Landing Rock Cash Management Expands CD Offerings with Special and Odd-Term Options
TL;DR
Landing Rock's odd-month CDs offer higher rates, giving an advantage to customers seeking to lock in higher rates for longer periods.
Landing Rock's odd-month CDs offer terms of 7, 8, or 13 months, providing options for interest payments at maturity or monthly.
Landing Rock's odd-month CDs benefit customers by offering higher rates, making tomorrow better by providing more financial security.
The Landing Rock CD Marketplace offers odd-month CDs, featuring unique terms of 7, 8, or 13 months, providing diverse investment options.
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Landing Rock Group LLC, an affiliate of Double Rock Corp., has announced the successful integration of their pilot program for special and odd-term certificates of deposit (CDs) into their regular offerings. According to Landing Rock Senior Vice President Robert Bent, the CD Marketplace has seen significant growth, with customers now benefiting from these specialized CD options.
The Wall Street Journal recently noted the trend of certificates of deposit with 'unusual terms' offering higher-than-average market rates. Bruce Bent II, President of Landing Rock, highlighted that many banks and credit unions are now offering better rates with special and odd-month CDs. Landing Rock provides access to hundreds of CDs from various financial institutions nationwide, updated twice daily.
With speculation about the Federal Reserve potentially reducing interest rates before the end of 2024, there is a noticeable trend of customers seeking to lock in higher rates for extended periods by purchasing more CDs. Odd month CDs, featuring terms of 7, 8, or 13 months, offer alternatives to the standard 3, 6, 9, and 12-month maturities. These options allow banks and credit unions to attract new deposits without impacting existing customers with standard-term CDs.
Landing Rock offers a wide range of CD durations, from 3 months to 10 years, with flexible interest payment options either at maturity or monthly. Customers can easily view and purchase these certificates of deposit by opening a Landing Rock Insured Deposit Account online.
Landing Rock Group LLC serves a diverse clientele, including individuals, institutions, large corporations, small businesses, non-profit organizations, and financial advisors. As an affiliate of Double Rock Corporation, Landing Rock leverages innovative cash management solutions to meet the varied needs of its customers. Potential investors are encouraged to review Landing Rock's Terms and Conditions before making any investment decisions.
For more information, visit Landing Rock.
Curated from 24-7 Press Release
