The best interest rates on CDs—certificates of deposit—pay up to 4.94% today, based on certificate term lengths. Here’s an ...

But you’ll miss out on the interest you planned to earn if you held the CD to maturity. For example, say you deposited $10,000 into a callable 5-year CD with an interest rate of 5.00%.

The best interest rates on CDs—certificates of deposit—pay up to 4.94% today, based on certificate term lengths. Here’s an ...

Let's say you invest $10,000 in a traditional 1-year CD with a 3% APY to a 5-year callable CD with a 4.5% APY. The traditional CD would earn $300 in interest, while the callable CD would earn $450.

Although your callable CD is insured, your possible future earnings aren’t, meaning that a five-year CD that your bank calls after one year will not sit for the remaining four years and earn you ...

Often, callable CDs have longer terms than traditional CDs, with maturities usually ranging from 15 to 20 years. When savings rates fall, a bank is more likely to call back a CD.

Callable CDs are interest-earning bank accounts financial institutions can call back before maturity. A callable CD may offer a higher rate than a traditional CD. You might not earn the maximum ...

Callable CDs give banks and brokerage firms the right to redeem a CD before the maturity date. They’re more likely to call CDs when interest rates are falling.

Imani Moise: The first thing is to go back and make sure that you fully understand the terms of your CD. So if it's callable, that means that there'll be a call protection period.