The Raise Your Rate CD at Partners Bank

A standard CD locks you into a rate for the full term. The Partners Raise Your Rate CD gives you a way out of that tradeoff. If Partners Bank advertises a higher rate on a CD of the same term while yours is open, you can choose to bump up to that rate once, at a time of your choosing. for the remainder of the term.

It's your decision, on your timeline.

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OPEN AN ACCOUNT

Open a Raise Your Rate CD at Partners Bank

Partners Bank has been helping families in New Hampshire and Maine as they build financial security for years. As a savings bank, our bankers take the time to understand your goals and find the savings plan that fits. The Raise Your Rate CD is one way we give you more control over how your money grows. A $500 minimum deposit is required to open.

To open one, visit your local Partners Bank branch or call us at 1-888-226-5747 (or locally at 207-324-2285). This account is not available to IRAs and cannot be opened online.

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HOW IT WORKS

How the Partners Raise Your Rate CD Works

The Raise Your Rate CD follows the same structure as a standard CD, with one added option built in.

One-time rate bump during your CD term

Bump up to the current Partners posted rate for the same term

You choose when to exercise your Raise Your Rate

Rate increase applies for the remainder of the term

Original maturity date remains unchanged

USING YOUR BUMP

How to Use Your Rate Bump

If Partners Bank posts a higher rate for a CD of the same term as yours, you can come into any Partners branch and request the Raise Your Rate. The new rate applies from that point forward through the end of your term. You choose when and whether to use it. Partners will not automatically increase your rate; the decision is yours.

One Raise Your Rate is allowed per CD term.

Talk to Our Team/Open an Account

QUESTIONS

Frequently Asked Questions

A Raise Your Rate CD is a certificate of deposit that allows you to request a one-time rate increase during your term if Partners Bank posts a higher rate on a CD of the same length. The higher rate applies for the remainder of your term.

No. You must come into a Partners Bank branch to request the Raise Your Rate. It will not happen automatically.

You can bump up your rate once per CD term.

Partners Bank will mail a maturity notice at least one month before your maturity date. At maturity, you have a 10-day grace period to withdraw, add funds, or change terms without penalty. If you don't act within that window, the CD automatically renews at the same term.

Penalties are based on your CD term: 90 days loss of interest for terms of 1 year or less; 180 days for terms over 1 year but less than 2.5 years; 1 year for terms of 2.5 to 5 years; 2 years for terms of 5 years or more.

No. The Raise Your Rate CD is not available to IRAs.