New
Analytical Report, "Likely Scenarios of Rising Deposit Rates in
2014 and Beyond," Reveals Deposit Rate Trends Expected for CDs,
Money Market, and Savings Accounts.
San
Anselmo, CA, USA (January 11, 2014) -- How will rising deposit
rates affect CD rates and savings and checking interest rates in the
coming year? That's the question answered in the latest research
report from Market Rates Insight, Inc.
(http://www.marketratesinsight.com),
the leader in financial services intelligence for deposits, personal
loans, mortgages, and fees. The new report, "Likely Scenarios of
Rising Deposit Rates in 2014 and Beyond," provides an analysis
of what deposit rates for CDs, savings accounts, money market, and
checking accounts are likely to look like in the 2014.
This
latest report reveals how deposit rates are likely to trend based on
historical data from the last rising rate environment between July
2003 and July 2007. The predictive report can be invaluable to bank
marketing executives and senior staff at banks and credit unions who
need to plan their rate increases and budget for future interest
expenses. Market Rates Insight is the only research company to have
more than 25 years of cumulative bank and credit union rate data,
giving the firm a more accurate portrait of cyclical market trends.
"As
the economy continues to improve, there is no question that bank
deposit rates will begin to rise," said Dr. Dan Geller,
Executive Vice President of Market Rates Insight and author of the
study. "The real question is when will they rise and to what
degree? No one has a crystal ball, but we do have historical data
that accurately shows how deposit rates perform during the last
rising economic cycle. Scrutinizing past performance can be a very
reliable indicator of what lies ahead for deposit rates."
Trends
revealed in the report include:
-
The impact of 3-month and 6-month LIBOR rates on deposit products.
-
The average increase of deposit product rates on a month-to-month
basis.
-
The projected performance curve of term accounts and liquid accounts.
-
The increase in interest expenses for banks and credit unions for
consumer deposits.
-
And much more.
The
"Likely Scenarios of Rising Deposit Rates in 2014 and Beyond"
report provides average rates in seven deposit-product categories:
checking, savings, money markets, brief-term CDs (3 months or less),
short-term CDs (3 months to 1 year), mid-term CDs (1 to 3 years), and
long-term CDs (over 3 years). The report is available now for $995.
For
more information, visit
http://www.marketratesinsight.com/news/2014DepositTrends.html.
About
Market Rates Insight
For
more than two decades, Market Rates Insight (MRI) has been helping
clients price with precision by providing banks, thrifts, credit
unions, and other financial institutions with comprehensive market
intelligence on deposits, loans, and fees. MRI's products include
web-enabled, customizable report programming, proprietary product
research tools, searchable databases, market alerts, and online
dashboards that aggregate key client data to provide real-time
interactive views on how they rank against their specific
competitors. MRI provides advanced toolsets for deposits, deposit
surveys, mortgage and consumer loans, and loan surveys, fees and
features pricing in addition to studies, new product alerts,
benchmarking and market analyses to give subscribers the intelligence
needed to strategically position products, optimize pricing and react
to emerging trends.
Market
Rates Insight is located in San Anselmo, California. For more
information, see http://www.marketratesinsight.com.
Graphics
available upon request
For
additional information contact:
Tom
Woolf
Market
Rates Insight
(415)
259-5638
