Advertising Disclosure
  1. Home
  2. Community
  3. Ask
  4. Callable Cds

Callable Cds

betaguy
  |     |   180 posts since 2022

Question about callable CDs.

If a CD is callable but is not 'continuously callable' but has specific 'call dates', is it only callable exactly on those specific dates?

in other words is the below callable from 6/11 to 7/9 for example?

ie:

Call Date Call Price Call Type

06/10/2023 100.000 Par Call

07/10/2023 100.000 Par Call

08/10/2023 100.000 Par Call

09/10/2023 100.000 Par Call

thnx

  Post an answer
1


Answers
w00d00w
  |     |   360 posts since 2012
if you can locate a disclosure listing the specific details of the CD, that would be best way to answer your question. since there are call dates every month, my guess would be that it's only callable on the 10th, not other days. some disclosures for bonds indicate that when the bond gets called, the bondholder must be notified X number of days prior to it being called. something like that might also exist for this CD, depends on the terms.
Reply
1
MAKNYC
  |     |   323 posts since 2015
This is a typical response without having full details of your specific case, but yes it would be callable monthly on those specific dates, and probably with some short notification period. In your example the CD was likely funded on the 10th of a month, hence the call dates. Even so, it shouldn’t matter much. Accrued interest would be calculated to actual call dates even if they were allowed to call mid-period.
Reply
1


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.