New Analysis from Market Rates Insight Reveals That Local Branches Produce Most of the Deposits for Banks
Summary
San Anselmo, CA, August 15, 2009 --( The analysis was conducted following the latest announcement of a 10-percent branch reduction initiative by a major national bank.The report shows that, despite the growth in remote-banking alternatives, nearly 90 percent of all bank deposits are made by people living in the region.MRI uses deposit surveys, mortgage and consumer loan surveys, fee and feature studies, scanned ads, new product alerts, and market share and money fund reports to give subscribers the intelligence they need to profitably react to emerging trends.The report shows that, despite the growth in remote-banking alternatives, nearly 90 percent of all bank deposits are made by people living in the region.MRI’s products include customized, web-enabled market research tools that report on rates, as well as online searchable databases, gauges, alerts, and dashboards that aggregate key client data to provide real-time views on how they stack up against market competitors.Market Rates Insight is located in San Anselmo, California.