What Are Jumbo CDs?
A jumbo CD is a CD in a very large denomination, usually at a minimum of $100,000 thousand. Jumbo CDs are commonly bought by large institutional investors, such as banks and pension funds, who are interested in low-risk and stable investment options. Jumbo CDs are also known as negotiable certificates of deposits and come in bearer form. It works like a conventional certificate of deposit that locks in the principal amount for a set time frame and is payable upon maturity.
To get more detailed information on the each of these CDs and to find out which are available at this time, visit your local bank or your online bank's website. To get the latest interest rates in the market today, check out our CD rates page.