If you're considering a CD for your savings, here's when you may want to use a callable CD — and when you might not. Compare today's top CD options and lock in a high rate now.

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 decide to deposit $15,000 in a five-year callable CD that earns interest at 4.5 percent annual percentage yield (APY). With your earning power, you should have $3,693 of earnings ...

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 ...

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 ...

Bank of America's new 6% callable bond matures in 2045. Enjoy attractive yields, stability, and long-term growth potential.

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.

Callable CDs, by contrast, are often issued for much longer terms — 10, 15 or 20 years. But the issuing bank has the right to “call,” or terminate, the CD and return the money after a ...

An issuer will call in a CD when it makes financial sense to do so. Typically, this will be when market interest rates fall. Imagine you buy a callable CD with an initial rate of 5%.

Dear Dr. Don,I was offered a callable CD, 10 years at 7.25%. After one year the rate changes, based on some formula that uses the yield on a Treasury note. The broker said, however, that it will ...

For example, if you purchased a CD for $1,000 and withdrew it after 20 years, you would receive $1,942, or an effective interest rate of 3.32%. Partial withdrawal of principal is not permitted.