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What are jumbo CD rates?

Jumbo CD rates today range from less than 2.00% APY to over 5.00% APY, depending on minimum balance requirements and term length. The best 12-month jumbo CD rates currently hover around 5.00% APY, and the highest jumbo CD rates for five-year terms are around 4.00% APY.

Which banks offer jumbo CD rates?

Credit One Bank, Alliant Credit Union, State Department Federal Credit Union, Quorum Federal Credit Union, and Rising Bank offer the best jumbo CD rates. If you have at least $100,000 to invest, a jumbo certificate of deposit (CD) can provide a competitive, guaranteed return for a certain period of time.

How much APY does a jumbo CD pay?

Jumbo CDs are typically available for savers with at least $95,000 or $100,000 to deposit. These accounts historically have provided a higher rate of return than traditional CDs. But in 2024, you should be able to find even higher APYs with much lower balance requirements. Today’s top widely available jumbo CD pays 4.95 percent APY.

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