Landing Rock Cash Management Expands CD Offerings with Special and Odd-Term Options

Landing Rock Group LLC, an affiliate of Double Rock Corp., has announced the successful integration of special and odd-term Certificates of Deposit (CDs) into its regular offerings following a successful pilot program. This expansion comes at a time when investors are seeking to capitalize on higher interest rates before potential Federal Reserve rate cuts.

Robert Bent, Senior Vice President of Landing Rock, highlighted the growth of the Landing Rock CD Marketplace and the benefits customers are reaping from these new CD options. The company's move aligns with a broader market trend, as noted by Bruce Bent II, President of Landing Rock, who referenced a Wall Street Journal article from May discussing the emergence of CDs with 'unusual terms' offering above-average market rates.

Odd-term CDs, which include durations such as 7, 8, or 13 months, differ from standard 3, 6, 9, and 12-month terms. These products are often used by financial institutions to attract new deposits without impacting existing customers holding standard-term CDs. Landing Rock's offerings now span from 3 months to 10 years, with flexible interest payment options.

The timing of this expansion is particularly significant given the current economic climate. With speculation about potential interest rate reductions by the Federal Reserve before the end of 2024, Landing Rock has observed an increase in customers looking to secure higher rates for longer periods through CD purchases.

This development is important for investors and savers alike, as it provides more options for maximizing returns on cash investments. The inclusion of special and odd-term CDs in Landing Rock's offerings allows customers to potentially earn higher yields compared to traditional CD terms, which could be especially valuable in a changing interest rate environment.

Landing Rock's online platform enables customers to easily view and purchase these diverse CD options after opening an Insured Deposit Account. The company updates its selection of CDs from banks and credit unions nationwide twice daily, ensuring customers have access to current rates and terms.

As an online cash management provider, Landing Rock serves a wide range of clients, including individuals, institutions, corporations, small businesses, non-profit organizations, and financial advisors. The company's affiliation with Double Rock Corporation, known for its innovative cash management solutions, positions it to offer cutting-edge financial products to multiple industries.

For those interested in exploring these new CD options, more information can be found at Landing Rock's website. However, potential customers are advised to carefully review the Terms and Conditions before making any investment decisions.

As the financial landscape continues to evolve, Landing Rock's expanded CD offerings represent a strategic move to provide investors with more tools to navigate the current interest rate environment and potentially enhance their cash management strategies.