16 best long-term CDs to open this June (with rates up to 4.80%) [CBS News]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: CBS News
long-term CDs give you the ability to lock in today's competitive returns for years to come. And, that's important in today's interest rate environment. Thanks to a federal funds rate that remains frozen at a 23-year high , many deposit accounts are offering impressive returns. "The current rates on CDs have been up most of this year and should be considered for one's portfolio," explains Michael Morgan, president of the financial planning firm, TBS Retirement Planning. "These rates are running between 4% and 5%." But, there's a strong argument suggesting that today's high returns won't be available much longer The federal funds rate is high because rate hikes are the Federal Reserve's most effective tool to fight inflation . And, with post-COVID-19 inflation rates reaching as high as 9.1% , the Fed hiked rates several times following the pandemic. But, inflation is cooling. May's inflation rate was 3.3% . That followed April's 3.4% inflation rate which followed March's 3.5%
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News
- LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates Program [Yahoo! Finance]Yahoo! Finance
- LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates ProgramPR Newswire
- What Is Peer-to-Peer Lending and When Should You Consider It? [Yahoo! Finance]Yahoo! Finance
- LendingClub Co. (NYSE: LC) is now covered by analysts at BTIG Research. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
- Achieving Financial Independence Through Passive Income [Forbes]Forbes
LC
Earnings
- 4/30/24 - Beat
LC
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- LC's page on the SEC website