In the News

Online banks are leading the interest-rate charge

Written by Ryan Deffenbaugh | Oct 25, 2022 8:59:00 PM

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.