A $50,000 deposit in a five-year certificate of deposit earns $11,833 in interest by the end of the term. This rate of 4.34% APY is offered by Advancial Federal Credit Union for a five-year term.
This yield is available to those who can meet the $50,000 minimum deposit requirement. The Federal Reserve has lowered interest rates for the third time this year, signaling that more cuts could be on the horizon.
CD rates are expected to gradually decline from recent highs. This 4.34% APY is the highest available rate in the current market.
CD rate changes
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