PLAYBOOK

How banks & CUs can raise more deposits in 2023

U.S. financial institutions were flush with deposits during COVID, but inflation and rising interest rates changed the game. Deposit retention and acquisition are now vital. Rising interest rates will prompt more consumers and businesses to switch institutions in favor of higher-yielding products.

Banks and credit unions need intelligent strategies to retain deposits, grow sticky, low-rate deposits, and reduce their reliance on “hot money.”
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Download our Playbook & learn about:

• The key factors that contributed to deposit competition
• How different future scenarios might play out
• What banks and credit unions should do in 2023 to remain competitive