Bump-Up CDs: What They Are And How They Work - Bankrate
Aug 28, 2024 · What is a bump-up CD? Should I get a bump-up CD? Bump-up CDs allow you to raise your interest rate at least once during your CD term. Guidelines and restrictions on bump-up CDs vary...
Bump-Up Certificate Of Deposit (Bump-Up Cd) Overview
Mar 24, 2023 · A bump-up certificate of deposit (bump-up CD) is a savings certificate that entitles the bearer to take advantage of rising interest rates with a one-time option to raise (or “bump up”)...
Bump-Up CDs and Step-Up CDs: How They Work - NerdWallet
Dec 15, 2023 · Bump-up and step-up certificates of deposit are special types of CDs that allow for rate increases during a CD term. Learn about their pros and cons.
A Guide to Bump-Up CDs: What it is and How it Works - Synchrony
May 31, 2022 · A bump-up CD is a type of savings certificate that allows a one-time increase on the interest rate affixed to the CD. Should the interest rate of CDs rise, depositors can request to "bump up" their existing certificate of deposit to a new interest rate if the rates offered by the bank for their specific bump-up CD also rise.
Bump-Up CDs: What They Are And How To Use Them - CNBC
Aug 30, 2024 · A bump-up CD is a type of savings certificate that allows you to request a rate increase while the CD continues to mature without changing any other terms. If you closely watch interest rate...
What Is a Bump-up CD? - Business Insider
Jul 23, 2024 · What is a bump-up CD? A bump-up CD is a type of certificate of deposit with a variable interest rate, whereas traditional CDs have a fixed interest rate, meaning the initial rate...
Bump-Up CDs How They Work & Who They’re Suited For
Jan 9, 2025 · A bump-up CD is a certificate of deposit that lets you increase the interest rate once before maturity. Some longer-term bump-up CDs allow multiple rate adjustments. This feature capitalizes on rising rates, potentially earning you more.
Using A Bump-Up CD To Increase Your APY – Forbes Advisor
Jul 19, 2024 · A bump-up CD, sometimes called a raise-your-rate CD, is a certificate of deposit account that gives you the option to “bump up,” or increase, your APY during the CD’s maturity term.
Bump-up CDs: What are they and how do they work?
Aug 15, 2023 · A bump-up CD is a unique financial instrument that offers an interesting twist on traditional CDs, allowing savers and investors to benefit from rising interest rates. Find out how you can...
Bump-Up CDs: What They Are And How They Work - Wallet Canvas
Aug 29, 2024 · In a still-high interest rate environment, bump-up CDs (sometimes called “rate boost CDs”) give savers the option to increase their CD’s annual percentage yield (APY) without changing the terms of the CD.