|
|
Article: BANKS EASE UP ON CDS
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- September 8, 1994
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
DON STANCAVISH, Staff Writer
The Record (Bergen County, NJ)
09-08-1994
BANKS EASE UP ON CDS -- COFFERS ALREADY BULGE WITH CASH
By DON STANCAVISH, Staff Writer
Date: 09-08-1994, Thursday
Section: BUSINESS
Edition: All Editions -- 3 Star, 2 Star P, 2 Star B, 1 Star Late, 1 Star Early
October is fast approaching, the month when banks traditionally
raise rates on certificates of deposit to entice customers into keeping
their money locked up for another year.
But the rollover season for CDs is quickly becoming a dinosaur in
the industry, experts say. Cash-loaded banks are trying to lend money
out instead of lure it in.
"As the years go by, there's been less and less aggressive
rate-setting by ...