openPR Logo
Press release

Medici Bank Modernizes High Yield CDs to Maximize Savings

06-11-2024 05:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Brand Push
Medici Bank Modernizes High Yield CDs to Maximize Savings

Medici Bank proves that digital banks can afford to pay higher yields Certificates of Deposit (CDs).

In an era where banks have raised borrowing costs much faster than the interest rates they pay, Medici Bank is leveraging technology to be at the forefront of higher yielding bank accounts for those savings for the long term.

Over the past 40 years, bank Certificates of Deposits (CDs), have remained largely unchanged, offering slightly higher yields for committing funds to a predetermined term. When rates are low, they don't offer much benefit but when rates are high, like now, they can be a great way to lock in high returns over a longer period. Medici Bank has analyzed these trends to offer tailored CD products that cater to both short-term and long-term financial goals, enabling depositors to earn more for longer.

Digital Banks Elevating CD Returns:

Leveraging modern technology and efficient operations, Medici Bank [https://bit.ly/3QwTOzz] provides remarkably high interest rates for CDs, outperforming traditional banks consistently. This edge is primarily due to lower overhead costs using advanced automation processes, and the avoidance of operating branches, which lowers both real estate and labor expenses.

2024 and Beyond - A New Era for Savers:

As the economy stabilizes post-pandemic, Medici Bank's CD [https://bit.ly/3QwTOzz] options come with the promise of locking in higher returns over time.

Edward Boyle, CEO of Medici Bank, states, "A lot of banks are hoping and betting that interest rates set by the Federal Reserve Bank will decrease soon and aggressively. We disagree. We see rates staying higher for longer and so offer interest rates aligned with our analysis. The fact that we are web-native helps ensure we can offer higher yields because we need less margin to run our operations. Our goal is to empower savers to maximize return on their savings over time."

Strategic Savings with Medici Bank CDs:

Medici Bank's suite of CD products [https://bit.ly/3QwTOzz] ranges from short-term CDs for those seeking liquidity to multi-year CDs for those looking to lock in the high rates for even longer term, predictable growth. A "laddering" strategy is recommended for those looking to balance accessibility with the benefit of higher yields, allowing them to manage their savings effectively against the backdrop of an uncertain inflation landscape. Laddering is done by funding multiple CDs of varying duration, so that they have CDs regularly maturing over time, such as one every three or six months.

As digital banks continue to reshape the financial services landscape, Medici Bank is leading the charge by offering competitive rates that challenge traditional banking norms and cater to the savvy saver.

For more information about Medici Bank's CD [https://bit.ly/3V7v02J] options, please visit Medici Bank's official website [https://bit.ly/3V7v02J].
Media Contact
Company Name: Medici Bank International
Contact Person: Stephanie Blondet
Email: Send Email [http://www.universalpressrelease.com/?pr=medici-bank-modernizes-high-yield-cds-to-maximize-savings]
Country: Puerto Rico
Website: https://www.Medici.bank/us



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medici Bank Modernizes High Yield CDs to Maximize Savings here

News-ID: 3535026 • Views:

More Releases from Getnews

Friends of the Family Continues Commitment to Compassionate End-of-Life Care in Northville, MI
Friends of the Family Continues Commitment to Compassionate End-of-Life Care in …
Image: https://www.globalnewslines.com/uploads/2025/10/1761931681.jpg Friends of the Family continues its commitment to compassionate end-of-life care in Northville, MI, providing comfort and support during life's most challenging moments. This image captures the deep compassion and care given to individuals in their final stages, ensuring they receive the dignity, peace, and personalized care they deserve in the familiar setting of their own home. Friends of the Family continues to offer compassionate end-of-life care in Northville, MI,
HGM Glass Offers Professional Glass and Mirror Installation Services in Rehoboth Beach, DE
HGM Glass Offers Professional Glass and Mirror Installation Services in Rehoboth …
Image: https://www.globalnewslines.com/uploads/2025/10/1760090081.jpg Homeowners and vacation property owners in Delaware's beloved coastal community now have a new reason to refresh their interiors. HGM Glass, a locally owned glass design and installation company based in Berlin, Maryland, provides its services to Rehoboth Beach, offering residents and builders access to frameless shower doors in Rehoboth Beach, DE and a full suite of custom glass and mirror solutions. Homeowners and vacation property owners in Delaware's beloved
Cooperative Home Care Continues Offering Specialized Post-Hospital Home Care in Festus, MO.
Cooperative Home Care Continues Offering Specialized Post-Hospital Home Care in …
Image: https://www.globalnewslines.com/uploads/2025/10/1761929998.jpg Cooperative Home Care continues offering specialized post-hospital home care in Festus, MO, providing compassionate, personalized support to ensure a smooth recovery in the comfort of home. Our caregivers are dedicated to enhancing patients' well-being by assisting with daily activities and promoting healing during the crucial transition from hospital to home. Cooperative Home Care offers specialized post-hospital home care in Festus, MO, helping residents transition from hospital to home with vital
1st Choice Personal Care Continues to Offer Essential Mobile Lab Services in Indianapolis
1st Choice Personal Care Continues to Offer Essential Mobile Lab Services in Ind …
Image: https://www.globalnewslines.com/uploads/2025/10/1761929303.jpg 1st Choice Personal Care Continues to Offer Essential Mobile Lab Services in Indianapolis, making healthcare more accessible and convenient. Their at-home phlebotomy services ensure that individuals can receive quality care in the comfort of their own homes, improving health and well-being for the Indianapolis community. 1st Choice Personal Care announced it is continuing its Mobile Lab Services across Indianapolis, bringing certified, at-home phlebotomy to residents who face barriers to clinic

All 5 Releases


More Releases for Bank

Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf. This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021 Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021 Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other