Are Deposit Rates in the Rearview Mirror?
You are driving your deposit car, so will you accelerate the rates?
Find out the answer below and how to do it too.
Happy Thanksgiving, Mike
A Vaccine Changes the Financial Roadway & Landscape Completely
Lake Forest, IL (November 24, 2020) Like Bob Dylan’s folk song: “The Times They Are a-Changin,” deposit rates are a-changin. The experience of the past 8 months of falling rates is about to come to an end – the focus is ahead but the road is rocky.
Rates were falling before the coronavirus appeared in Wuhan, China in Oct. 2019.
The basic share rate hit a recent high in March 2019 of 10 basis points (BPs) and fell to a low of 4 BPs since April 2020. 60-month Certificates of Deposits (CDs) hit a high of 128 BPs in April 2019 and have fallen to a low 35 BPs now. READ FULL ARTICLE
Written By: m.moebs
Date Posted: 11/24/2020
Number of Views: 116