Ryan Deffenbaugh

Online banks are leading the interest-rate charge

banks. Interest Rate. Oct 25, 2022 Ron Shevlin, chief research officer for Cornerstone Advisors, said there is a group of customers who actively manage their savings account and are willing to move the funds — what he called hot deposits. But a larger group of U.S. banking customers don’t look to maximize returns on their deposits.

High-yield online savings accounts are making a comeback

Oct 25, 2022 “For the big banks, or even just banks in general, they are not raising the rates for a very simple reason: They don’t have to,” said Ron Shevlin, chief research officer for Cornerstone Advisors, a banking research firm.