Certificate of Deposit
Watch your money grow while keeping it secure. A certificate of deposit is a savings certificate with a fixed interest rate and fixed maturity date. CDs offer higher interest rates than traditional savings and money market accounts while providing more stability and safety than investments.
- Terms range from 3 months to 5 years
- FDIC insured
- Competitive interest rates
- Interest is compounded quarterly
- Interest rates are secured for the life of the term
- No cut-off times. Deposits are accepted through the close of the business day.
- Minimum of $1,000 to open online or in the branch.
15 Month Bump Up Certificate of Deposit
A bump-up CD is just like a traditional CD in all ways but one – Instead of a fixed interest rate for the full term of the CD, if the rate increases for your product, you have the option to “bump” (increase) your rate one time for the remainder of the term. Plus, the timing is completely in your control as you’re the one to request the rate increase. MRV Banks also gives the option to add funds at the time of your bump-up so, you can earn even more interest!
- Minimum of $1,000 to open online or in the branch.
Already have a 15-month Bump-Up CD with MRV Banks and want to utilize your bump?
Certificates of Deposit (CDs) are a type of time deposit account. The interest rate and term of a CD are subject to change at the bank’s discretion. CDs may have penalties for early withdrawal. Please refer to our CD disclosure for details. Interest rates are subject to change at any time without prior notice. CD accounts may have specific eligibility criteria, and not all customers may be eligible for all CD offerings. Additional terms, conditions, and fees may apply. Please refer to our account agreement and disclosure documents for full details. It is advisable to consult with a bank representative or financial advisor before making any investment decisions.