FT. LAUDERDALE, Fla. -- Glendale Federal Bank has introduced a 21-month certificate of deposit that features an introductory interest rate of 5.2% with a minimum deposit of $10,000.

The interest rate on the new certificates is locked in on the day of purchase, guaranteeing customers that rate of return throughout the 21-month term. Glendale Federal Bank operates 214 community banking offices in Florida, California, and Washington.

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