Industry Updates

Winning Deposits Overnight: How to Watch Your Competitors and Quickly Outcompete on Pricing

Timing is crucial for institutions gathering time deposits, not just because time is a key feature of CDs. Depositors consider the offers available when they’re in the market for a time deposit. How institutions time their CD promotions can place them in top consideration or prevent their consideration altogether. So how does an institution “time” …

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Optimistic CD Market Outlook: Post-Election Insights for Financial Institutions

With inflation still playing a prominent role in economic decisions, the Federal Reserve’s dual mandate to balance price stability and maximum employment continues to influence interest rates. Historically, higher inflation leads to higher interest rates as the Federal Reserve steps in to curb rising prices, according to CD Valet CFO, Bryan Johnson. This dynamic creates …

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How CD Valet Helped a Bank Raise $120MM in 6 Weeks

With CD Valet’s strong digital presence, this metropolitan bank significantly boosted its visibility across the country, leveraging the platform to streamline digital account openings and attract new deposits. The results were substantial, with a sizable increase in new CD accounts and a significant influx of deposits over a short period. This success demonstrates the power …

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How CD Valet Helped a Bank Acquire Deposits – 97% from Out-of-Market

A financial institution utilizing CD Valet’s white-label digital account opening platform successfully opened a significant portion of CDs in a recent campaign from outside its traditional market. CD Valet enables institutions to overcome geographic constraints and expand deposit acquisition efforts. Key Takeaways Leveraging CD Valet’s national reach, this bank sourced 97% of its new deposits …

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How CD Valet Helped a Credit Union Gain New Members While Opening CDs with $100K+ Balances

In a competitive financial landscape, deposit growth is essential for stability, especially for credit unions where it often aligns with membership growth. CD Valet has proven effective in driving both, as this case study highlights the remarkable success of a financial institution in attracting deposits and new members through a targeted campaign. Key Takeaways A …

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FDIC Insurance Trust Accounts Update: What You Should Know

Changes have come to effect to Federal Deposit Insurance Corporation (FDIC) coverage. The FDIC adopted a new rule on April 1, 2024, to simplify insurance coverage for beneficiaries, more specifically for formal or informal trust accounts. What does the new trust account rule do? The change combines revocable and irrevocable trusts into one ownership category. …

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