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Rate Riser CD

A Rate Riser CD allows you to increase the interest rate on the CD 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.

Benefits

  • Allows customer to increase to the current 12-month rate once during the term
  • Protects customers from interest rate risk

Additional Information

  • 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