Tag: Variable Fee Deposit Accounts

What Variable Fee Accounts Can Do For Deposits

Seasonal Deposit Accounts

For banks that have customer defection models or care about customer retention, consider an account where the monthly fees change depending on season or usage. This works best for your basic checking account, and the concept can be applied to both retail and commercial accounts. This deposit structure is ideal for banks that target the agriculture, tourism or other seasonal industries or for banks that serve resort towns that undergo large seasonal variation.

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