There’s always the possibility of rate remorse when locking up money in a CD. Should rates begin to rise, you’re out of luck, while others get to benefit. Well, we’re doing something to fix that with our Bump Rate CD. Open yours today and enjoy an extra degree of confidence and comfort. Should rates start to rise over the term, you’ll have the opportunity to request a one-time rate bump, thus locking in an even higher level of earnings.2 No, we can’t predict the future, but we can plan for it.
Call 1.888.882.3837 anytime to request your one-time rate bump.
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The quoted Bump Rate CD interest rates and Annual Percentage Yields (APYs) are accurate as of 5/25/2018 12:00:00 AM. APY assumes that interest remains on deposit until maturity. These interest rates and APYs are applicable to CD principal balances up to $250,000. This is the maximum amount that can be deposited into each CD. The required minimum opening deposit is $1,500. Early withdrawal penalties apply. Fees may reduce earnings.
Our Bump Rate CD currently features a Rate Increase Option that allows you to increase your interest rate and Annual Percentage Yield (APY) one time during the term of the CD if applicable interest rates increase during the CD term. If you choose to exercise the Rate Increase Option, the new interest rate and APY for the remaining term of your Bump Rate CD will be determined as follows: (a) if we are offering a Bump Rate CD on the date of your rate increase request, your new interest rate and APY will be equal to either (i) the interest rate and APY for our current Bump Rate CD with the same maturity term as your existing Bump Rate CD if we are offering a Bump Rate CD with the same term as your existing Bump Rate CD; or (ii) the interest rate and APY for our current Bump Rate CD with the next shorter term if we are not offering a Bump Rate CD with the same term as your existing Bump Rate CD; or (b) if we are not offering a Bump Rate CD on the date of your rate increase request, your new interest rate and APY will be equal to the interest rate and APY for the CD we are offering at that time with a minimum balance requirement corresponding to your Bump Rate CD and a term closest to (but shorter) than the term of your Bump Rate CD. You may only have one Bump Rate CD at a time as the primary accountholder as reflected in our records.
We will not provide any notice to you when our interest rates change but our current rates are always available here. If at any time during the term of your Bump Rate CD you want to exercise the Rate Increase Option, call us during normal business hours at 888.882.3837. THE DATE ON WHICH YOU CHOOSE TO USE THE RATE INCREASE OPTION COULD IMPACT, POSITIVELY OR NEGATIVELY, THE TOTAL EARNINGS ON YOUR CD. THE AVAILABILITY OF THE RATE INCREASE OPTION NEITHER IMPLIES NOR GUARANTEES THAT OUR INTEREST RATES WILL INCREASE DURING THE TERM OF ANY BUMP RATE CD.
Must be an existing EverBank client eligible to enroll in Online Check Deposit using our downloadable Android or Apple mobile banking app. See our Online Check Deposit Services Agreement for information on crediting of deposits. Funds availability subject to EverBank’s Funds Availability Disclosure. Both are found in your Personal Account Terms, Disclosures and Agreements Booklet. Subject to approval.