Raise My Rate CD

A Certificate of Deposit that allows for a one-time option to change the rate of earnings to the rate then being paid by Finance Factors on a regular time certificate with the same term and conditions. The Raise My Rate CD is offered on a periodic, promotional basis.


  1. $1,000 minimum deposit to open the account.
  2. Rates are fixed for term of certificate.
  3. Interest is credited and compounded monthly if opened as a Heritage Time Certificate.
  4. Interest is credited and compounded quarterly if opened as an Incentive Time Certificate.
  5. Interest can be mailed to you or deposited into a savings account with us.
  6. Each depositor is insured by the FDIC up to $250,000.
  7. Convenient 10-day grace period gives you time to decide if you want to renew or redeem your certificate without penalty.
  8. A penalty may be imposed if you withdraw from your certificate before maturity:
    – 240 days interest for 2 year term
  9. Please refer to our CD Disclosures and Fee Schedule for additional information and terms.