A callable certificate of deposit (CD) offers a higher interest rate than a traditional one, with the condition that the issuing bank has the right to "call" or redeem the CD before its maturity date.

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. Financial institutions don’t ...

Callable certificates of deposit promise higher returns than regular CDs and are FDIC-insured. But the issuer owns a call option on the CD and can redeem, or "call," your CD from you for the total ...

See how we rate banking products to write unbiased product reviews. Callable CDs are interest-earning bank accounts financial institutions can call back before maturity. A callable CD may offer a ...