CDs and IRAs
Bump Up CDs
Burke & Herbert Bank Bump Up CDs
Our Bump Up CD is a unique investment product that's a win-win for savers and investors. As the name implies, this CD lets you "bump up" to a higher rate one time during the term after your account has been open for six months. For example, if you open a Bump Up CD with an interest rate of 1.5%, and the rate jumps up to 2%, you can opt to take the higher rate for the remainder of your term.
These are the current Bump Up CD options:
- 25-month CD or IRA CD
- 35-month CD
Open a Certificate of Deposit account today by visiting a local Burke & Herbert Bank branch or call us at 703-684-1655 to learn more.