It’s something startups have been doing for years: partnering with financial institutions to offer you digital checking, or digital banking, accounts.
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U.S. investors feed yield pangs with annuities, money funds, bank CDs
The yield starvation diet for American investors is over.
article
Commercial Deposit Pricing: Time to Replace Intuition with Analytics
Customer 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.
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The long, dark night for GIC investors and savers has finally come to an end
As the industry moves from the first 100-basis-point increase to the second, more and more of the increase starts to get passed along to the consumer. We see that on both the savings and GIC side. – Adel Mamhikoff
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Avoid Cannibalizing Your Back Book – And Keep Customers Happy
CBA Webinar Series
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Legacy, digital banks risk overpaying for deposits as rate battle heats up
The field of banks competing for deposits with high-yield savings products is becoming increasingly crowded.
novantas perspective
Beware of the Next 100 Basis Points in Canada: A Tricky Time For Deposits
The outlook for deposits should be at the top of bankers’ minds following the Bank of Canada’s recent rate hike, which represented its fourth — and a cumulative 100 bp — move in the past year.
event
Pricing Optimisation & Profitable Growth in the Digital Age
Asia Pricing & Commercial Excellence Summit 2018
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Citigroup, with limited options, hopes to lure deposits digitally
Companies have gone after deposits through mailings, call centers and digital tools. Those efforts, some going back decades, have gathered about 5 percent of U.S. deposits, according to Novantas.