Michigan Schools & Government Credit Union
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Home > Saving & Investing> Investments> Bump Rate Option

Bump Rate Option

Take control of your Certificate of Deposit (CD) with our Bump Rate Option, which permits you to make a one-time "bump up" to a higher interest rate. A great example of how to set your finances right.

  • Applies to 3-, 4-, or 5-year Regular CDs or IRA CDs only
  • Maturity date remains the same regardless of when the bump up is implemented
  • No fee to "bump up" your interest rate
  • Lock in a higher Michigan Schools and Government Credit Union published rate anytime before maturity*
  • You must contact the Credit Union to activate the Bump Rate Option

*Limited to one bump per Certificate of Deposit. Minimum balance of $500 required. Penalty for early withdrawal. Must contact the Credit Union to activate the Bump Rate Option.

 

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