Make the most of your CD’s earning potential with a 12-Month Rate Riser CD. This CD allows you to increase the interest rate to the current 12-month rate once during the term. This CD is only available for a 12-month term and has a minimum balance requirement of $500. Also, the 12-Month Rate Riser CD renews automatically to a 12-month term, unless you request changes. You will receive notice before renewal and enjoy a 10-day grace period to make changes.
12-Month Rate Riser CD offers the following benefits:
- Allows customer to increase to the current 12-month rate once during the term
- Protects customers from interest rate risk
- Auto-renews to 12-month term
- Customer receives notice before renewal and has a 10-day grace period to make changes
- Certificates of Deposit subject to penalty for early withdrawal