Interest Bearing Checking for Business

​We still haven't had a lot of demand to pay interest on business checking accounts. The bigger pressure so far in this environment has been on fees. Most of our competition gives the services for free so we have to deal with that and are seeing a lot more business accounts being set up with most fees waived or just made part of the account at no cost.

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Brett Legg
President & CFO
The Eastern Colorado Bank
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Original Message:
Sent: 04-05-2018 13:45
From: Scott Yeoman
Subject: Interest Bearing Checking for Business

​At about the same time regulations changed to allow interest on business checking the banking crisis occurred; and then interest rates went to zero and paying interest on business accounts became a non-event.  Now, with rates higher and competition heating up, what new strategies are bankers using to defend their business transaction accounts without unduly increasing their funding costs, and what incentives are being used to have businesses pay for service fees with balances?

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Scott Yeoman
President and COO
First American State Bank
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