Using advanced modeling and analysis, community banks can make informed decisions to thrive in a competitive deposit rate environment while maintaining the trust and loyalty of their customers. In this Industry Insights paper, we explore strategies to effectively compete and emphasize the importance of data-driven decision-making.
Key insights:
- Strategic Rate Balancing: Set competitive deposit rates for customer retention
- Exceptional Pricing Strategies: Identify optimal relationships for fair pricing
- Holistic Rate Change Approach: Move beyond blind rate-matching
Offering attractive deposit rates is essential to customer relationships, but doing so strategically can safeguard your liquidity and NIM. Request your copy today.
PCBB is proud to be a member of the Independent Community Bankers of America® (ICBA). We believe in the power of local financial institutions to be the catalyst of small business growth and to enable communities to thrive.
