: Gives you the option to "bump up" your interest rate once or twice if the bank’s rates for new CDs rise during your term.
A bank is a low-risk savings account that holds a fixed amount of money for a fixed period of time, in exchange for a guaranteed interest rate. Core Features
: Unlike traditional savings accounts with variable rates, a CD locks in a specific rate for the entire term.
This protects your returns from market fluctuations or falling federal interest rates.
: Permits you to make additional deposits after the initial account opening, which is not usually allowed with traditional CDs.
: You agree to leave your funds untouched for a specific duration, typically ranging from 3 months to 5 years .