Bump Certificates
Be well-positioned in this rising rate environment. Lock in your rate now & bump it up later!
Your Savings Deserves a Bump.
With a Bump-Up Certificate of Deposit (CD), you get the best of both worlds: the confidence of a locked-in rate, with the flexibility to bump it up later. And with terms now as short as 12 months, you’ll have the option to access your money even sooner.
| Term | Minimum Balance | Rate | APY* |
|---|---|---|---|
| 12-Month Bump CD | $100 | 4.11% | 4.20% |
| 24-Month Bump CD | $100 | 3.49% | 3.55% |
- Only $100 minimum opening deposit required
- 12 or 24 month options
- One rate bump up allowed during the term of the certificate
- Add money anytime**
- No fee to bump up your interest rate
- Federally insured up to $250,000 by NCUA
We’ll help you get it all set up.
All you have to do for your one-time bump up is visit a CRCU branch or call the Virtual Branch at 281.422.3611. Then if you’d like to take advantage of the bump, you’ll receive the current Bump Up Share Certificate rate for the remaining term of the CD. It's that easy!
Ways to Open a Certificate
Frequently Asked Questions
What are the requirements to open a CD?
You must be a member of CRCU. You can establish your membership and open a CD online or at any CRCU location. Our certificates have a minimum $100 deposit, and you can add to them at anytime**. We also offer jumbo certificates with $90,000 minimum.
If you are already a CRCU member, you can open a CD within Online Banking - just select "Add a Deposit Product" in the main menu.
How are dividends calculated and paid?
Dividends will be calculated daily and credited to the account monthly. Interest can be paid monthly as a transfer into your existing savings or checking account!
When can I bump up my rate?
The certificate owner has the option to initiate a rate adjustment one (1) time per during the term of the certificate at the prevailing CRCU rate on that product. For example, if you request a bump on your 12-month Bump Certificate, you will receive the prevailing 12-month Bump Certificate rate and annual percentage yield (APY). At the end of 12-months, it will automatically mature into a standard 12-month Certificate at the then prevailing dividend rate and APY, unless you choose otherwise.
How do I initiate a bump request?
During the term of your certificate, the certificate owner can initiate a rate adjustment by contacting us or visiting any CRCU Branch.
What happens at maturity and can I change my CD to a different term?
Certificates automatically roll over on the maturity date to a new certificate, with the same term, at the current rate. You’ll be notified by mail or eStatement, 20 days before maturity and have ten (10) days from the maturity date to withdraw or transfer the funds with no penalty.
You can change the certificate term that your existing certificate will roll into anytime in advance of the maturity date; it will take effect on the maturity date.
Current member?
Open a CRCU Certificate in Online Banking today!
*APY=Annual Percentage Yield. Minimum $100 deposit required. Penalty for early withdrawal. Fees may reduce earnings. APYs, terms and conditions are accurate as of 12/11/24 and are subject to change without notice.**You may add on to your certificate at any time during the term not to exceed $10,000.00. Certificates of Deposit are non-transferable and non-negotiable. The add on does not apply to IRA and HSA Certificates. After the promotional period ends, the 12-month CD will renew at 12 months and the 24-month CD will renew at 24 months. Rates are available for new money and money currently on deposit with CRCU. The Bump Certificate offer does not apply to existing certificates or to IRA and HSA CDs. Terms include 12- and 24-Month Bump Certificates. During the term of this certificate, the certificate owner has the option to initiate a rate adjustment (bump up) one time during the term of their certificate to the prevailing CRCU rate on that product. Offer subject to change or cancellation at any time. Please contact a representative for more details. CRCU membership required.