Certificates of Deposit
Burke & Herbert Bank Certificates of Deposit
With our solid history of financial prudence you'd think we had invented Certificates of Deposit (CDs). We love all of our banking products, but we have a special fondness for CDs. With guaranteed rates of return and the peace of mind that comes with FDIC insurance, CDs offer security like no other investment. The way we see it, steady wins the race (note – we intentionally left out "slow" because no one likes slow).
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 allows you to 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.
Current options available for the Bump-Up CD are:
- 25-month CD
- 35-month CD
Open a Certificate of Deposit account today by visiting your nearest Burke & Herbert Bank branch, or call us at 703-684-1655 to learn more.
CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.