30-Month Bump Up CD: 0.45% APY*
Do you like the idea of a CD, but are worried about locking in your rate too soon? A bump up CD can help alleviate the fear of missing out on a higher rate. With a BankFive 30-Month Bump Up CD, you get all the benefits of a traditional CD, plus the ability to “bump up” your rate once during your 30-month term if our product rate increases after you open your account. This unique bump up CD can help Massachusetts and Rhode Island savers earn more during the life of their CD. Plus, all BankFive CDs are covered by both FDIC and DIF insurance, which means your entire CD is fully protected, even if your balance exceeds the standard FDIC limit of $250,000.
Take advantage of rising rates:
- Only a $500 minimum deposit required to open account and earn APY
- If the rate of our 30-Month Bump Up CD increases after you open your account, you can request to increase to the current 30-Month Bump Up CD rate, once during your 30-month term
- Open in-branch or online
- No monthly maintenance fees
*APY – Annual percentage yield. Minimum deposit of $500 required to earn interest. Up to $1,000,000 per customer may be deposited. Penalty for early withdrawal. Rate increase may be requested once during the 30-month term based on our current 30-month CD offer. Increased rate will apply to remaining term. Fees may reduce earnings. Rates effective 3/21/2023.