ONLINE BANK DRIVES SAVINGS ACCOUNT APPLICATIONS
An online bank was looking to increase applications for new savings accounts through their website. They enlisted the help of Beasley Media Group to run a programmatic campaign based on unstructured data to reach their target audience, drive web traffic and boost savings account applications. The primary goal was to achieve a $250 CPA (Cost Per Action), with the action defined as a click-through or view-through visit resulting in a completed savings account application. The advertiser also wanted to maximize the deposit-to-cost ratio, which reflects the amount of money deposited into newly opened accounts.
Beasley Media Group developed a comprehensive strategy of search retargeting and category contextual targeting to reach users with interest in signing up for a savings account online. The campaign featured custom keyword lists under different categories of banking terms – such as Savings, Money Market Accounts, General Banking, and Personal Finance – and utilized both display and mobile creatives. After campaign launch, Beasley Media Group and our multivariate algorithms worked to continuously optimize keywords and drive down the CPA. Enhancements included shifting budget to the top-performing keyword buckets, adjusting bid amounts, and blacklisting domains. Additionally, the advertiser tracked the deposit-to-cost ratio on the back end. They shared this information with Beasley and the team was able to manually optimize the campaign to the placements that showed the highest deposit amounts.