Topic 3: Deposits and non-deposits borrowing
Chapter 12: Managing and pricing deposit services
Types of deposits account offered
Transaction Deposits
An account used primarily to make payments for purchases of goods and services (Thanh toán theo yêu cầu, có thẻ rút bất cứ lúc nào)
Noninterest-Bearing transaction deposits: Do not earn an explicit interest payment but provide the customer with payment services
Interest-bearing transaction deposits NOW - negotiable orders of withdrawal: Provide all the foregoing services and pay interest to the depositor as well
Nontransaction deposits
Passbook saving account
Statement saving account
Time deposit (CD)
Bill of exchange (Hối phiếu)
Interest rates offered on different types of deposits
The composition of deposits
Transaction deposits
Low-yielding time and saving deposits
The ownership of deposits
Chủ sở hữu chi phối tiền gửi ngân hàng ở Hoa Kỳ là khu vực tư nhân
The next largest deposit owner is state and local governments
Banks hold small amounts of government deposits
The cost of different deposit account
Pricing deposit-related services
Pricing deposits at cost plus profit margin
Deposits are usually priced separately from other services
Cost-plus pricing: Unit price charged for the customer for each deposit service = Operating expense per unit of deposit service + Estimated overhead expense allocated to the deposit service function + planned profit margin from each service unit sold
Using marginal cost to set interest rates on deposits
The marginal cost of moving the deposit rate from one level to another
The marginal cost rate, expressed as a percentage of the volume of additional funds coming into the bank