What is a US Bank Trade Up CD?

A US Bank Trade Up CD is a certificate of deposit that allows you to trade in an existing CD for a new one. The new CD will have a new term and a new interest rate.

How does the US Bank Trade Up CD work?

When you open a US Bank Trade Up CD, you will need to specify the amount of your existing CD that you want to trade in. US Bank will then give you a new CD with a new term and a new interest rate.

What are …