Raising Deposits Amid Coronavirus Rate-Slashing and Stock Volatility
Published on March 16, 2020
Raising Deposits Amid Coronavirus Rate-Slashing and Stock Volatility
Bea Doblas
Mon, 03/16/2020 - 05:07pm
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As dollar-hungry financial institutions face the temptation to pay up on savings rates — as most trim them to match Federal Reserve cuts — they need to consider what will really impress consumers in an increasingly strange environment. Traditional strengths will help banks and credit unions, but so will some innovation.