Today’s rates on certificates of deposit are among the lowest they’ve been since Bankrate began archiving rates in 1984. However, a bump-up CD allows an investor to increase a CD’s rate one or more times during its term.
The bump-up option was offered on CDs ranging from 3 months to 7 years in maturity, with the most common offerings for maturities of 1 year through 5 years. However, the yields offered on the bump-up CDs in the survey fell short of the top-yielding, nationally available, traditional CDs of the same maturity.
| Institution name | Market | Maturity | APY | Conditions |
|---|---|---|---|---|
| Institution name: Amegy Bank | Market: Houston | Maturity: 12-month | APY: 0.1% | Conditions: Rising Rate CD Option – $1,000 to open; 1 increase in rate during term. |
| Institution name: Amegy Bank | Market: Houston | Maturity: 18-month | APY: 0.1% | Conditions: Rising Rate CD Option – $1,000 to open; 1 increase in rate during term. |
| Institution name: Amegy Bank | Market: Houston | Maturity: 24-month | APY: 0.15% | Conditions: Rising Rate CD Option – $1,000 to open; 1 increase in rate during term. |
| Institution name: Amegy Bank | Market: Houston | Maturity: 36-month | APY: 0.4% | Conditions: Rising Rate CD Option – $1,000 to open; 1 increase in rate during term. |
| Institution name: America First FCU | Market: Top 50 CU | Maturity: All terms (3-month to 60-month) | APY: 0.25-2.3% | Conditions: Bump Option on all CDs – $500 minimum; 1 increase in rate during term. |
| Institution name: Bank-Fund Staff FCU | Market: Top 50 CU | Maturity: 36-month | APY: 0.45% | Conditions: Step-Up Share CD – $1,000 minimum to open; 1 increase in rate during term. |
| Institution name: Bank-Fund Staff FCU | Market: Top 50 CU | Maturity: 60-month | APY: 0.7% | Conditions: Step-Up Share CD – $1,000 minimum to open; 1 increase in rate during term. |
| Institution name: BECU | Market: Top 50 CU | Maturity: 12-month | APY: 0.2% | Conditions: Bump Up CD – $500 minimum; rates tiered: $500-$50,000: 0.2% APY (0.45% with member advantage), $50,000-$100,000+: 0.25% APY (0.5% with member advantage); 1 increase in rate per term. |
| Institution name: BECU | Market: Top 50 CU | Maturity: 24-month | APY: 0.35% | Conditions: Bump Up CD – $500 minimum; rates tiered: $500-$50,000: 0.35% APY (0.6% w ith member advantage), $50,000-$100,000+: 0.4% APY (0.65% with member advantage); 1 increase in rate per term. |
| Institution name: Bethpage FCU | Market: Top 50 CU | Maturity: 36-month | APY: 1.2% | Conditions: Bump Up CD – $50 minimum; 1 rate increase allowed during term. |
| Institution name: Colombo Bank | Market: DC Metro | Maturity: 14-month | APY: 1.16% | Conditions: Bump-Up CD – $1,000 minimum; one-time increase in rate during term; additional deposits of $1,000 allowed at any time. |
| Institution name: Digital FCU | Market: Top 50 CU | Maturity: 15-month | APY: 0.63% | Conditions: Jump-Up Certificate – $500 minimum to open; 1 increase in rate per term; 0.73% APY at $25,000. |
| Institution name: Digital FCU | Market: Top 50 CU | Maturity: 27-month | APY: 1.13% | Conditions: Jump-Up Certificate – $500 minimum to open; 1 increase in rate per term; 1.23% APY at $25,000. |
| Institution name: East Boston Savings Bank | Market: Boston | Maturity: 25-month | APY: 1.41% | Conditions: Bump-Up CD – $1,000 minimum; one-time bump-up to the then-current 24-month CD rate. |
| Institution name: Ent FCU | Market: Top 50 CU | Maturity: 24-29 months | APY: 1.11% | Conditions: Priority Certificates – $5,000 minimum; 1 rate increase per term; 1 additional deposit of $1,000 or more during the first year of the term; 1 penalty-free withdrawal of up to 50% of your certificate balance. |
| Institution name: Ent FCU | Market: Top 50 CU | Maturity: 30-35 months | APY: 1.25% | Conditions: Priority Certificates – $5,000 minimum; 1 rate increase per term; 1 additional deposit of $1,000 or more during the first year of the term; 1 penalty-free withdrawal of up to 50% of your certificate balance. |
| Institution name: Ent FCU | Market: Top 50 CU | Maturity: 36-month | APY: 1.4% | Conditions: Priority Certificates – $5,000 minimum; rate increase per term; 1 additional deposit of $1,000 or more during the first year of the term; 1 penalty-free withdrawal of up to 50% of your certificate balance. |
| Institution name: First Savings Bank of Hegewisch | Market: Chicago | Maturity: 2-year | APY: 0.7% | Conditions: Step-Up – $5,000 minimum; rate can be increased once during the term of the CD. |
| Institution name: First Savings Bank of Hegewisch | Market: Chicago | Maturity: 3-year | APY: 0.95% | Conditions: Step-Up – $5,000 minimum; rate can be increased once during the term of the CD. |
| Institution name: First Tech FCU | Market: Top 50 CU | Maturity: 13-month | APY: 0.35% | Conditions: Bump-Up Share Certificate – $500 minimum; 1 rate increase and 1 additional deposit up to the original amount at the start of the current term. |
| Institution name: Kinecta FCU | Market: Top 50 CU | Maturity: 18-month | APY: 0.5% | Conditions: Bump-Up – $1,000 minimum; 1 increase in rate per term. |
| Institution name: Logix FCU | Market: Top 50 CU | Maturity: 12-month | APY: 0.25% | Conditions: Bump Rate Certificate – $5,000 minimum; 1 increase in rate during term. |
| Institution name: Luther Burbank Savings | Market: Los Angeles | Maturity: 18-month | APY: 0.85% | Conditions: Bump-Up CD – $1,000 minimum; increase rate 1 time during first 6 months; rate can increase a maximum of 1% from opening rate. |
| Institution name: Luther Burbank Savings | Market: San Francisco | Maturity: 18-month | APY: 0.85% | Conditions: Bump-Up CD – $1,000 minimum; increase rate 1 time during first 6 months; rate can increase a max of 1% from opening rate. |
| Institution name: Mountain America FCU | Market: Top 50 CU | Maturity: 18-month | APY: 1% | Conditions: Bump-Up – $500 minimum; 1 increase in rate per term. |
| Institution name: Mountain America FCU | Market: Top 50 CU | Maturity: 36-month | APY: 1.5% | Conditions: Bump-Up – $500 minimum; 1 increase in rate per term. |
| Institution name: Mountain America FCU | Market: Top 50 CU | Maturity: 60-month | APY: 2.1% | Conditions: Bump-Up – $500 minimum; 1 increase in rate per term. |
| Institution name: OnPoint Community CU | Market: Top 50 CU | Maturity: 12-month | APY: 0.2% | Conditions: Booster Rate CD – $1,000 to open; 1 increase in rate per term. |
| Institution name: OnPoint Community CU | Market: Top 50 CU | Maturity: 18-month | APY: 0.3% | Conditions: Booster Rate CD – $1,000 to open; 1 increase in rate per term. |
| Institution name: OnPoint Community CU | Market: Top 50 CU | Maturity: 24-month | APY: 0.35% | Conditions: Booster Rate CD – $1,000 to open; 1 increase in rate per term. |
| Institution name: Presidential Bank, FSB | Market: DC Metro | Maturity: 12-60 months | APY: 0.95-1.53% | Conditions: Bump-Up Option – $1,000 minimum; all terms 12 months or greater have a one-time bump option (12 months -0.95% APY, 24 months – 1.1% APY, 36 months – 1.25% APY, 60 months -1.53% APY. |
| Institution name: Redstone FCU | Market: Top 50 CU | Maturity: 36-month | APY: 0.95% | Conditions: Member’s Choice CD – $1,000 minimum; increase your rate any time after the first 90 days, then once every 365 days thereafter; 1.21% APY if member has and maintains an active checking account. |
| Institution name: Redstone FCU | Market: Top 50 CU | Maturity: 48-month | APY: 1.26% | Conditions: Member’s Choice CD – $1,000 minimum; increase your rate any time after the first 90 days, then once every 365 days thereafter; 1.51% APY if member has and maintains an active checking account. |
| Institution name: Redstone FCU | Market: Top 50 CU | Maturity: 60-month | APY: 1.46% | Conditions: Member’s Choice CD – $1,000 minimum; increase your rate any time after the first 90 days, then once every 365 days thereafter; 1.71% APY if member has and maintains an active checking account. |
| Institution name: Redstone FCU | Market: Top 50 CU | Maturity: 84-month | APY: 1.76% | Conditions: Member’s Choice CD – $1,000 minimum; increase your rate any time after the first 90 days, then once every 365 days thereafter; 2.02% APY if member has and maintains an active checking account. |
| Institution name: San Diego County CU | Market: Top 50 CU | Maturity: 50-month | APY: 1.45% | Conditions: Bump CD – $2,000 minimum; 1 increase in rate during term; $10,000-$89,9999: 1.5% APY, $90,000+: 1.55% APY. |
| Institution name: State Employees FCU | Market: Top 50 CU | Maturity: 18-month | APY: 0.4% | Conditions: Risk-Free Share Certificate – $500 minimum. You may change the term and increase your rate one time within the first 6 months of opening. The new term must be at least 12 months. |
| Institution name: State Employee CU of MD | Market: Top 50 CU | Maturity: 5-year | APY: 1.25% | Conditions: Step-Up – $500 minimum; 1 rate increase in rate per term. |
| Institution name: Tinker FCU | Market: Top 50 CU | Maturity: 30-month | APY: 1.11% | Conditions: Rate Booster Term Share CD – $1,000 minimum; 1 rate increase per term. New rate will be 0.2% higher than current 24-month ($10,000 tier) CD rate. |
| Institution name: Tower FCU | Market: Top 50 CU | Maturity: 4-year | APY: 0.45% | Conditions: Bump-Up Share CD – $5,000 minimum; 1 rate increase per term. |
| Institution name: Tower FCU | Market: Top 50 CU | Maturity: 5-year | APY: 0.7% | Conditions: Bump-Up Share CD – $5,000 minimum; 1 rate increase per term. |
| Institution name: United Nations FCU | Market: Top 50 CU | Maturity: 30-month | APY: 1.5% | Conditions: Flex Rate CD – $500 minimum; 1 rate increase per term. |
| Institution name: VyStar CU | Market: Top 50 CU | Maturity: 18-month | APY: 0.76% | Conditions: Step-Up CD – $500 to open; 1 rate increase per term; additional deposits of $2,000 allowed at any time; $50,000+ 0.81% APY. |
A total of 150 institutions — the 10 largest banks and largest thrifts in each of 10 U.S. markets, plus the nation’s 50 largest credit unions — were surveyed March 8-16, 2016, for their offerings on liquid CDs, bump-up CDs, step-up CDs and callable CDs. Some of the offers appear in more than 1 category if they contain features of more than 1 type of product.
Included in Bankrate’s CD survey results is a listing of the banks, their locations and their CDs’ maturities, initial annual percentage yield and yield to maturity. You also can find the best CD rates at Bankrate.com.
