Bump Rate CDs
Market rates change over time. A Bump Rate CD allows you to lock in a competitive rate now, with a one-time option to move to a higher rate during your term if our rates increase. It’s a simple way to earn, with more flexibility than a traditional CD.
Bump Rate CD benefits
Adapt to changing markets
You have the option to increase your interest rate once during the term of your CD. This feature lets you capture a higher rate if one becomes available.
Maintain your financial timeline
No need for a new account or term. You keep your original maturity date when you bump your rate.
How to request your rate increase
1. Monitor market trends
Keep an eye on the interest rate environment to decide the optimal time to use your one-time rate increase.
2. Check EverBank rates
Visit our rates page to see our current Bump Rate CD rate offering and determine if a rate bump is available.
3. Call us to bump your rate
Call the EverBank client solutions team at 1.888.882.3837 before 4 p.m. (ET) on a business day to receive a same-day rate bump. Requests made after this time will process on the following business day.
Quick answers
What happens when my Bump Rate CD matures?
When your Bump Rate CD reaches maturity, you can renew the CD, add funds, withdraw funds or close the account.
If you do not provide instructions, your account will automatically renew for another term. If your Bump Rate CD renews, you will again have the option to request a rate increase one time during that renewal term should our rates increase during that time.
How do I provide my CD maturity instructions?
You can set your preferences well in advance of the maturity date using the website or the mobile app. Simply log in, open the Self Service menu, select Account Services and choose Manage CD Account.
Get detailed steps on how to set or manage your CD maturity instructions.
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