MECU Bump-Up CD


in CD Accounts from MECU · ncua




in CD Accounts from MECU · Insured by NCUA

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend MECU Bump-Up CD to your friends?

Thanks for your vote!

You voted: May or may not recommend

Minimum Opening Deposit Starting at $500
Certificate Term
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.30% - 0.40%

MECU Bump-Up CD Review

MECU Bump-Up CD is offered by MECU, a credit union founded in 1936 and based in Baltimore, MD. MECU Bump-Up CD is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. MECU CD only offers bump up CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.40%, which is much higher than the national average for a certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. MECU CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of MECU Bump-Up CD
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Are cd accounts from MECU federally insured?

Yes, your MECU cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does MECU offer?

MECU CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What CD rates does MECU offer on its CDs?

MECU CD offers an APY starting at 0.30% and ranging up to 0.40%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does MECU CD offer?

MECU offers CD terms of the following lengths:
MECU Bump-Up CD Rates & Terms
2-Year APY 0.30%
3-Year APY 0.30%
4-Year APY 0.40%
5-Year APY 0.40%
APY (Annual Percentage Yield) 0.30% - 0.40%

What is the minimum deposit to open a CD account with MECU?

MECU CD requires a minimum deposit of $500 to open an account.

What is the grace period for MECU CD?

There is a 7-day grace period for MECU CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does MECU CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

MECU does not charge an early withdrawal fee.

SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From MECU Bump-Up CD

Lock in higher yields now. Raise your rate later. A MECU Bump-Up CD puts you in the driver's seat by allowing you to step up to a higher rate once or twice during your CD's term. With most CDs, the rate you start with is the one you finish with. But that's not the case with a Bump-Up CD. These unique investments allow you to take advantage of rising interest rates. You can choose to bump up your rate twice on a 48- or 60- month certificate and once on a 24- or 36-month CD. Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on CDs and other savings accounts.


Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by MECU

Icon for CD Accounts
View all cd accounts offered by MECU


  Available in 1 state
Availabile in all of Maryland

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.30%
3-Year APY 0.30%
4-Year APY 0.40%
5-Year APY 0.40%
APY (Annual Percentage Yield) 0.30% - 0.40%
CD Accounts Bump Up
Grace Period for Account Changes 7 days
Certificate Term
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Be the first to rate


Would you recommend MECU Bump-Up CD to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other CD Accounts

MECU CD Accounts