Bump-up CDs allow savers to bump up the interest rate once to a higher market rate.

Name: Bump-up CDs allow savers to bump up the interest rate once to a higher market rate.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Bump-up CDs typically offer a feature that allows the saver to request a one-time increase of their interest rate to the current market rate without penalty. This feature can make them an attractive option for savers who are worried about rates fluctuating over the term of their CD.

Bump-Up CDs Allow Savers to Bump Up the Interest Rate