Bump-up CD

What is Bump-up CD?

Bump-up CD meaning in finance terminology / glossary / dictionary is:
A bump-up CD is a time deposit that allows the CD holder to elect to increase the interest rate once during the CD term. Such an increase, however, would only be available if market interest rates move up. Traditional CDs carry fixed interest rates.

 

reference: MortgageLoan.com

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