Promotional offers are emerging as a strong tool for institutions to drive deposits in falling rate environment
CD Valet is a digital marketplace that connects consumers with the best CD rates and terms nationwide, helping community financial institutions effectively attract new deposits. The company today shared that over 3,600 of its tracked CD rates remain at or above the Federal Reserve’s current upper limit of 4.00% APY. “As expected after the recent Fed rate cuts, CD yields in general continue to ease. However, there are still strong opportunities out there for savers –...
CD Valet is a digital marketplace that connects consumers with the best CD rates and terms nationwide, helping community financial institutions effectively attract new deposits. The company today released its latest CD yield curve analysis, offering a granular look at CD rate dynamics across the market. CD Valet found stark differences in CD pricing across asset size segments, with institutions under $500 million tending to offer the most competitive rates, particularly for 12-month CDs. “Our recent...
With potential Fed rate cuts ahead, FIs are leveraging the 12-month term to lock in deposits
Bank and CD Valet showcase CD marketing success, best practices at American Banker’s Digital Banking Conference