- Liquid CD allows a single partial withdrawal without penalty before the CD matures
- Step-Up CD automatically increases rates at specified times
- Bump-Up CD allows customer to request one or more rate adjustments
- Market-linked CD is tied to a stock market index but guarantees no prinicpal loss
Some examples of these that I've found today include:
- 4.36%, 12-month Rate-Climber CD from First Tennessee Bank. Allows one rate increase during the term.
- 4.50%, 36-month Option CD from Compass Bank. Allows two rate bumps and two additional deposits. (Rate is for Texas)
- 24-month Step Rate CD with rates that start at 4.00% and rise to 4.26% (6-months), 4.52% (12-months), and 4.78% (18-months) from Wachovia (Rates are for Texas)
- 5-year MarketSafe CD guaranteed to earn the greater of either 75% of S&P 500 upside from initial value date to final value dates plus all principal or 100% of principal. Offered by Everbank (previous post on market index CDs)
One other important thing mentioned is that CD rates are negotiable. You can often negotiate with the branch manager to get a better rate.