Banks Struggle to Attract Deposits as Loan Growth Continues to Rise

Loan demand has increased in recent quarters and now banks find themselves struggling to gain enough deposits to match the growth; competitive rates from other banks and new digital only banks have banks looking at new ways to grow deposits; banks are moving away from brokered deposits, increasing rates on certificates of deposits and creating their own digital brand to increase growth; digital channels will most certainly play a bigger role going forward as the competition will continue to grow and become more fierce. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.