If interest rates rise during the term, you have the option to trade up to the higher rate. Bank has one more type of CD in its repertoire: the Trade Up CD, which comes in terms of 30 months (at 0.10% APY) and 60 months (at 0.40% APY). Interest rates are set when the CD is opened and can’t be changed. With this CD, the interest rate increases on a set schedule and by a set amount every seven months. Bank offers a 28-month Step Up CD that pays a blended 0.35% APY. In addition to its standard CDs and CD Specials, U.S. Note that rates vary by state and ZIP Code so check the website before applying. Bank, you’ll be better served by looking directly at the bank’s current CD Specials. This means if you’re interested in a CD from U.S. The rates on these promotional CDs are far higher than what U.S.
Bank come in terms of 7 months, 11 months, 13 months and 19 months. The specials are subject to the same $250,000 maximum deposit.ĬD Specials from U.S. The bank pays somewhat better rates on what it calls its CD Specials, which require a higher $1,000 minimum deposit. However, their returns are low and investors would do better looking elsewhere to maximize their returns. Bank standard CDs require a minimum opening balance of $500, with a maximum deposit of $250,000, putting these CDs within reach for many savers.
