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  1. Raisin
  2. Raisin FAQ
  3. Managing Your Account
  4. Certificates of Deposits (CDs)

Certificates of Deposits (CDs)

  • Can I cancel a callable CD and what happens if I do?
  • How often do banks call callable CDs and why?
  • I have a CD. What happens to my funds at maturity or if I cancel my CD?
  • What are the risks or downsides of investing in callable CDs?
  • What happens if your callable CD is called?
  • What happens when a callable CD is called by the bank?
  • What is the non-call period on a callable CD?
  • When is a callable CD’s call date and what does it mean?
  • Will I pay early withdrawal penalties if my callable CD is called by the bank or credit union?

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