Series 50: Step-Up And Step-Down CDs

Taken from our Series 50 Online Guide

Step-Up and Step-Down CDs

Step-up CDs, also known as rising-rate CDs, allow the investor to opt out of the initial interest rate of the CD and go up to a higher current interest rate during the life of the bond. This can be of value if the investor is buying a CD when interest rates are expected to

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