What are bump up CDs?
In Banking - Cds - Asked by Admin - 14 months ago
A bump up CD allows the account holder to bump up their interest rate to a rate the bank is offering without changing the CD maturity date.
Answered by Admin - 14 months ago
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If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what are bump up cds?" Zuuply.com can answer them or you can browse our archives.