The Morning Blend: How Are Rising Interest Rates Impacting Business?
We are feeling the pinch of inflation in our pocketbooks. We are also experiencing rapid increases in interest rates. Gerard Buccino, CEO of Centrust Bank, was featured today on Milwaukee TMJ4’s Morning Blend to explain what it all means.
Rising interest rates can mean higher returns on savings. That’s the good news: Rising interest rates mean that the money you’ve deposited is now eligible for higher returns. The bad news is the level to which those rates rise is left somewhat to the discretion of individual financial institutions. So, while you may see a higher return, there’s no guarantee you’ll see the highest possible rate out there.
Deposit management services can provide significant value. As a bank, Centrust can spread your business’s extra cash around to a network of other banks to get the best possible return. It’s a valuable addition to your overall cash management strategy, particularly when rates start to rise.
Contact us at Centrust Bank to learn more. We are here to help!
Business Loans
August 20, 2026
Why Local Lenders Look Beyond the Paperwork
When you apply for a small business loan, there are plenty of documents that you will have to complete. Whether they’re submitted digitally or on paper, financial statements,...
Read More
Business Loans
August 13, 2026
How to Prepare for Your First SBA Loan Application
SBA loans are widely viewed as a leading financing option, thanks largely to their extended repayment terms, competitive interest rates, and borrower-friendly features....
Read More
Business Banking
August 06, 2026
Planning a Big Expansion? Here’s How Your Banking Relationship May Help
Opening another location, purchasing a building, adding employees, or investing in equipment may represent an exciting step for your business. It may also introduce new...
Read More
1. We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, SmartBiz Bank and the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may impact your credit score.
The Centrust Blog and other related communications from Centrust Bank, a division of SmartBiz Bank℠, are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial professionals for further information.
