5 must-do-now strategies to growing core deposits

Interest rates are on the rise…

There is a growing need to get and keep quality deposits in order to weather the next storm.

Your traditional sales tactics won’t work.  There isn’t a fancy sales shtick that’s going to consistently pull in the million-dollar accounts that you need.  As you’ve probably figured out by now…

Sales is a system—not an art.

I’ve put together a short video with 5 must-do-now strategies. These strategies will help you begin reeling in and keeping those A+ quality credits.

Today’s video is a great tool to get started.

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For Community Bankers Who Want More Sales

So, congratulations! You now have mobile banking. That’s good news…and it’s also horrible news.

You probably haven’t thought about the fact that now that we have half of the lobby traffic already removed from our banks, we’re about to drive away the rest of it.

So, something is going to have to change…and what that is, is that your people will need to be getting out and having conversations.

And they can’t have just any conversations—they have to have meaningful, powerful conversations with your most successful customers who are affluent and who don’t want their time wasted.

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5 Steps to More Core Deposits

Regulators and bankers have one common concern right now—get and keep deposits as interest rates go up. Sounds easy, but it hasn’t been all that easy just to get deposits when rates have been low, and so getting better at this immediately is important.

I’m going to cover five must-do-now strategies that you need to have happen pronto to make sure that you get and keep those deposits to weather this upcoming storm.

Step 1:

Make sure that your commercial bankers understand how to bring in million-dollar checking accounts.

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