Will long-term CDs still be worth opening this October? [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 yields were driven up by repeated increases in the federal funds rate as the U.S. Central Bank sought to get decades-high inflation under control. The Federal Reserve has now issued its first rate cut in four years, though, so the days of CD rates above 5.00% may soon be numbered -- and long-term CDs especially have already begun to see yields decline. Amid this backdrop, some investors may be wondering if it'll be worth committing to lock up money for the duration of a CD term . If you're undecided about whether long-term CDs will still be worth opening this October, it helps to weighs the pros and cons now. Start by seeing how high of a CD rate you could still earn here now Will long-term CDs still be worth opening this October? With the Federal Reserve's rate cut, CD yields in October likely will be down from their recent peak. However, rates may still be competitive in historical terms, so it may be worth seizing the opportunity to lock in before yields fall further.
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CBU
Earnings
- 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