Tag: Deposit Rate Setting

This Group Of Banks Are Starting To Move Deposit Rates

Deposit Rate Management

In case you are one of the few banks that don’t track direct (Internet) banks in your deposit surveys you should, as they continue to lead the market when it comes to deposit pricing. Our MarketRates Insight rate survey’s set off alarms when Discover Bank moved their retail money market rates up 5 basis points at the end of last month, while their 5-year certificate of deposit rates raised 20 basis points to 2.20%. More interesting is the fact that they introduced a whole series from 3 months to 10-years of jumbo CDs all at very aggressive rates. 

Subscribe to Tag: Deposit Rate Setting