Products / Bump-Up Certificate of Deposit
Bump-Up Certificate of Deposit
For customers who..... are able to open the account with a larger balance and want the opportunity to increase their rate within their term without incurring a penalty.
- Bump-Up CDs allow you to adjust the interest rate one time during the term of your certificate.
- The new interest rate paid will be the rate in effect for your term's Bump-Up CD on the date you exercise the option and will be paid until maturity.
- Exercising the Bump-Up feature does not affect the term or maturity date of your certificate.
- Bump-Up CDs are variable rate accounts. Interest rates and APY may change after the account is open due to a Bump-Up feature.