callable CD


Callable Certificate of Deposit. A type of CD that can be redeemed by the issuing company before the maturity date. Depending on the specific instrument, the CD can be purchased back at par value or with an additional premium. These products will generally have a higher yield when compared to non-callable CDs because of the risk that the company could call it back.

Use callable CD in a sentence

If you are looking for a good safe investment to make you may want to try and take on a callable cd.

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You may want to try and take on a callable CD that will offer a decent rate but have some flexibility as well.

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We enjoyed the flexibility that the callable CD offered as we wanted the low risk of CD's while still being able to be liquid.

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