A callable certificate of deposit is a CD that can be redeemed early by the issuing bank at a predetermined price. Here's how they differ from traditional CDs.

1. Withdrawing interest. Often banks will give you the option of withdrawing interest as it accrues within your CD. You'll more commonly see this on long-term CDs (those with terms longer than 12 ...

Certificates of deposit, or CDs, are also offering favorable terms and incentives for those looking to earn more interest. To get the most out of a CD it helps to first understand how it works as ...

A no-penalty certificate of deposit (CD) allows you to withdraw your money before the term ends. This is a feature that standard certificates of deposit lack, making this a more flexible product.

Among certificates of deposit, you’ll find standard options along with specialty CDs like jumbo CDs, no-penalty CDs, step-up CDs, high-yield CDs, add-on CDs and callable CDs.

Not to be confused with the metallic music-playing discs of the '80s and '90s, CDs — formally known as certificates of deposit — are a savings option still very much in play.

A no-penalty certificate of deposit, also known as a liquid CD, allows investors to make early withdrawals without paying a penalty. But it also pays lower interest rates.

Certificate of Deposit Example. David invested $10,000 in CD with a bank at a fixed interest rate of 5%. The term of maturity was 5 years. The returns and maturity value of the CD are calculated as ...