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Checking account redesign can boost profitability if the account designers carefully match features with their targeted customer segments.
Based on analysis of past periods of rising interest rates, it will take about 11 months for the average rate of term accounts to reach 1% and 30 months to reach 4%, once deposit rates do start rising.
As baby boomers retire, they are likely to avoid the traditional time deposit in favor of customized solutions that address their needs more directly.
Expiration of the Bush tax cuts is likely to decrease the amount of money consumers will have available to deposit in bank accounts.
The soon-to-expire unlimited deposit insurance coverage for noninterest-bearing transaction accounts had a marginal impact on balances over $250,000.
Between now and yearend, nearly $1 trillion could shift from non-interest bearing checking accounts to other deposit accounts – but which ones?