{"id":22012,"date":"2025-10-28T00:51:10","date_gmt":"2025-10-28T00:51:10","guid":{"rendered":"https:\/\/budgetadirect.com\/?p=22012"},"modified":"2025-10-28T00:51:18","modified_gmt":"2025-10-28T00:51:18","slug":"bump-up-cds-what-they-are-and-how-they-work","status":"publish","type":"post","link":"https:\/\/budgetadirect.com\/?p=22012","title":{"rendered":"Bump-Up CDs: What They Are And How They Work"},"content":{"rendered":"<div>\n<div id=\"block_747ed7216765eec5284ba9932b3378ba\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span><br \/>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/><br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            A bump-up CD allows you to increase your interest rate one or more times during the CD\u2019s term if rates rise, typically on 2-3 year terms.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Bump-up CDs typically start with APYs that are 0.10-0.25 percentage points lower than traditional CDs of the same term, according to Bankrate data.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            These CDs work best in rising rate environments \u2014 but with the Federal Reserve cutting rates in 2025 and likely into 2026, traditional CDs may offer better returns.\n                                                <\/li>\n<\/ul>\n<\/div>\n<p>A bump-up certificate of deposit (CD) is a type of CD that allows you to increase your interest rate at least once during the term if rates rise. <\/p>\n<p>Unlike traditional CDs with fixed rates, bump-up CDs give savers the flexibility to request a rate increase \u2014 typically once or twice over a 2-3 year term. Bump-up CDs typically offer initial rates that are slightly lower than traditional CDs. The best CDs on the market right now offer annual percentage yields (APYs) of around 4.25 percent, according to Bankrate data. <\/p>\n<p>Bump-up CDs work best when interest rates are rising, but require you to actively request the rate increase \u2014 it doesn\u2019t happen automatically. With interest rates falling, bump-up CDs are likely not the best option, but they do offer some rate flexibility during your term (something traditional CDs don\u2019t offer).<\/p>\n<h2 data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"What is a bump-up CD?\" data-outcome=\"\"><strong>What is a bump-up CD?<\/strong><\/h2>\n<p>A bump-up CD is a savings account with a specified maturity date and a stated rate of interest that gives you the option to increase your rate if market rates go up during your term. Think of it as insurance against rising rates \u2014 you\u2019re not locked into your opening rate for the entire term.<\/p>\n<p>Here\u2019s how the bump feature works:<\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>You open a bump-up CD<\/strong> at the institution\u2019s current rate<\/li>\n<li>\n<strong>Interest rates rise<\/strong> during your CD term<\/li>\n<li>\n<strong>You request a rate increase<\/strong> (you must ask \u2014 it\u2019s not automatic)<\/li>\n<li>\n<strong>Your rate increases<\/strong> to the current offered rate<\/li>\n<li>\n<strong>You\u2019ve used your bump<\/strong> (most CDs allow only one increase)<\/li>\n<\/ul>\n<p>Most bump-up CDs have terms of two or three years, giving ample time for rates to potentially rise. The longer term makes sense because short-term rate movements are harder to predict and benefit from.<\/p>\n<h3><strong>How do bump-up CD rates compare to traditional CDs?<\/strong><\/h3>\n<p>Bump-up CDs typically offer lower initial rates than traditional CDs of the same term. You\u2019re paying for the flexibility to increase your rate later. According to Bankrate\u2019s analysis of rates from major financial institutions, bump-up CDs start with APYs that are approximately 0.10 to 0.25 percentage points lower than comparable traditional CDs.<\/p>\n<p><strong>For example:<\/strong> A 24-month traditional CD might offer 4.50% APY, while a 24-month bump-up CD from the same bank offers 4.25% APY. That 0.25 percentage point difference is the cost of the bump-up option.<\/p>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table has-fixed-layout wrapped\">\n<thead>\n<tr>\n<th><strong>CD type<\/strong><\/th>\n<th><strong>Typical 2-year APY<\/strong><\/th>\n<th><strong>Rate flexibility<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Traditional CD<\/td>\n<td>4.50%<\/td>\n<td>None (fixed rate)<\/td>\n<\/tr>\n<tr>\n<td>Bump-up CD<\/td>\n<td>4.25%<\/td>\n<td>1-2 rate increases<\/td>\n<\/tr>\n<tr>\n<td>Step-up CD<\/td>\n<td>4.00%<\/td>\n<td>Automatic increases<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the bump feature to be worthwhile, rates need to rise enough to offset your lower starting rate. If rates only increase by 0.15 percentage points and you started 0.25 points lower, you\u2019re still behind where a traditional CD would have been.<\/p>\n<h2 data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"How does a bump-up CD work?\" data-outcome=\"\"><strong>How does a bump-up CD work?<\/strong><\/h2>\n<p>As with a traditional CD, you commit to leaving your money in a bump-up CD for the entire term, which can range from a few months to several years. Most bump-up CDs have two or three-year terms. Here\u2019s the step-by-step process:<\/p>\n<p><strong>Opening the CD<\/strong><\/p>\n<p>You deposit your money and lock in the initial interest rate. This rate is typically lower than what you\u2019d get with a traditional CD, but you\u2019re paying for the flexibility to increase it later.<\/p>\n<p><strong>Monitoring rates<\/strong><\/p>\n<p>You need to watch market rates yourself. The bank won\u2019t notify you when rates go up \u2014 it\u2019s your responsibility to track rates and decide when to use your bump.<\/p>\n<p><strong>Requesting the increase<\/strong><\/p>\n<p>When you see rates have risen, you contact your bank to request a rate increase. Some institutions let you do this online, while others require a phone call or branch visit.<\/p>\n<p><strong>Getting the new rate<\/strong><\/p>\n<p>Your CD rate increases to the current offered rate for that term. The new rate applies going forward \u2014 you don\u2019t get retroactive interest on past months.<\/p>\n<p><strong>Important restrictions:<\/strong> There may be rules about how much you can bump up the rate at one time, and most bump-up CDs permit only one rate increase during the entire term. Some longer-term CDs (typically those for three years or more) allow multiple bumps. Always check with your bank for specific terms. <\/p>\n<p>Also keep in mind that if you take your money out of a CD before the maturity date, you can expect to pay an early withdrawal penalty, unless it\u2019s a no-penalty CD. These penalties typically equal three to 12 months of interest.<\/p>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<div class=\"content wysiwyg wysiwyg--flush\">\n<p>You must actively request a rate increase with a bump-up CD \u2014 it doesn\u2019t happen automatically. Missing the optimal timing can mean you lose the benefit of the bump-up feature while earning less than a traditional CD would have paid.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<h2 data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Bump-up CD vs. step-up CD: What\u2019s the difference?\" data-outcome=\"\"><strong>Bump-up CD vs. step-up CD: What\u2019s the difference?<\/strong><\/h2>\n<p>Bump-up CDs and step-up CDs both offer rate increases during your term, but they work differently:<\/p>\n<p><strong>Bump-up CDs:<\/strong> You control when the rate increase happens. You watch market rates and request an increase when you think the timing is right. The new rate matches current market rates.<\/p>\n<p><strong>Step-up CDs:<\/strong> Rate increases happen automatically on a predetermined schedule. For example, your rate might increase every six months regardless of what market rates are doing. The increases are set in advance and don\u2019t necessarily match market rates.<\/p>\n<p>Step-up CDs are more hands-off but typically start with even lower rates than bump-up CDs. Bump-up CDs require active monitoring but give you more control over timing. <\/p>\n<h2 data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"When should you choose a bump-up CD?\" data-outcome=\"\"><strong>When should you choose a bump-up CD?<\/strong><\/h2>\n<p>Bump-up CDs make the most sense in specific market conditions\u2014and right now may not be one of them.<\/p>\n<p><strong>Consider a bump-up CD when:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>The Federal Reserve has signaled potential rate increases<\/li>\n<li>You have a 2-3 year savings timeline that matches the CD term<\/li>\n<li>You\u2019re comfortable actively monitoring rates and requesting increases<\/li>\n<li>The initial rate is only 0.10-0.15% lower than comparable traditional CDs<\/li>\n<\/ul>\n<p><strong>Think twice about bump-up CDs when:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Rates are falling or expected to remain stable (like the current environment)<\/li>\n<li>The initial rate gap exceeds 0.25 percentage points<\/li>\n<li>You prefer a set-it-and-forget-it savings approach<\/li>\n<li>Short-term CDs (under one year) meet your needs<\/li>\n<\/ul>\n<div class=\"MarketMavenQuote\">\n<div class=\"\">\n<div>\n<blockquote><p>\n                In today\u2019s environment where the Federal Reserve has been cutting rates, bump-up CDs have lost much of their appeal. You\u2019re giving up yield on the front end for optionality you may never use. For most savers, a traditional CD with a competitive rate will likely deliver better returns over the full term. &#13;<\/p>\n<p class=\"mb-0\">\n                        <cite>\u2014 Hanna Horvath, CFP &amp; Bankrate Banking Editor<\/cite>\n                    <\/p>\n<\/blockquote><\/div>\n<\/p><\/div>\n<\/div>\n<p>According to Bankrate\u2019s latest CD rate survey, the gap between traditional 2-year CDs and bump-up CDs has widened to approximately 0.25 percentage points. With the Federal Reserve signaling continued rate cuts through 2025, this gap is unlikely to narrow significantly in the near term.<\/p>\n<h2 data-position=\"5\" data-beam-element-viewed=\"\" data-id=\"br-h2-5-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Bump-up CD example\" data-outcome=\"\"><strong>Bump-up CD example<\/strong><\/h2>\n<p>Let\u2019s say you want to set aside $10,000 for home improvements. You believe that you won\u2019t need the funds for a couple of years but want to see the money grow safely in the meantime and take advantage of any increase in rates. A bump-up CD with a two-year term could be ideal, provided you don\u2019t need the funds before the term ends.<\/p>\n<p>You invest in a bump-up CD offering an initial 4.00% APY. Then, after a year, rates improve, boosting the APY for a bump-up CD to 4.30%. So you use your one bump-up to take advantage of the new, higher rate.<\/p>\n<p><strong>Your earnings:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>Year 1:<\/strong> $10,000 \u00d7 4.00% = $400<\/li>\n<li>\n<strong>Year 2:<\/strong> $10,400 \u00d7 4.30% = $447.20<\/li>\n<li>\n<strong>Total interest:<\/strong> $847.20<\/li>\n<\/ul>\n<p>If it turns out that you need your funds during the two-year period, be sure to understand how much the early withdrawal penalty will cost to determine whether a bump-up CD is right for you.<\/p>\n<p>Use Bankrate\u2019s CD calculator to see how much you could earn with different rate scenarios and terms.<\/p>\n<h2 data-position=\"6\" data-beam-element-viewed=\"\" data-id=\"br-h2-6-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Bump-up CD pros and cons\" data-outcome=\"\"><strong>Bump-up CD pros and cons<\/strong><\/h2>\n<p>If you\u2019re considering a bump-up CD, here are the costs and benefits:<\/p>\n<p><strong>Advantages<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>Opportunity to capitalize on rising rates:<\/strong> The biggest advantage of a bump-up CD is the ability to raise your rate over the course of the term. If interest rates increase during the term, you\u2019ll be able to match that increase and earn more interest more quickly.<\/li>\n<li>\n<strong>Potentially higher returns:<\/strong> Although bump-up CDs might start with a slightly lower rate, the potential to adjust could lead to overall greater returns if you time it right.<\/li>\n<li>\n<strong>No need to constantly monitor:<\/strong> Unlike regularly rolling over short-term CDs to try and capture better rates, with a bump-up CD you can stay in the same term and adjust the rate when beneficial\u2014or never adjust it at all if rates decline.<\/li>\n<li>\n<strong>Same safety as traditional CDs:<\/strong> Bump-up CDs offer the same FDIC insurance protection as traditional CDs (up to $250,000 per depositor, per institution).<\/li>\n<\/ul>\n<p><strong>Disadvantages<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>Lower initial rates:<\/strong> Bump-up CDs often start with a lower APY than other types of CDs. A traditional CD may net you more interest over the full term than a bump-up CD, depending on market conditions.<\/li>\n<li>\n<strong>Limited number of bumps:<\/strong> Most bump-up CDs restrict the number of times you can adjust the rate to once or twice. Should rates climb and continue to do so, you may move too soon, missing out on an even greater APY increase.<\/li>\n<li>\n<strong>No automatic adjustment:<\/strong> You need to proactively request the rate increase. If you\u2019re not paying attention to market rates, you could miss out on the opportunity to bump up.<\/li>\n<li>\n<strong>Timing risk:<\/strong> If you use your bump too early, you might miss even better rates later. If you wait too long, rates might start falling before you act.<\/li>\n<\/ul>\n<h2 data-position=\"7\" data-beam-element-viewed=\"\" data-id=\"br-h2-7-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"How to open a bump-up CD\" data-outcome=\"\"><strong>How to open a bump-up CD<\/strong><\/h2>\n<p>Opening a bump-up CD is similar to opening other types of bank accounts, though fewer banks offer them. Here\u2019s what to do:<\/p>\n<p><strong>1. Compare rates and terms<\/strong><\/p>\n<p>Look at bump-up CD offerings from multiple institutions. Pay attention to:<\/p>\n<ul class=\"wp-block-list\">\n<li>Initial APY<\/li>\n<li>How many rate increases are allowed<\/li>\n<li>Minimum deposit requirements<\/li>\n<li>Early withdrawal penalties<\/li>\n<\/ul>\n<p>Compare these offerings to traditional CDs at the same institutions to see if the bump-up feature is worth the lower starting rate.<\/p>\n<p><strong>2. Check if you can find better rates elsewhere<\/strong><\/p>\n<p>You\u2019ll likely find better CD rates with online-only banks compared to traditional brick-and-mortar institutions. Online banks have lower overhead costs and often pass those savings to customers through higher rates.<\/p>\n<p>Check Bankrate\u2019s top-rated CD accounts to see current offerings from both online and traditional banks.<\/p>\n<p><strong>3. Gather your information<\/strong><\/p>\n<p>Before you apply, have ready:<\/p>\n<ul class=\"wp-block-list\">\n<li>Government-issued ID (driver\u2019s license or passport)<\/li>\n<li>Social Security number or Tax ID<\/li>\n<li>Funding source (checking account information for transfer)<\/li>\n<\/ul>\n<p><strong>4. Complete the application<\/strong><\/p>\n<p>Most banks offer online applications that take 10-15 minutes to complete. You\u2019ll provide personal information, choose your term length, and fund your account.<\/p>\n<p><strong>5. Set a rate-monitoring reminder<\/strong>: Since bump-up CDs require you to actively request rate increases, set calendar reminders to check rates every few months. This ensures you don\u2019t miss opportunities to use your bump.<\/p>\n<h2 data-position=\"8\" data-beam-element-viewed=\"\" data-id=\"br-h2-8-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Alternatives to bump-up CDs\" data-outcome=\"\"><strong>Alternatives to bump-up CDs<\/strong><\/h2>\n<p>There are several alternatives to bump-up CDs that you may want to consider, depending on what you\u2019re looking for from your savings:<\/p>\n<p><strong>Traditional CDs<\/strong><\/p>\n<p>A fixed account with a fixed term and interest rate. Most banks and credit unions offer CDs with terms ranging from three months to as long as five years. Traditional CDs typically offer higher rates than bump-up CDs and work well when rates are stable or falling.<\/p>\n<p><strong>Step-up CDs<\/strong><\/p>\n<p>Similar to a bump-up CD, but the rate increases happen automatically at set intervals rather than when you request them. Step-up CDs remove the monitoring burden but typically start with even lower rates. Learn more about how step-up CDs work and when they make sense.<\/p>\n<p><strong>CD laddering<\/strong><\/p>\n<p>A strategy for maximizing savings by opening multiple CDs with different maturity dates. As each CD matures, you can reinvest at current rates. This gives you regular opportunities to capture higher rates without sacrificing too much yield. <\/p>\n<p><strong>High-yield savings accounts<\/strong><\/p>\n<p>Unlike CDs, high-yield savings accounts let you access your money anytime without penalties. Rates are variable and can go up or down, but you have complete flexibility. These accounts work well for emergency funds or when you\u2019re not sure of your timeline. See Bankrate\u2019s best high-yield savings accounts for current top rates.<\/p>\n<h2 data-position=\"9\" data-beam-element-viewed=\"\" data-id=\"br-h2-9-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Bottom line: Is a bump-up CD right for your savings strategy?\" data-outcome=\"\"><strong>Bottom line: Is a bump-up CD right for your savings strategy?<\/strong><\/h2>\n<p>Bump-up CDs are most advantageous in a rising rate environment, when you have the potential to earn more during the CD\u2019s term. But in today\u2019s market, with the Federal Reserve cutting rates, there are still opportunities to lock in rates well above national averages with traditional CDs \u2014 without giving up yield for a bump-up option you may never use.<\/p>\n<div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n<div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n<div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?<\/p>\n<div id=\"jjvjzgc3B0\" class=\"hidden\">\n<div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n<p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong><br \/>\n                            Your feedback helps us improve our content and services. 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0-4.34-.548a3.843 3.843 0 0 1-1.722-2.248c-.29-1.033 0-2.13.593-4.324l.517-1.925c.312-1.162.484-1.786.882-2.323.377-.495.872-.871 1.443-1.097.624-.248 1.281-.248 2.476-.248h4.597c.42 0 .635 0 .84.032.215.032.431.086.636.15.193.065.387.162.753.345l1.702.864c.017-.04.033-.082.053-.122a2.333 2.333 0 0 1 1.044-1.043c.496-.247 1.013-.247 1.95-.247h.16ZM7.503 3.798c-1.022 0-1.54 0-1.862.13-.302.118-.56.322-.765.58-.215.28-.345.775-.614 1.753l-.517 1.926c-.495 1.85-.775 2.871-.602 3.474a2.308 2.308 0 0 0 1 1.312c.539.323 1.594.322 3.51.322h1.142c.236 0 .473 0 .72.15.227.14.388.367.453.625.075.28 0 .516-.075.742-.959 2.969-.603 4.27-.301 4.775.183.312.44.506.774.57.162.033.41.033.572.033.128 0 .203 0 .236-.01.021 0 .085-.044.107-.065.032-.032.14-.237.227-.399 2.208-4.308 3.556-5.671 4.352-6.102a39.945 39.945 0 0 1-.003-.523v-7.79L13.63 4.175c-.28-.14-.41-.215-.56-.27a1.796 1.796 0 0 0-.344-.085c-.151-.022-.313-.01-.625-.022H7.503Zm11.596.001c-.625 0-1.077 0-1.228.076a.72.72 0 0 0-.323.322c-.075.15-.075.603-.075 1.226v7.68c0 .623 0 1.075.075 1.226.075.14.183.247.323.322.15.075.603.075 1.228.075h.16c.625 0 1.078 0 1.228-.075a.778.778 0 0 0 .324-.322c.075-.151.075-.603.075-1.227V5.423c0-.623 0-1.076-.075-1.226a.722.722 0 0 0-.324-.322c-.15-.076-.603-.076-1.227-.076h-.161Z\" class=\"icon-base\"\/><\/svg><\/span> <span class=\"text-base leading-4\">No<\/span><br \/>\n            <\/button>\n        <\/div>\n<\/p><\/div>\n<p>    <!-- Yes Form --><\/p>\n<p>    <!-- No Form --><\/p>\n<div class=\"HelpfulCTA-thankyou flex flex-col items-center gap-2\" data-cta-thankyou=\"\" style=\"display:none;\">\n<p>Thank you for your<br \/>\n            feedback!<\/p>\n<p>Your input helps us improve our<br \/>\n            content and services.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p>Read the full article <a href=\"https:\/\/www.bankrate.com\/banking\/cds\/bump-up-cd\/\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways A bump-up CD allows you to increase your interest rate one or more times during the CD\u2019s term if rates rise, typically on 2-3 year terms. Bump-up CDs typically start with APYs that are 0.10-0.25 percentage points lower than traditional CDs of the same term, according to Bankrate data. These CDs work best<\/p>\n","protected":false},"author":1,"featured_media":22013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-22012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bump-Up CDs: What They Are And How They Work | BudgetADirect<\/title>\n<meta name=\"description\" content=\"Key takeaways A bump-up CD allows you to increase your interest rate one or more times during the CD\u2019s term if rates rise, typically on 2-3 year terms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/budgetadirect.com\/?p=22012\" \/>\n<meta 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