Skip to Main Content Skip to Sitemap
30-Month Bump Up CD
background region for decoration only

30 Mo. Bump Up CD

Bump your CD rate one time during your term.

For a limited time, we're offering a 30-Month Bump Up CD, currently with 2.75% APY*.
  • If the rate of our 30-Month Bump Up CD increases after you open your account, you can request an increase to the current 30-Month Bump Up CD rate, once during your 30-month term
  • Only a $500 minimum deposit to open and earn APY
  • No monthly maintenance fees
  • All BankFive CDs are 100% insured with a combination of FDIC and DIF insurance
To open an account, visit any one of our 13 conveniently located branches. For more information, call us at 774-888-6100.
Simply put, it means that your deposits are protected, in-full, above FDIC coverage limits.

If an FDIC member bank fails, each depositor of that bank has their deposits covered, up to at least $250,000. While FDIC insurance coverage provides peace of mind, its coverage limits can be worrisome to those depositors who have more than $250,000 in their deposit accounts.

BankFive customers however, will be happy to know that their deposits are covered in full - above FDIC limits - through the Depositors Insurance Fund, also known as DIF.

The DIF insures all deposits above the FDIC limit in Massachusetts savings banks. And at BankFive, because our Bristol, Rhode Island location is an extension of our Massachusetts-based bank, deposits made there are covered 100% as well.

For more information about DIF, and BankFive's full deposit insurance, please visit bankfive.com/dif.
 
image supporting promotion for Let's Thrive Together
Let's Thrive Together
Make well-informed decisions on topics relating to credit, budgeting, homeownership, cybersecurity, and more! Visit Our Blog

*APY - Annual percentage yield. Promotional offer may be withdrawn at any time. Minimum deposit of $500 required to earn interest. Up to $1,000,000 per customer may be deposited for promotional rate. Penalty for early withdrawal. Rate increase may be requested one time during the 30 month term based on our current 30-month CD offer. Increased rate will apply to remaining term. Fees may reduce earnings. Rates effective 1/15/2019.