Banks keep pumping out low-rate, short-term CDs despite the fact their customers don’t seem to want them, according to a nine-month analysis of the product by Market Rates Insight in San Anselmo, Calif.

“It’s puzzling,” said Dan Geller, executive vice president of MRI. “Customers are pulling money out of short-term products and in response banks are introducing more short-term products.”

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access