Four steps to build an effective deposit strategy
Talks of a possible recession continue to make headlines. More than two-thirds
of economists at 23 large financial institutions predict the U.S. will have a recession in 2023
. Financial institutions should prepare themselves now to face a downturn ahead. Part of this preparation should be to build and execute a deposit pricing strategy.
For almost 15 years, financial institutions have kept their deposit rates low or nonexistent, instead focusing on loans and fees. The environment has changed due to an increase...
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