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0 -0.000583771161704703 0.00198482194979562 -0.000583771161704703 0.0035026269702276 0.000583771161704496 -0.0040863981319323 0.00291885580852289
Stock impact report

Does a short-term or long-term CD make more sense this spring? Experts weigh in [CBS News]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: CBS News
In its attempt to get inflation down to 2% (it's still over 3%), the Federal Reserve hiked interest rates significantly between 2022 and today. That caused CD rates and savings rates to spike as well. But inflation has started to recede, and those high rates won't last forever. In fact, many banks are counting on rates falling soon, and the fact that long-term CDs have lower rates than shorter ones supports that. This is not the norm in the CD world. Typically, long-term CDs pay much higher rates than shorter term ones do Will this trend last, though? And what CD term should you focus on this spring? We asked some experts to weigh in. Considering a CD now? See how much more interest you could be earning here Does a short-term or long-term CD make more sense this spring? Here are the factors to consider when choosing between short-term and long-term CDs this spring, according to the experts we consulted. For maximum interest: Short-term CDs If you want to maximize the interes Show less Read more
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