Question

With all bump-up CDs, the individual can always make as many bump-ups as they want.


True

False

Answer 1

False. With bump-up CDs (Certificates of Deposit), the individual typically has limited opportunities to make bump-ups. Many financial institutions allow only one or a few specific bump-up requests during the term of the CD, rather than unlimited bump-ups. It's important to check the specific terms and conditions of the CD to understand the limitations.