What is the difference between a callable and a non-callable bond in terms of maturity date?

In terms of maturity date, a callable bond and a noncallable bond differ in that a callable bond has an embedded call option that allows the issuer to redeem the bond before its maturity date, while a noncallable bond cannot be redeemed by the issuer before its maturity date.

A callable bond typically has a longer maturity date than a noncallable bond because the issuer has the option to redeem the bond earlier if market interest rates fall, which can save the issuer money on interest payments. As a result, callable bonds often offer a higher yield than noncallable bonds to compensate investors for the risk of early redemption.