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Bite the Bullet: Even If You “Know” Rates Can Only Rise

October 27, 2011
Alex Balc

It is no secret that depository institutions are absolutely flush with cash of late; if this is the case for your institution, then you are probably also familiar with the challenge of finding the means to put that cash to work at acceptable rates of return. Bank of New York recently made news with its announcement that it would begin charging a fee on large deposits (remember when you paid up to attract larger deposits?).

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