Banks Desperate for Deposits

I work for a bank. I am not a decision maker, lender, or customer support rep. They send out regular emails regarding public policy and new CD and rate changes. We have a special going on now. Was told it will be a "tremendous help" and they want us to reach out to "customers, prospects, friends, and family." They are also offering incentives via a percentage of new money deposits on commission. They are discouraging rate increase exceptions as well.

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I'm curious to see where this goes for my bank and others around the country.