A bump-up CD allows you to boost your APY when interest rates rise without having to change any of its other terms.
Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...
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Bump-up CDs: What they are and how they work
A bump-up CD allows you to increase your interest rate one or more times during the CD’s term if rates rise, typically on 2-3 year terms. Bump-up CDs typically start with APYs that are 0.10-0.25 ...
Certificates of deposit are becoming a more attractive savings option thanks to being a low-risk investment with greater earning power as interest rates continue to rise. A CD is a fixed-rate deposit ...
With interest rates higher than they have been in 40 years, it may be a good time to consider investing in a certificate of deposit. While most CDs offer fixed rates, there are some flexible CD ...
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