Test CD Brings In $1M Per Day

Interra Credit Union discusses a short-term 2% CD it used to test the waters for deposits.

 
 

To support its double-digit loan growth, Interra tested out a high-rate certificate of deposit in November 2013 that resulted in $34 million deposited into 890 CDs with an average balance of $38,000.

On March 3, 2015, David Birky, Interra's chief strategy officer who oversees retail services, hosted an in-depth discussion about the credit union's CD promotion.

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March 9, 2015


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