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 reported the successful completion of its pilot program for special certificates of deposit (CDs) and odd-term CDs. These offerings will now be integrated into Landing Rock's regular CD portfolio. According to Robert Bent, Senior Vice President at Landing Rock, the CD marketplace has continued to expand, offering customers access to a variety of special and odd-month CDs.
In May, the Wall Street Journal highlighted the increasing availability of CDs with unusual terms that offer above-average market rates. Bruce Bent II, President of Landing Rock, noted a similar trend, with banks and credit unions providing better rates through these special and odd-month CDs. Landing Rock's platform offers a wide range of CDs from financial institutions across the country, updated twice daily. With speculation that the Federal Reserve Bank may reduce interest rates before the end of 2024, there is growing interest among consumers to lock in higher rates for extended durations by opting for more CDs.
Odd-month CDs, also referred to as odd-duration or odd-term CDs, have terms of 7, 8, or 13 months, unlike the standard 3, 6, 9, and 12-month maturities. Financial institutions use these unique terms to attract new deposits without impacting existing customers with standard-term CDs. Landing Rock offers CDs ranging from 3 months to 10 years, with options for interest payments either at maturity or on a monthly basis. Customers can easily open a Landing Rock Insured Deposit Account online to view and purchase these CDs.
Landing Rock Group LLC serves a broad clientele, including individuals, institutions, large corporations, small businesses, non-profit organizations, and financial advisors. As an affiliate of Double Rock Corporation, Landing Rock benefits from its association with a leader in cash management and financial technologies. Potential investors are encouraged to review Landing Rock's Terms and Conditions before making any investment decisions.
For more information, visit Landing Rock's official website.
Curated from 24-7 Press Release
