The Money Market Savings dilemma currently impacts regionals, community banks, and credit unions with under $150 billion in assets. With the rise of interest rates, their clients have started to look for better yields by migrating to more costly products and shopping for opportunities elsewhere. In other words, inexpensive balances are migrating to more costly product options and leaving the institutions.
Financial institutions are faced with the need to do what is right for their customers while also maintaining their financial viability. And those that do not address it timely and properly will see their lending capacity and profitability greatly impacted.
What could those financial institutions do?
Watch this video to explore this topic. We also invite you to share this content with others, comment, and reach out to us. Let us all be part of the conversation.
This webinar is part of our Deposit Champion Series. Visit this page to explore other topics in the series.