We are planning to offer a CD that gives the customer the option to raise the rate one time during the term. Basically what we are doing is when a customer opens a 1-3 year CD we will give them a coupon that they can bring and redeem to bump the rate of their CD up to the prevailing rate for their product at the time of redemption. Any hints in how to write the disclosure on this one?? THANKS

We offer this product at my bank, we call it a Two Step CD. I've sent you a PM with my contact info for a sample .