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How to Find the Best Jumbo CD Rates

by | Money Rates Columnist

So-called "jumbo" certificates of deposit are attractive to savers because in exchange for a $100,000 minimum deposit, you can often enjoy higher CD rates than with a regular CD account.

In some cases, the interest rate on a jumbo CD can beat a regular CD by as much as 1% and even beyond, depending on the length of the term.

Jumbo CD rates vs. non-jumbo rates

So what's the best way to research and compare bank rates?

For one, MoneyRates tracks the best CD rates for you, with some rates higher than the national average.

U.S. institutions had a national average of 0.25% for 1 year CD rates for jumbo accounts, according to the Federal Deposit Insurance Corporation update on Jan. 23, 2017. In comparison, some institutions featured on MoneyRates.com have rates higher than a 2% annual percentage yield.

Whether investing in regular or jumbo CDs, you could look into building a CD ladder that could help maximize yields to grow your money. 

Investing in jumbo CD rates? Beware of early withdrawal penalities

However, be aware of charges if you withdraw from your jumbo savings account too early. Before investing in, say, a 5 year jumbo CD with 1.5% interest rate, smart savers need to consider that their money will be locked into that rate for the entire period, unless they want to pay an early-withdrawal penalty.

Another point to remember when investing in jumbo CD accounts: CDs have FDIC insurance coverage up to $250,000 per depositor, per institution. Keep an eye on the total in your account to be sure you don’t exceed this.

Compare jumbo accounts in the table below to find the highest jumbo CD rates and great perks. 

 Account Type
 Term
 Amount
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Credit Rating
Currently banking with:
5 years Term
$2000 Minimum to earn APY
Rates as of 5/25/2017
FDIC Insured

Advertiser Comments

  • Great Rates + Safety = Peace of Mind
  • Member FDIC

See more rates

5 years Term
$500 Minimum to earn APY
Rates as of 5/25/2017
FDIC Insured

Advertiser Comments

  • 10-day CD Rate Guarantee
  • Choose your monthly interest disbursement
  • Low $500 minimum deposit

See more rates

5 years Term
$0 Minimum to earn APY
Rates as of 5/25/2017
FDIC Insured

Advertiser Comments

  • No Minimum Deposit on CDs & No Fees
  • Savings Assistant To Help You Set & Achieve Your Goals
  • Over 300 Years of Banking Experience

See more rates

5 years Term
$0 Minimum to earn APY
Rates as of 5/25/2017
FDIC Insured

Advertiser Comments

  • Open a CD today to enjoy steady growth and guaranteed returns.

See more rates

USAA Bank
5 year Term
Minimum to earn APY $1,000
1.06% APY
Rates as of 2017-05-21
Comment
Fixed Rate Standard CD Tier $1,000 - $94,999 - USAA Bank is a member based See morebank providing services to active and retired military personnel and their families. Most banking products are available to the general public. See website for details.

Type: CD

Learn More
TD Bank (Rate in NY)
5 year Term
Minimum to earn APY $250
0.65% APY
Rates as of 2017-05-21
Comment
TD Choice Standard Rate CD - 5 Year - Rate collected within: New York City, See moreNY

Type: CD

Learn More
PNC Bank (Rate in NY)
5 year Term
Minimum to earn APY $1,000
0.60% APY
Rates as of 2017-05-21
Comment
60 Month Fixed Rate CD Only - for balances between $1,000.00-$9,999.99 - Rate collected within: See more10017 (NY)

Type: CD

Learn More
Union Bank
5 year Term
Minimum to earn APY $350
0.50% APY
Rates as of 2017-05-21
Comment
60 Month CD - Tier $350-$999 - Rate collected within: CA

Type: CD

Learn More
Citibank
5 year Term
Minimum to earn APY $500
0.50% APY
Rates as of 2017-05-24
Comment
5 Year CD - Tier below $10,000 - Online account only - Rate collected within; See moreNY

Type: CD

Learn More
Fifth Third Bank
5 year Term
Minimum to earn APY $500
0.40% APY
Rates as of 2017-05-24
Comment
60 - 84 Month Standard CD - Tier Less than $5,000 - Rate collected within: See more60625 (IL)

Type: CD

Learn More
Melrose Credit Union
5 year Term
Minimum to earn APY $5,000
2.42% APY
Rates as of 2017-05-18
Comment
Share Certificate - contact Melrose CU for opening paperwork - Must be a member

Type: CD

Learn More
Popular Community Bank
5 year Term
Minimum to earn APY $1,000
2.35% APY
Rates as of 2017-05-21
Comment
60 Month CD - Rate offer not valid for accounts opened with funds coming from See morean existing Popular Account. - Rates collected within: New York

Type: CD

Learn More
Popular Direct
5 year Term
Minimum to earn APY $10,000
2.35% APY
Rates as of 2017-05-21

Type: CD

Learn More
F and A Federal Credit Union
5 year Term
Minimum to earn APY $1,000
2.33% APY
Rates as of 2017-05-24
Comment
Term Share Certificate - 60 Months (1825 days) - Must be a member - County See moreof Los Angeles, CA

Type: CD

Learn More
State Bank of India
5 year Term
Minimum to earn APY $5,000
2.32% APY
Rates as of 2017-05-21
Comment
Certificate of Deposit Accounts, New York Branch - for CD 5 years and above

Type: CD

Learn More
First Internet Bank
5 year Term
Minimum to earn APY $1,000
2.27% APY
Rates as of 2017-05-24
Comment
60 month CD

Type: CD

Learn More
Ally Bank
5 year Term
Minimum to earn APY $0
2.25% APY
Rates as of 2017-05-24
Comment
High-Yield CD - Apply online - Rate collected within: CA

Type: CD

Learn More
EverBank
5 year Term
Minimum to earn APY $5,000
2.25% APY
Rates as of 2017-05-17
Comment
Yield Pledge CD

Type: CD

Learn More
Virtual Bank
5 year Term
Minimum to earn APY $10,000
2.22% APY
Rates as of 2017-05-21
Comment
eCD rates for online account only

Type: CD

Learn More
State Farm Bank (Rate in NY)
5 year Term
Minimum to earn APY $500
2.20% APY
Rates as of 2017-05-21
Comment
60 Month CD - Less than $100,000 - Rate collected within: 10025 (NY)

Type: CD

Learn More
Community Bank of Trenton
5 year Term
Minimum to earn APY $1,000
2.17% APY
Rates as of 2017-05-24
Comment
60 Month CD

Type: CD

Learn More
Gulf Winds Federal Credit Union
5 year Term
Minimum to earn APY $500
2.15% APY
Rates as of 2017-05-24
Comment
60 Month Term Share Certificate

Type: CD

Learn More
Pentagon Federal Credit Union
5 year Term
Minimum to earn APY $1,000
2.12% APY
Rates as of 2017-05-21
Comment
Money Market Certificates - membership is open to U.S. military

Type: CD

Learn More
Raymond James Bank
5 year Term
Minimum to earn APY $5,000
2.12% APY
Rates as of 2017-05-21
Comment
60 month CD

Type: CD

Learn More
American Bank (ambk.com)
5 year Term
Minimum to earn APY $500
2.10% APY
Rates as of 2017-05-24
Comment
60 Month Promotional CD - New money only

Type: CD

Learn More
Warsaw Federal Savings and Loan
5 year Term
Minimum to earn APY $1,000
2.05% APY
Rates as of 2017-05-24

Type: CD

Learn More
TheBANK of Edwardsville
5 year Term
Minimum to earn APY $1,000
2.05% APY
Rates as of 2017-05-21
Comment
60 Month CD. IL market area only

Type: CD

Learn More
Fort Knox Credit Union
5 year Term
Minimum to earn APY $500
2.05% APY
Rates as of 2017-05-24
Comment
59 month - Membership is available, but not limited to select employer groups or those See morewho live, work,or worship, attend school or regularly do business in Boyle, Breckenridge, Grayson, Hart, LaRue, Meade, Nelson or Taylor County. See website for additional eligiblity criteria.

Type: CD

Learn More
First Federal Savings and Loan Association of Lakewood
5 year Term
Minimum to earn APY $500
2.03% APY
Rates as of 2017-05-24
Comment
Long Term Accounts

Type: CD

Learn More
Peoples Bank (thefriendlybank.com)
5 year Term
Minimum to earn APY $1,000
2.03% APY
Rates as of 2017-05-21

Type: CD

Learn More
Beneficial Bank
5 year Term
Minimum to earn APY $500
2.02% APY
Rates as of 2017-05-24
Comment
60 month CD

Type: CD

Learn More
O Bee Credit Union
5 year Term
Minimum to earn APY $500
2.02% APY
Rates as of 2017-05-18
Comment
5 Year CD - Must be a member of O Bee Credit Union

Type: CD

Learn More
Crossroads Bank (crossroadsbank.com)
5 year Term
Minimum to earn APY $500
2.01% APY
Rates as of 2017-05-24
Comment
60 Month CD. Account must be opened in person in Effingham, IL

Type: CD

Learn More
Valley National Bank
5 year Term
Minimum to earn APY $500
2.00% APY
Rates as of 2017-05-21
Comment
60 Month CD

Type: CD

Learn More
Discover Bank
5 year Term
Minimum to earn APY $2,500
2.00% APY
Rates as of 2017-05-24

Type: CD

Learn More
Geauga Savings Bank
5 year Term
Minimum to earn APY $1,000
2.00% APY
Rates as of 2017-05-24
Comment
Local funds only, contact retail offices in Ohio

Type: CD

Learn More
Washington Federal
5 year Term
Minimum to earn APY $1,000
2.00% APY
Rates as of 2017-05-24
Comment
60 month term - Balances of $1000-$89,999 - Account must be opened in branch - See moreAccounts are available within: WA, OR, ID, UT, AZ, NV, TX and NM

Type: CD

Learn More
Security Service Federal Credit Union
5 year Term
Minimum to earn APY $500
2.00% APY
Rates as of 2017-05-21
Comment
must be a member and reside in Texas, Colorado or Utah - apply online - See moreRate collected within: 78203 (TX)

Type: CD

Learn More
Geddes Federal Savings and Loan Association
5 year Term
Minimum to earn APY $500
2.00% APY
Rates as of 2017-05-24
Comment
Central New York market area only

Type: CD

Learn More
Viking Savings Bank
5 year Term
Minimum to earn APY $500
2.00% APY
Rates as of 2017-05-21
Comment
60 Month CD

Type: CD

Learn More
National Bank of Kansas City
5 year Term
Minimum to earn APY $5,000
2.00% APY
Rates as of 2017-05-18
Comment
Personal CD 60 Month - open online, $5,000 to open

Type: CD

Learn More
Connexus Credit Union
5 year Term
Minimum to earn APY $5,000
2.00% APY
Rates as of 2017-05-24
Comment
Rate available with active checking account - membership is available nationwide - may become a See moremember and open account online - contact credit union for details - credit union located in Wisconsin

Type: CD

Learn More
First Republic Bank
5 year Term
Minimum to earn APY $10,000
2.00% APY
Rates as of 2017-05-24
Comment
5 Year CD - Rates collected within: Northern California

Type: CD

Learn More
Wings Financial Credit Union
5 year Term
Minimum to earn APY $500
1.96% APY
Rates as of 2017-05-24
Comment
5 Year Special - Membership is limited to employees of the air transportation industry, as See morewell as those who live or work in select counties of the Minneapolis/St. Paul, MN, metro area

Type: CD

Learn More
Nationwide Bank
5 year Term
Minimum to earn APY $500
1.96% APY
Rates as of 2017-05-18
Comment
60 Month CD - for balances in Tier $100,000 or higher

Type: CD

Learn More
Lake City Federal Bank
5 year Term
Minimum to earn APY $1,000
1.95% APY
Rates as of 2017-05-18
Comment
Lake City considers its trade area to be within a 30 mile radius of Lake See moreCity, MN and reserves the right to reject any deposit or application outside the trade area.

Type: CD

Learn More
Nationwide Bank
5 year Term
Minimum to earn APY $500
1.91% APY
Rates as of 2017-05-18
Comment
60 Month CD - for balances in Tier $0-$9,999

Type: CD

Learn More
Wildfire Credit Union
5 year Term
Minimum to earn APY $2,000
1.85% APY
Rates as of 2017-05-24
Comment
60 month CD - For balances of $100,000 or more contact credit union for See morerates. Membership is open to those who live, work, worship or attend college in one of the following Michigan counties: Saginaw, Bay, Midland, Genesee, Gratiot, Shiawassee and Tuscola.

Type: CD

Learn More
Black River Country Bank
5 year Term
Minimum to earn APY $1,000
1.81% APY
Rates as of 2017-05-24

Type: CD

Learn More
Sallie Mae Bank
5 year Term
Minimum to earn APY $2,500
1.80% APY
Rates as of 2017-05-21
Comment
60 Month - Nationwide - Apply online

Type: CD

Learn More
Webster Bank
5 year Term
Minimum to earn APY $1,000
1.80% APY
Rates as of 2017-05-24
Comment
5 Year CD Tier $1,000-$2,499

Type: CD

Learn More
Ridgewood Bank
5 year Term
Minimum to earn APY $500
1.80% APY
Rates as of 2017-05-21
Comment
60 month CD

Type: CD

Learn More

Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.

Showing 2 comments | Add your comment
Jeanne Dietsch

14 February 2017 at 10:20 am

NOTE: Be sure the account is FDIC insured before you give them your money!

me

17 February 2015 at 8:18 am

Why are rates now sorted by name and not highest rate. this makes this site basically useless as I now must waste an hour going through everything!

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