Bump-Up CD

Business, Legal & Accounting Glossary

Definition: Bump-Up CD


Bump-Up CD


Full Definition of Bump-Up CD


Bump-up Certificate of Deposit. Financial instrument held for short-term or medium-term investments, which offers investors a one-time right to increase his or her interest rate to the current interest rate until the CD matures. If the investor chooses to do this, and then interest rates decrease, investors are under no obligations to decrease their yield. Investors cannot arbitrarily choose a higher interest rate but must go with what the market is yielding.


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March 28, 2024 https://payrollheaven.com/define/bump-up-cd/.
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Bump-Up CD. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bump-up-cd/ (accessed: March 28, 2024).
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Bump-Up CD. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bump-up-cd/

Definition Sources


Definitions for Bump-Up CD are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.