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It is clear that commercial deposit rates will fall following the Fed’s emergency rate cuts, but the initial reaction to cut them aggressively should be tempered with an eye toward the future.
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The safety and wellbeing of customers and employees are of utmost importance at this difficult time, but the recent dramatic rate cuts will push banks’ management to take meaningful action to operate a sustainable business.
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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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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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Do you have the right vision for your bank? Novantas poses five questions to help guide bank executives through 2020.
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Novantas’ Pete Gilchrist spoke to S&P Global about deposit costs and what relief banks can expect in the future.
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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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As Fed has trimmed rates and considers further cuts, lenders may see growth in depositors dry up
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If you’re considering a CD, now could be the right time to act.
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