Alkami Technology Plano Texas

Infographic: 3 Strategies to Grow Deposits in 2023

Tackling FIs’ #1 Priority:
Deposit Growth

A recent survey found that 43% of FI respondents listed deposit growth as their #1 priority over the next two years.

As financial institutions battle deposit outflow, a competitive rate environment, and megabank and neobank challengers nibbling on their hard-earned banking relationships, they need a digital banking solution that does more than service account holders. 

Instead, FIs need a platform that accelerates deposit growth by giving users the consumer banking solutions they expect and want – before they know they need it. That’s the key to primary FI status.

Turn these deposit-raising tactics into a strategy
To effectively grow deposits, you should strategize how to acquire new depositors, win deposit relationships, and activate data to best target users.