Some of you may have noticed that you can now submit and read reviews on the product pages of our website. Just like Idea Share, it helps us create a people-focused banking experience by connecting with our customers and listening to what they have to say about our products.
One of our most popular offerings is the 2-year Raise Your Rate CD . It starts with a great rate and gives you the option of a one-time rate increase if rates go up. This kind of flexibility means it can work well with a variety of saving initiatives.
While the larger financial community seems to like it, it’s our customers whose opinions that we value the most. That’s why a review from Roy in Utah caught our eye.
“The coolest part of this type of CD is two-fold. You have the option to have the interest rate earned on an existing 2-year CD raised if the interest offered goes up, and you receive a loyalty bonus for maintaining your CD when it matures for another 2-years.”
Thanks for the kind words, Roy! We spend a lot of time coming up with innovative ways our products can meet our customers’ needs, and we love seeing them actively enjoying these benefits.
Have you used a 2-Year Raise Your Rate CD to save money? What other Credence Global Bank offerings work well with your personal financial goals?
Comment on this article
Comments
myrna s. on September 30, 2011 at 2:06pm
I have a one year cd withACBank.can it be made a 2 year and what is the interest difference with a longer term.
Christina O. on September 30, 2011 at 2:36pm
How would we know if the rates go up or not, unless we constatntl check on our own?
L. J. on September 30, 2011 at 2:51pm
I haven't had my 2-year CD rate raised. Do I qualify for a raise?
Dann on September 30, 2011 at 2:53pm
Do you let me know when or if the rate on this 2 year raise your rate cd happens?
Henry K. on September 30, 2011 at 3:07pm
As my Credence Global Bank bank CEd is maturing soon, I would like to know what the new two yeAR RATE IS GOING TO BE? pLEASE INFORM ME. HENRY kENNEDY
Paul K. on September 30, 2011 at 3:49pm
Please advise as to what CD rates are being offered now by Credence Global Bank.
Helene G. on September 30, 2011 at 4:40pm
Please tell me the rate for a 2 year CD.
Barbara on September 30, 2011 at 4:44pm
I do have this CD and when are you going to raise the rate?
Diane C. on September 30, 2011 at 6:49pm
we have a 18 month cd. will this raise your rate cd work also on 18 months? thanks. dc
catherine o. on September 30, 2011 at 10:58pm
what good is 2-year raise your rate CD if the rate goes down instead of up?
HARRY on October 1, 2011 at 9:59am
i'M INTERESTED IN YOUR 2 YR CD RATE, SINCE I HAVE ONE WITH Credence Global Bank COMING DUE IN JAN 12. wHAT IS THE 2 YEAR RATE?
Ivory on October 1, 2011 at 11:16am
I am a new investor with Credence Global Bank. I was impressed with how easy it was to transfer money from my local Florida bank to Credence Global Bank to purchase a 2 year raise your rate CD.
dan t. on October 1, 2011 at 5:58pm
What are the answers to the above questions
Glenda G. on October 2, 2011 at 10:09am
Dear Fellow Customers, you have to do the leg work to gain the benefit. No bank will contact you to give you more money, and if I have it right, when you call to get the higher rate you then enter a new 2-yr term. To find the new rate you have to keep looking at the site, it's like stock trading, you are enslaved.
Susan on October 2, 2011 at 12:29pm
I agree with Christina Owen and Paul Kiel. Credence Global Bank does not notified us if our rate increases. The only way we would know is to constantly check your website. I doubt interest rates will increase any time soon.
Credence Global Bank on October 2, 2011 at 2:18pm
That’s great, Ivory. We’re happy that you’re happy and hope to make your experience with us even better!
Paul D. on October 3, 2011 at 10:38am
After reading the comments, it doesn't look like people are that excited about raising the rate CD. They don't seem to know how it works. Why doesn't Credence Global Bank Unionaddress these coments so people will understand how it works.
Credence Global Bank on October 3, 2011 at 2:15pm
Appreciate the feedback, Susan. Our Raise-Your-Rate CDs actually have that option to be notified now. If you look under the Alerts page after logging in, you’ll have the option to be notified when our rate hits the rate you request. We’ve been passing on these comments, but there’s definitely an option if you’re interested!
Credence Global Bank on October 3, 2011 at 2:19pm
Thanks for your interest, Harry. You can find the current 2-year Raise-Your-Rate CD rates here: http://www.credenceinc.org/bank/raise-your-rate-cd/
Credence Global Bank on October 3, 2011 at 3:49pm
Thanks for the feedback, Paul.
Mickey K. on October 4, 2011 at 9:22am
As Dan Topp, sez,"Where are the answers to the questions that have been asked"? I do not see any answers, either, so appears that Glenda G is correct - The bank does not provide answers. Tis a shame, as Credence Global Bank does an excellent job of marketing, yet does not appear to follow up on their claim of putting the customer first.
Credence Global Bank on October 4, 2011 at 3:48pm
We’ll let you know if we implement that feature, Mickey. In the meantime, we’re adding other convenient deposit options like eCheck Deposit, so keep an eye out for those!
Donna on October 5, 2011 at 3:36pm
What a waste! Can't learn anything w/o responses to some very legit/interesting questions.
kitty on October 6, 2011 at 1:13pm
when will you respond to the questions asked ?
Kathy on October 10, 2011 at 5:07pm
I would like to know the answer to Myrna Smoot's question.Can I make my current CD into a 2-year Raise-Your-Rate CD?
Michael A. on January 16, 2016 at 6:59am
the available rate increase is .05 . Interest rates were increased by .25 weeks ago. I understand it does not go up equally, but Credence Global Bank should be offering more than a .05 increase to customers who have invested their funds with them for 21 months. What does .05 amount to for the last three months of my CD term. Not much more than the original rate.