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Why High Yield Savings Is the Secret Weapon for Banks Looking to Attract More SMBs
Small and medium-sized businesses (SMBs) are the economic backbone of communities across the country, representing 44% of U.S. economic activity. But financial products, especially savings, are often treated like an afterthought. That’s a missed opportunity. And it’s...
From Foot Traffic to Funded Accounts – How Banks Can Replace Deposits Post-Branch Closure
Part 3 of our “Top 5 reasons financial institutions contact Plinqit” series: You need funding replacement from branch consolidation. Read Part 1 and Part 2.Branch closures are a strategic reality for many banks. Whether driven by cost reduction, digital...
The Correlation Between Fraud and Ill-Fitting Fintech Partnerships
For today’s banker, fraud can often feel like a contagion – an ever-present threat waiting to strike your financial institution. But what if I told you that one of your best defenses against fraud lies not just in security systems, but in the integrity of your fintech...
Reducing Your Dependence on Costly Short-Term Funding Sources
Part 2 of our "Top 5 reasons financial institutions contact Plinqit" series: You need to offset reliance on costly, non-core funding sources. Read Part 1.When your bank or credit union’s funding mix leans too hard on expensive, short-duration sources, margins suffer....
Bridging Loan-to-Deposit Ratio Imbalances with Digital Channels
Part 1 of our "Top 5 reasons financial institutions contact Plinqit" series: Loan growth exceeds deposit growth in your current footprint.Loan growth is good, but only if deposits keep up. You’re a master of the balance sheet, so this is not new news to you. As loans...
Plinqit Wins FinTech Marketing North American Award for Best Use of Thought Leadership
Plinqit announced it has won the FinTech Marketing North American Award in the Best Use of Thought Leadership category. The recognition honors Plinqit's comprehensive thought leadership campaign centered around its 2024 State of Savings Report, which delivered...
Rethinking Digital Account Acquisition with High-Yield Savings
It’s a reality that many financial institutions are starting to face – the digital checking account boom is not as profitable as it might seem. Offering free checking accounts online may seem like an attractive entry point, but it comes at a high cost. These accounts...
3 Keys to High Yield Savings Success
When your financial institution is considering driving deposit growth with Plinqit’s white-labeled High Yield Savings solution, you’ll want to know how the best HYS clients succeed. Discover 3 strategic tips to maximize ROI, attract younger customers, and outperform your goals.
Plinqit Surpasses $3 Billion in Deposits, Unveils New Website
Plinqit is celebrating a major milestone! Deposits generated through its High Yield Savings product have surpassed $3 billion. To reinforce their support for financial institutions in generating deposit growth, Plinqit also launched a refreshed website. “Our mission...
How High-Yield Savings Can Attract the Next Generation of Savers
Today’s youngest workers are proving so far to be some of the most dedicated savers. And several of Plinqit’s High Yield Savings bank clients report that Gen Z customers maintain average saving balances exceeding $40,000. Read the full article on FinXTech for how to...