Our pick for Jumbo CDs: CIT Bank Jumbo CDs
- Guaranteed rate of return
- Balance your overall investments
- No account opening or maintenance fees
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Jumbo CDs are a safe investment alternative that usually require a minimum $100,000 deposit. But they can have high penalties if you withdraw your money early. Compare jumbo CD rates available today, and see which one is the right account for you.
When comparing jumbo CDs, keep the following in mind:
Compare jumbo CD rates from top financial institutions. Sort the table by term or click the “Compare” box next to your favorite institutions to view rates side-by-side.
Jumbo CDs with high deposit requirements have these pros and cons:
A jumbo CD is any certificate of deposit for $100,000 or more that grows your investment at a fixed interest rate over a specified period of time. You’ll know exactly how much you’re getting and when — but there are penalties if you withdraw your money early. Longer terms will be eligible for higher interest rates.
If you’re looking for a safe, guaranteed way to grow your income over a set period of time, consider a high-yield CD. But if you can’t commit to not touching your money for the full term length, you may be better off with a traditional savings account — or a combination of the two.
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