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The last time that CD rates were at or above 5% was before the 2008 recession in October 2007. The average rate at the time was 5.08%. Then, during the recession, rates began to fall, reaching 0.2 ...
The national average five-year CD yield was 1.38 percent APY, which is higher than the rate of 1.41 percent around a year ago. CD rates have decreased from their current-cycle peak in October 2023.
Merchants Bank of Indiana‘s 5.92% Flex CD is holding strong — and will probably remain that way through August since the next time the Fed will make a rate decision will be in September.You ...
The Fed slashed its benchmark rate by another quarter point on Wednesday, yet you can still lock in a certificate of deposit with guaranteed returns of up to 4.27% APY on terms of 12 months or ...
Some of the best CD rates today include, but are not limited to, Amerant Bank, which offers the highest 6-month CD rate at 4.75% APY, and Dow Credit Union, which offers 4.65% APY on their 3-month ...
Merchants National Bank headquarters in Indianapolis in 1988. Merchants National Corporation (MNC) was an Indianapolis-based statewide bank holding company that was one of the largest Indiana-based financial institutions at the time it was acquired by Ohio-based National City Corporation in 1992.
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