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Stock impact report

Short-term CD accounts vs. long-term CD accounts: Which will be better for 2026? [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
In all, the Fed rate has dropped 1.75% since September 2024, which marked the first federal funds rate cut in four years . These cuts have been welcome news for those who've been waiting on the sidelines for more affordable borrowing options to emerge. However, a cooling rate environment isn't nearly as beneficial or as welcome for savers who've enjoyed the higher yields that came with elevated interest rates in recent years. Certificate of deposit accounts (CDs) , for example, no longer offer yields up to 6% , which was the case at one point. However, CD rates remain competitive and are still higher than what was available in 2020 and 2021. That means CD accounts are still worth opening. You can find CD yields that are expected to outpace inflation and provide a guaranteed rate of return on your savings. But in this rate environment, is it better to open a short- or long-term CD account? Which option stands to benefit you the most in 2026? Let's take a closer look at both scenari Show less Read more
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