A time deposit that allows the depositor to withdraw some of the funds without a withdrawal penalty is called a:
A)negotiable CD.
B)bump-up CD.
C)step-up CD.
D)liquid CD.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

A liquid CD allows the depositor to withdraw part of the deposit without facing a penalty, offering more flexibility compared to traditional CDs which typically penalize early withdrawals.

A Time Deposit That Allows the Depositor to Withdraw Some