ST Alpha - "Synchrony bank is offering a 2-year “bump up” CD, which allows the holder to request an interest rate increase during the CD term. -- (edited)" (Reading a Post)

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Synchrony bank is offering a 2-year “bump up” CD, which allows the holder to request an interest rate increase during the CD term. -- (edited)

Posted by znufrii May 11 '22, 11:47

Not useful for me as I already have a ladder, and it’s at a 40 basis point discount to their regular two-year CD, so you basically need rates to go up by 80 basis points over the next year, which isn’t that far fetched.

Responses:

Ally has a similar deal. The online (or mostly online) banks almost always offer better deals than brick banks. -- nm - Baruno May 11, 11:58 2
- Yup. I’ve been with Synchrony for maybe 10 years now for that reason. First time noticing this kind of product on there though. -- (edited) - znufrii May 11, 12:02
- Full disclosure: I have an account with Live Oak. -- nm - Baruno May 11, 11:59
"No" -- nm - Synchrony bank's answer May 11, 11:48

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Synchrony bank is offering a 2-year “bump up” CD, which allows the holder to request an interest rate increase during the CD term. -- (edited)

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