Which CD starts with a higher rate,has a long time to maturity,and can be retired by the bank after a set time period?

Question

Quizplus · Accepted Answer

Callable CDs start with a higher rate than traditional CDs as they offer the issuer the option to call back or retire the CD after a set time period. This feature allows the issuer to take advantage of declining interest rates by retiring higher interest rate CDs and issuing new CDs at lower rates. Callable CDs also have longer maturity periods, typically ranging from 3 to 10 years. As a result, Callable CDs are a good option for investors who want higher returns than traditional CDs but are willing to accept the risk of early retirement.

Which CD Starts with a Higher Rate,has a Long Time