Earn 5.75%* interest during the promotional period with the Advantage Account. Then continue earning a premium everyday savings rate that’s higher than the big banks. Find out more and apply online by clicking the link: https://bit.ly/2G0eU8F *Conditions apply
Manulife Bank of Canada’s Post
More Relevant Posts
-
Banks are competing for your deposits with promotional rates and cash bonuses for new accounts. Here’s how to crunch the numbers.
To view or add a comment, sign in
-
In this age, when saving bank accounts offering 2.75% to 3.50% interest rates, there are some sovereign-backed depository sche - https://lnkd.in/gGgKjEKc
POMIS: How to open Post Office MIS account offering 7.4% returns? A step-by-step guide
To view or add a comment, sign in
-
Banks and credit unions are increasingly feeling the pressure to reduce expenses, grow core customers and acquire low-cost deposits simultaneously. To get there, most are taking one of two taking two distinctly different approaches in their branch network strategy: https://hubs.li/Q02FGwXH0
To view or add a comment, sign in
-
Senior Manager at PwC US | ALM | Risk Management | Financial Services | Banking Strategy | Treasury | Balance Sheet Management
Despite rising deposit costs, banks are not yet paying much on savings accounts, but this could change in the future. Investors were disappointed with the muted net interest income projections from banks in their first-quarter reports. While expectations of rate cuts by the Federal Reserve have decreased, banks are still uncertain about deposit pricing and the potential for repricing. The competition for deposits is evident, with over 730 banks offering high rates on certificates of deposits. However, the national average rate on savings accounts remains low. Banks face a dilemma in repricing day-to-day accounts, as it affects their existing customers and can be costly. The uncertainty surrounding deposit pricing makes it challenging for banks to provide more optimistic projections. Smaller banks that rely on deposit rates may face challenges if the gap narrows, making other factors like technology and branch count more relevant for big banks. Until there is more clarity, the comfort level for banks and investors remains uncertain. #Banking #DepositPricing #SavingsAccounts #NetInterestIncome #Competition
Will Banks Finally Have to Pay You More for Your Savings?
wsj.com
To view or add a comment, sign in
-
🚨 Did you know? High-yield savings account rates can fluctuate! 💡 Unlike traditional accounts, their interest rates can fluctuate over time. Keep tabs on rate changes due to economic shifts or bank decisions. It's essential for savers to regularly monitor the interest rates on their high-yield savings accounts. Additionally, consider setting up alerts or notifications from your bank to stay informed about any changes to the interest rate so you can make informed decisions about your savings strategy. 💰 #FinancialTips #SavingsGoals 📈
To view or add a comment, sign in
-
Reported results have shown that U.S. banks' fee income in the second quarter of 2024 helped offset lower net interest income year over year. The largest U.S. banks maintained prudent reserves and capital to comply with higher expected regulatory requirements and to absorb the now-familiar stresses on commercial real estate and consumer loan portfolios. See our key #bank #earnings takeaways for 2Q24 below and read the full report here: https://ow.ly/miKk50T3kXE #FitchRatings #Banks
To view or add a comment, sign in
-
Fractional Chief of Staff/COO | I Help Small Law Firms Streamline Operations and Increase Profitability
Improve Your Profits Without Going To The Bank ▸ https://paxson.me/3uTDUrl #SmallBusinessConsulting #ExecutiveCoaching #OfferingLoyaltyIncentives #LeverageDigitalMarketing #BuildStrongRelationships #NegotiatingFavorableTerms #ReceivingBulkDiscounts #BusinessSBottomLine #PositiveWorkEnvironment #RewardingOutstandingPerformance
To view or add a comment, sign in
-
Rates on savings accounts and certificates of deposit remain higher than they’ve been for most of the past decade. But what exactly impacts the interest rate of your bank account? Read the blog to learn more: https://buff.ly/3xxClRk
To view or add a comment, sign in
-
CERTIFIED FINANCIAL PLANNER™ (CFP®) Fee-only Fiduciary Financial Planning & Investment Management. Host of Wealth Redefined® podcast.
Most brick and mortar banks are paying very little interest on their savings accounts. However, there are plenty of online banks paying 4% - 5% interest right now. A really simple smart money move you can make right now is to move your savings to a high yield savings account.
To view or add a comment, sign in
10,702 followers