Deposits

On Sep. 30, 2019. Dollars in thousands.

Ally and other direct banks continue to report strong deposit growth even as they slash the rates they pay to depositors. The trend suggests that the online-only approach has more staying power than its detractors believed.

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.

Want to level the playing field with big banks and fintechs in the year ahead? Here's where to start.

All but a handful of states now allow a gamified way for consumers o save money, and some credit unions have adopted these programs to help boost deposits.

Quontic Bank is offering high-interest, digital-only savings like others, but it says its secret sauce is homegrown technology that optimizes deposit prices. Financial bloggers have taken notice.

Low rates and spotty loan demand mean banks are having to “dig deeper” to improve efficiency and maintain profit margins.

On Sep. 30, 2019. Dollars in thousands.

Deposit Solutions says lenders can use its platform to acquire customers at little expense.