I'm trying to update the Advanced Custom Fields meta value associated with a custom taxonomy term

```
$term_status = wp_update_term( $rate_id, 'rate', $term_data );

$term_id = $term_status['term_taxonomy_id'];

update_field( 'field_56829855eebc9',$rate_daily,$term_id );

```

However, I'm not getting the field updated. I have tried the field name instead of the field key too.