A jump rate CD is also known as a(n):

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A jump rate CD is also known as a bump-up CD, which allows the investor to increase the interest rate on the CD during its term. This can be a useful feature if interest rates rise after the CD is purchased. A trust CD is not a commonly used term and is not related to jump rate/bump-up CDs. Zero coupon CDs are different from jump rate/bump-up CDs in that they do not pay interest but are sold at a discount and then pay the face value at maturity. Federal funds CDs are CDs that are issued by banks to other banks in exchange for federal funds. Fixed-rate CDs do not offer the bump-up feature.

A Jump Rate CD Is Also Known as A(n)