Sol Nasisi 's Articles

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One question I frequently get asked when discussing bank rates is whether higher rates are usually offered by distressed banks. The thinking goes that distressed banks need to hang on to deposit dollars in order to maintain their liquidity. As a result, they offer higher rates in order to attract new money and convince depositors to keep money in the bank.
Posted on May 10,2011 by

Sol Nasisi

Sol Nasisi
Bio: Sol Nasisi, co-founder of BestCashCow, has over 12 years of experience in the banking and finance world. He worked at Bank of America where he was involved in a variety of product lines including online banking, deposit accounts, mortgage products, and home equity. He holds a particular interest in how digital technology can create more transparent financial markets for both institutions and investors. He received an MBA from the University of Texas at Austin and a BA from Tufts University. He is also a graduate of The Graduate School of Retail Bank Management sponsored by the Consumers Bankers Association. You can follow him on Twitter: http://twitter.com/#!/SolNasisi

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