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The article doesn’t say but I’m assuming it’s callable, in which case it’s all loss and no gain since they can just refinance it when rates go down.
by ericpauley 3y ago
The article doesn’t say but I’m assuming it’s callable, in which case it’s all loss and no gain since they can just refinance it when rates go down.
- eatbitseveryday 3y agoRead the bank's main announcement. > Can the bank redeem the CD early? (Also known as a “callable CD”) > No. Only the account holder can choose to redeem the CD prior to maturity (with applicable penalty for early withdrawal).
- deleted 3y ago[deleted]