The interest rate news has been grim for U.S. banks. Novantas’ Andrew Frisbie weighs in on deposit cuts after rate plunge.
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US banks set for more deposit costs cuts after plunge in rates
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Here’s how you can protect your savings from future rate decreases with a CD
People are leaving money on the table if they aren’t earning any interest. BankRate.com speaks to Novantas’ Adam Stockton about CDs.
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Surprise Fed Drop Will Force Aggressive – But Surgical – Deposit Rate Cuts
The Fed unexpectedly cut interest rates by 50 basis points today, sending bankers racing to assess their deposit-rate strategies. It was the first time since the fall of 2008 that the Fed took rate action outside of a scheduled FOMC meeting.
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Savings yields expected to stay relatively steady with Fed on the sidelines in 2020
It’s been a roller-coaster ride for rates during the past few years. Novantas’ Adam Stockton weighs in on APYs in CDs and savings accounts in 2020.
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As 2020 Dawns, Banks Need Laser Focus
Do you have the right vision for your bank? Novantas poses five questions to help guide bank executives through 2020.
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Deep Dive: What the Interest-Rate Upheaval of 2019 Means for 2020
The yield curve’s fluctuations kept our heads spinning in 2019. What does it portend for 2020?
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Deposit costs hit inflection point, but demand for funds could limit relief
Novantas’ Pete Gilchrist spoke to S&P Global about deposit costs and what relief banks can expect in the future.
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Deposit Pricing Needs Urgent Attention as Rates Fall
The Fed cut rates, but that doesn’t mean your bank should. Or should it? In either case, your deposit strategy needs urgent attention because history tells us that deposit costs continue to rise even when the Fed reduces rates.
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Lagged deposit repricing continues to bite into bank margins
If you’re considering a CD, now could be the right time to act.
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Short-term CDs are the smart money move, thanks to the Fed
If you’re considering a CD, now could be the right time to act.