Certificates of deposits are primarily chosen an investment plans depending upon the interest rates they pay. The best certificate of deposit lets the investor make the best profit in least time period. But the fluctuation in the market has lead to the development of many investment plans which protect both investors and the banks. One such investment plan is a callable certificate of deposit. Callable CDs are restricted by the fact that …

Certificate of Deposit or CD is a type of investment which acts like saving in a time deposit where your money stays with a bank for certain period of time usually from three months to five years. A depositor or an investment is not allowed to access or withdraw fund from his investment before the agreed maturity date or withdrawal terms. In cases where a depositor is allowed to access his money …

Callable certificates of Deposits or CDs get their name from the fact that the authority to call back the deposit remains with the banks. With fluctuations in the current economy, callable CDs offer protection to banks from paying high interest rates to the account holders. For example, if an account holder purchases a CD at an interest rate of 5% and the interest rates fall to 3% in the next six months, …

Callable Certificates of deposit is like any other CD but with a few minor twists. It is imperative that one understands the terms and conditions concerning a callable CD. In comparison to other CD’s they offer higher returns. They are FDIC insured. Reading between the lines is necessary before turning in your investment to a bank or a brokerage firm or one might end up very disappointed. Comparison to a traditional CD …