What could happen to CD interest rates this October? Here's what experts think. [CBS News]
Community Financial System, Inc. (CBU)
Last community financial system, inc. earnings: 4/20 06:45 am
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Source: CBS News
CD rates soared as the Federal Reserve raised the benchmark interest rate to fight inflation. While high-yield savings account rates also climbed, many borrowers opted for CDs over savings accounts because savings account rates are variable while CD rates are locked in. CDs may be losing their allure, though, as a recent Fed rate cut means there are now fewer options for CDs offering yields above 5.0%. For borrowers wondering whether to open a new CD or savings account before the Fed cuts rates again, it can be helpful to see where experts think rates will trend this October. See how much more you could be earning on your money with a top CD here now What could happen to CD interest rates this October? Here's what some experts are predicting for the CD interest rate landscape this month: CD rates are likely to decline this month While lower inflation data may be good news for consumers as a whole, investors who jumped at the chance to buy FDIC-insured CDs at great rates are li
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CBU
News
- Community Financial System Announces Fourth Quarter and Full Year 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- Community Financial System Announces Fourth Quarter and Full Year 2024 Earnings Conference CallGlobeNewswire
- Community Bank System, Inc. (NYSE: CBU) is now covered by analysts at Piper Sandler. They set a "neutral" rating and a $70.00 price target on the stock.MarketBeat
- Community Bank System, Inc. (NYSE: CBU) had its price target raised by analysts at Keefe, Bruyette & Woods from $64.00 to $74.00. They now have a "market perform" rating on the stock.MarketBeat
- Community Bank System, Inc. (NYSE: CBU) was upgraded by analysts at Raymond James from a "market perform" rating to a "strong-buy" rating. They now have a $67.00 price target on the stock.MarketBeat
CBU
Earnings
- 10/22/24 - Miss
CBU
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/19/24 - Form 8-K
- CBU's page on the SEC website