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
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- 10/22/24 - Miss
CBU
Sec Filings
- 11/15/24 - Form 4/A
- 11/14/24 - Form 13F-HR
- 11/12/24 - Form 8-K
- CBU's page on the SEC website