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Stock impact report

Have a CD account set to mature in 2026? Here's what experts recommend doing now. [CBS News]

Community Bank System, Inc. (CBU) 
Last community bank system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: CBS News
obvious and beneficial choices for earning more on your savings. The rate environment has changed a bit since then, though, with the Fed recently issuing back-to-back 25-basis-point rate cuts in September and October of this year. As a result, CD rates have dropped substantially. And, rates on these unique savings products could fall even further if the Federal Reserve's rate-cutting trend continues at its next meeting. While there's no guarantee it will happen, the likelihood of the Fed cutting rates at its December 10 meeting is just below 70%, according to the CME Group FedWatch Tool. That, in turn, could lead banks and credit unions to adjust what they're offering on their CD account options. So, if you have a CD scheduled to mature in 2026, this is a good time to think about your next move. When your CD account term ends, the rate climate could look very different compared to when you opened your account. Fortunately, there are a few smart moves you can consider now, before y Show less Read more
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