The Bellco Credit Union “Smart Move” CD is something of a crossover product. It embraces aspects of a liquid money account. It is an NPCD (no penalty CD), but perhaps only up to a point. I’m not clear on the details. Here is a description of the product from the Bellco website:
Smart Move CD
Want greater control and flexibility in your savings? Deposit a minimum of $2,500 and our Smart Move CD will give you the benefits of a traditional CD with great rates and uniquely flexible options, like the ability to bump up, add funds, and more.
- Start with a minimum of $2,500.
- Make a one-time “bump-up” to the next interest rate anytime during the term of your CD.
- Ability to add a one-time additional deposit of $100 or more to your existing account.
- Flexibility to make one withdrawal during the account term with no penalty—as long as a minimum balance of $2,500 is left in the account.
The APY on the 36 month Smart Move CD is 0.95%. This account is NCUA insured.
Bellco is in Colorado. Anyone may join. I happen to be a member there, but my account is inactive and I do not own a Smart Move CD so have no personal experience with this product.
You will need to scroll down there a little bit.