Want to grow core deposits at a fraction of the cost? 1 winning strategy. 5 ways it changes the math. ALL in your favor. This article explains it all. Read on: https://lnkd.in/gTSvhMFi #CommunityBanks #CreditUnions #DepositGrowth
Kasasa’s Post
More Relevant Posts
-
If you're looking for a stable and low-risk way to grow your money during times of financial uncertainty, a certificate of deposit (CD) may be a great option. However, there can be misconceptions about what CDs do and how they work. We've compiled some of the most common myths about CDs and help separate fact from fiction. #CertificateOfDeposit #FinancialPlanning #PersonalFinance
Debunked: Common Certificate of Deposit (CD) Myths - Bank of Hawaii
boh.com
To view or add a comment, sign in
-
As interest rates soar, you'll notice more eye-catching CD rates, be cautious. This article breaks down 5 key things to be looking for including some really insightful information from Jill Castilla "A financial institution that offers an eye-popping rate is typically in need of more deposit dollars to fund loans, says Jill Castilla, president and CEO of Citizens Bank of Edmond in Oklahoma. “What you’re seeing is, as banks and credit unions have less accessibility to liquidity to fund loans and other investments, they’re having to pay more for those deposits,” Castilla says. Great things to be aware of, I personally learned a lot from this article. Great read! Always check the fine print. https://lnkd.in/gYcwh8Gp
Are 7% CD Rates Too Good To Be True? Here’s What You Should Know
forbes.com
To view or add a comment, sign in
-
In 2024, let's not forget some of the fantastic money lessons we learned from 2023. Arijit Roy, head of consumer segment and solutions at U.S. Bank, provided invaluable insights that can help us all navigate our finances better in the new year. Thank you, Arijit, for sharing your expertise! Check out the article below to learn more about the money lessons from 2023.
Money Lessons from 2023
foxbusiness.com
To view or add a comment, sign in
-
BOK Financial plays offense on the lending front amongst high-interest rates and elevated deposits. Stacy Kymes shared his thoughts on the company’s organic growth mindset with American Banker. Learn more here (a subscription may be required to read the article): https://ow.ly/Wo2Y50PnQ7y #WeGoAbove
BOK says its benefiting from strong core markets, pullback by rivals
americanbanker.com
To view or add a comment, sign in
-
BOK Financial plays offense on the lending front amongst high-interest rates and elevated deposits. Stacy Kymes shared his thoughts on the company’s organic growth mindset with American Banker. Learn more here (a subscription may be required to read the article): https://ow.ly/77l450PnQ7A #WeGoAbove
BOK says its benefiting from strong core markets, pullback by rivals
americanbanker.com
To view or add a comment, sign in
-
Law firm director and chair of the creditors' rights and bankruptcy practice group at Tripp Scott, PA
While the focus of the Federal Reserve has been on lowering inflation to its "self-created" inflation rate of 2%, little has been publicized about the consequences facing both businesses and consumers as a result of the increased borrowing rates of interest. In the consumer borrowing environment, more Americans are falling behind on their car loan and credit card payments than at any time in more than a decade, a troubling signal of consumer stress as higher prices and rising borrowing costs are squeezing household budgets, the Washington Post reported. The pain is most acute for lower-income earners, who have largely used whatever they managed to save during the pandemic with the help of government stimulus checks and breaks on obligations such as rent and student loans. “The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” said Mark Zandi, Chief Economist at Moody’s Analytics. Now, as the economy finds its post-pandemic footing, there are signs the hardship for millions of consumers will get worse before it improves. The average credit card interest rate — already at a record high 20.6 percent, according to Bankrate.com — appears likely to keep climbing, as the Federal Reserve indicated it could continue raising interest rates to get inflation under control. Student loan payments that were paused for more than three years are poised to resume in October. And banks and other lenders have been clamping down on credit for months, a process that accelerated after the spring banking crisis sent shock waves through the industry
Bankrate: Guiding you through life's financial journey
bankrate.com
To view or add a comment, sign in
-
BOK Financial plays offense on the lending front amongst high-interest rates and elevated deposits. Stacy Kymes shared his thoughts on the company’s organic growth mindset with American Banker. Learn more here (a subscription may be required to read the article): https://ow.ly/m2K350PnQ7B #WeGoAbove
BOK says its benefiting from strong core markets, pullback by rivals
americanbanker.com
To view or add a comment, sign in
-
Bank executives can read 3 articles below to hear how their peers across the country leverage reciprocal deposits to increase balance sheet flexibility, simplify operations, better serve their customers, and enhance profitability:
Reciprocal deposits remain a “core” part of deposit-gathering strategies for banks across the U.S., and most reciprocal deposits are reportable as core deposits. Find out how bankers in Colorado, Maryland, and Nebraska are helping their customers keep their large deposits secure and winning their loyalty with reciprocal deposits. ➤ How three Colorado bankers use a decades old solution to maintain their deposits >>> https://lnkd.in/exJ6xPcR ➤ Simplify your banking relationships: Get the deposit insurance you need >>> https://lnkd.in/ef__sxG2 ➤ What does everyone want from their bank? Security. >>> https://lnkd.in/eHHbVBqT More information on IntraFi in the news – https://lnkd.in/gJ7QPYMr
To view or add a comment, sign in
-
-
Charge-offs and inflation can be detrimental to smaller financial institutions. Learn how Elan can support your bottom line and cardmembers. https://bit.ly/3V6rF3K
Only One Basis Point, But Time for Small Credit Card Issuers to Worry
https://www.paymentsjournal.com
To view or add a comment, sign in
-
"It is possible to change the banking rules of the game. Financial institutions have been loud in making racial equity commitments. But to make these commitments real in the areas of home and business ownership, the rules of underwriting must change." Read this primer on why the way banks make decisions must change for us to realize a more just society: https://lnkd.in/gUK7YWBx
Changing Underwriting Rules…for Racial Justice - Non Profit News | Nonprofit Quarterly
nonprofitquarterly.org
To view or add a comment, sign in