Landing Rock Group LLC Announces Success of Pilot Program for Special CDs and Odd-Term CDs

Landing Rock Group LLC Announces Success of Pilot Program for Special CDs and Odd-Term CDs

Key Takeaways (TLDR)

• 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.

Why it Matters

This news matters as it highlights an opportunity for consumers to benefit from higher than average market rates offered by banks and credit unions nationwide. With potential interest rate reductions on the horizon, customers are seeking to lock in higher rates for longer periods, making the incorporation of special and odd-term CDs into regular CD offerings a significant development.

Summary

Landing Rock Group LLC, an affiliate of Double Rock Corp., has announced the success of its pilot program for special CDs and odd-term CDs, which will now be incorporated into the regular CD offerings. The company provides hundreds of CDs from banks and credit unions nationwide, with options for interest payments at maturity or monthly. The news comes amid a trend of customers seeking to lock in higher rates for longer periods by purchasing more CDs in anticipation of potential interest rate reductions by the Federal Reserve Bank before the end of 2024.

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