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HRCCU Blog

Your Certificate of Deposit has the Moves: Bump-Up to the Next Level!

Posted by John Marino on Nov 2, 2017 11:00:00 AM

Act now…don’t delay! At Hudson River Community Credit Union (HRCCU), your eligible Certificate of Deposit could be moving up, and we can’t wait to tell you how! Our already outstanding Certificate of Deposit rates are enticing. But our Bump-Up Certificate program, which launched on August 1st, allows you to capture an even better rate during your certificate’s 48- or 60-month term (no re-buy, just a better rate).

Why lock in a traditional Certificate of Deposit (aka CD) where rising rates are just something you watch from afar, but you can’t enjoy? Give up being a spectator and go with our Bump-Up Certificate program. You are guaranteed a one-time opportunity to take advantage of a rate increase, should one occur during the term of your CD.

At HRCCU, we are proud to offer our members the very best products and rates. Our competitive special-rate Certificates of Deposit provide steady performance. Bump-Up Certificates are available to new and existing credit union members.

Participating in the Bump-Up Certificate program is easy. Just follow these steps:  

When your new certificate account is opened, it is eligible for the Bump-Up program. Then the fun begins!

  • Monitor your rates closely, and review the special rate offers we send out periodically. In general, rates haven’t fluctuated greatly across the industry, but rates could rise again. So be on the lookout!
  • If you see a higher rate with HRCCU that you want to obtain, simply visit a branch or call member services during regular business hours at 518-654-9028. That’s it! We will take care of the rate adjustment. All existing information is maintained. It doesn’t re-start, but rather continues with the higher rate in place until the term’s end. Again, the Bump-Up Certificate offer works once during the term of your Certificate of Deposit, so watch the rates.

If you want to join HRCCU to open your new Bump-Up Certificate of Deposit, just a minimum $5 in a savings account gets you started. Credit Union membership is open to people located within Saratoga, Warren, Washington and Rensselaer counties, or the Towns of Cohoes, Watervliet and Green Island. This includes those who live, work, worship, attend school and operate a business or legal entity (such as churches, associations, etc.) in the listed areas. Immediate family members are also eligible to join.

Our friendly member services team is ready to help you with a Bump-Up Certificate of Deposit account or any of our other banking services. Please come see us in person at one of our branches (Cohoes, Corinth, Glens Falls, Hudson Falls and Troy), or enjoy a helpful chat by phone at: 518-654-9028 or 1-800-824-0700. If you prefer to review everything from the comfort of your own home, feel free to peruse our online details at http://info.hrccu.org/hrccu-certificate-rates.  

Topics: CD, Certificate of Deposit