If you want to invest in a bump up CD and need a quick lesson on them, you’ve come to the right place. Here’s our quick guide to everything you need to know about bump up CD accounts and how to invest in them.
Bump Up CD Definition
A bump up CD is a type of certificate of deposit wherein the investor is allowed the option of bumping up the CD rate if interest rates climb before the CD matures. Most banks only allow one bump up per account before maturity, but others allow it several times. Generally, bump up CDs have lower interest rates traditional CD accounts but still remain competitive compared to savings and money market yields.
Bump Up CDs Explained
Here are some reference articles that will tell you anything and everything you need to know about bump up CDs, as well as where to find the best rates for them.
Bump Up CD Basics
Learn more about the basics of these types of investments, including limitations, investing strategies and frequently asked questions.
Best Bump Up CDs of 2010
We’ve gathered a list of the best bump up CDs of 2010 for your investing pleasure. Investing should be easy if you’ve read everything in our guide.
