What is a call certificate of deposit?

i know what a standard cd is.|||It's a CD that the bank can "call" or redeem at their discretion.





This type of CD has a higher interest rate than a regular CD of equal term. The trade-off is that if interest rates go down, the bank will redeem it, forcing you to reinvest at lower rates.





I always use callable CDs and have never had one called.|||I listed a source that may help you.