The Benefits of a 24-Month Bump CD

Have you ever made a purchase and then shortly after, you see the same item for a lower price?  Maybe you have waited to buy something because you thought the price would go down, and then you turn around and the price actually went up. You’re left wondering why you didn’t just make the purchase in the first place.

Many of us are always playing the game of purchase now and hope we made the right decision, or play the waiting game and try to get a better deal that may or may not come to fruition.

At FirstCapital Bank, a statement we strive to work by is: “We are Family. We Serve People. We Change Lives.” You may ask how this motto has anything to do with making a purchase. Well, we want to serve you - and treat you like family.

That’s why we offer all of our customers the 24-Month Bump CD.

This CD gives you a great rate, a reasonable term and the ability to not have to worry about “what if rates go up.” Currently, the rate for our 24-Month Bump CD is 2.25% Annual Percentage Yield. It’s a great rate, but what gives you piece of mind, is that if rates go up within your 24-month period - as it could happen with the U.S. economy in a rising rate environment - you can bump your rate up twice within those two years.

Also, unlike most CDs, you can add to this CD at any time. So maybe you wished you would have put more money into the CD, because you held onto a little bit of money in case you were to find a better rate, and now six months later you are still waiting. With the 24-Month Bump CD, you can add your extra money to your CD and get the same great rate and keep the same maturity date as the initial opening maturity date.

Even if it’s just helping keep you from wondering if rates are going to go up or preventing buyer’s remorse, at FCB, we want to help you meet your savings goals while treating you just like family. For more information about our 24-Month Bump CD, contact one of our Personal Bankers today!

*$500 minimum balance to open and to earn advertised Annual Percentage Yield. Must wait 6 months from account opening before you can exercise your first rate bump. You can add an additional $250,000 to your initial deposit at any time. A penalty will be imposed for early withdrawals. 2.25% APY rate is quoted as of 7/19/18 and is subject to change at any time. Other rates and terms are available.