Bump Rate Certificates
Tired of Chasing CD Rates?

We get that rates can sometimes be unpredictable. That’s why we created our new Bump Rate Certificate Accounts. When you see our rates increase, take advantage of your “bump” by opting to move into the higher rate. You can "bump" once each following calendar year** and dividends are paid quarterly. Our Bump Rate Certificate Accounts are federally insured by the NCUA up to the maximum allowable limits. Our current rates are listed below. Ready to open a Bump Rate Certificate Account? Drop by one of our locations today or give us a call!

 Account Type APR APY*
 11 Month Bump Certificate  2.30%  2.32%
 23 Month Bump Certificate  2.75%  2.78%
 35 Month Bump Certificate  2.85%  2.88%
Minimum Deposit for Bump Rate Certificates: $100,000.00

Frequently Asked Questions

Question: My certificate is renewing next week. Can I change it to the Bump Special?
Yes, as long as the balance is $100,000 or more.

Question: How often am I able to bump my rate?
You may raise your rate once each following calendar year (i.e., if you open a Bump Rate Certificate in 2018, you may request a rate bump once in 2019).

Question: If the rates rise, will you bump my rate automatically?
No, you will need to come in or call to request the rate increase.

Question: Will you notify me if the rates go up above what I am earning on my Bump Rate Certificate?
No, you can check our rates as often as you like on our website.

Question: What rate do I need to compare my Bump Rate Certificate to?
You should compare the current rate of our regular certificate that has the closest term to your original Bump Rate Certificate term. For an example, an 11 month Bump Rate Certificate may bump to the current rate of our regular 12 month certificate, should our rates rise.

Question: I don’t have $100,000.00, can I still open a Bump Rate Certificate Account?
Because this limited time special is so far above current market rates, we are requiring larger balances, however the current rates on our regular certificate products are also highly competitive.

Question: Can I move the Certificates I already have to the Bump Special?
You can (if  you have the minimum $100,000) but we will charge the early withdrawal penalty on your current certificate. If your original term was one year or more, the penalty is 6 months dividend (whether earned or not). If your original term is less than one year, the penalty is 90 days dividend (whether earned or not).

Question: Are these deposits insured?
All of your accounts with us are insured to $250,000.00 by the NCUA. Joint accounts are insured to $500,000.00. (Total of all deposits)


*APY=Annual Percentage Yield assumes dividends compounded quarterly. Penalties may apply to early withdrawals. Service fees or penalties charged against the account may reduce earnings. Dividend Rates and Annual Percentage Yields are effective as of 7/11/2018 and subject to change without notice.

**You are permitted to make a request to adjust your dividend rate one time per following calendar year, should the dividend rate for this product increase at any time during the term of your certificate account. You may make this request at one of our branches or by contacting us. Your dividend rate will be limited to the rate in effect at the time of your request for the certificate account product closest to your original term (i.e. an 11 month Bump Certificate Account may "bump" to the current rate of our regular 12 month certificate, should the rate of the latter be higher. A 23 month Bump Certificate may "bump" to a 24 month Regular Certificate, and a 35 month Bump Certificate my "bump" to a 36 month Regular Certificate). If you exercise the bump rate option, only the rate will change, and the new dividend rate will be paid for the remaining account term. All other terms, conditions and the maturity date will remain the same. The only notice of our dividend rate change will be available on our website (www.heritagesouth.org). Additional terms and conditions or fees may apply to the product described. Please contact us or visit one of our branches for full account details.