Be Careful of “Called” CD
Filed Under Finance |
When choosing the Highest CD Rates, an investor will usually have to opt in with a long maturity date. However simply the Best CD Rates do not mean that the investor will get the most of the CD. Investor should learn the terms and condition carefully to find out whether the financial institutions who issued the CD have the “call” right. Call right means that the financial institutions have the power to cease the CD when Bank Interest Rates fall. Of course you will not want to be locked up in such situation, so it’s essential to read the terms carefully.