CD yields outpace national averages as Federal Reserve cuts signal a peak

A $50,000 deposit in a 5-year CD earning 4.34% APY will generate $11,833 in interest by the end of the term. This rate is currently offered by Advancial Federal Credit Union for a 5-year term with a minimum deposit of $50,000. The yield comes as the Federal Reserve has lowered interest rates for the third time this year, a signal that more cuts could follow. CD rates are expected to gradually decline from their recent highs. While national average APY for 2-year CDs is 1.61%, Mountain America Credit Union offers a 2-year CD at 4.20% APY.