Bump Up Your CD!

Maybe you’re hesitant to lock into a fixed rate now when the economy may pick up. Your credit union wants to introduce the Bump Up CD.

Here’s a scenario of how it works:

Joe Fireman opens up a 3 year CD at a fixed rate of 2.35% APR. Two years later, our rates go up to 3.5% APR. Joe can contact a Member Service Representative to utilize the “bump up” feature (which is only available once within the term of the CD) so he can now take advantage of the 3.5% APR. But his maturity date will stay the same, meaning we won’t extend the term another 3 years.

It’s that easy! But this offer won’t last long. Move over those high balances from your other accounts and open up a 3 or 5 year CD from now until March 31, 2010 to take advantage of the bump up feature.

Contact the credit union for more details or to take advantage of this new product today!