What is a “call feature” on a CD?

In Banking - Cds - Asked by Admin - 8 months ago

Some long-term CDs have a call feature where the issuing bank is allowed to terminate or “call” a CD after a year or some specified period of time. A bank would usually want to call a high yield CD after a fall in interest rates.

Answered by Admin - 8 months ago

Tags: banking, banks, cd, banking cd, call feature, what is a “call feature” on a cd?

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If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what is a “call feature” on a cd?" Zuuply.com can answer them or you can browse our archives.

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What is a “call feature” on a CD?

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