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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:

1 year Term
$0 Minimum to earn APY

1.30%APY

Rates as of 3/25/2017
FDIC Insured

Advertiser Comments

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

See more rates

1 year Term
$0 Minimum to earn APY

1.30%APY

Rates as of 3/25/2017
FDIC Insured

Advertiser Comments

  • Consistently Competitive Rates
  • 24/7 Customer Care
  • Ally Bank, Member FDIC

See more rates

1 year Term
$2000 Minimum to earn APY

1.35%APY

Rates as of 3/25/2017
FDIC Insured

Advertiser Comments

  • Member FDIC
  • Minimum balance to open is $2,000

See more rates

1 Yr. Term
$2500 Minimum to earn APY

0.05%APY

Rates as of 3/25/2017
FDIC Insured

Advertiser Comments

  • Guaranteed return, even during uncertain times.

See more rates

1 Yr. Term
$1000 Minimum to earn APY

0.05%APY

Rates as of 3/25/2017
FDIC Insured

Advertiser Comments

  • View your accrued interest and balance in Bank of America's mobile app.

See more rates

EverBank
1 year Term
Minimum to earn APY $5,000
1.42% APY
Rates as of 2017-03-21
Comment
Yield Pledge CD

Type: CD

Learn More
Melrose Credit Union
1 year Term
Minimum to earn APY $5,000
1.41% APY
Rates as of 2017-03-24
Comment
Share Certificate - Contact Melrose CU for opening paperwork - Must be a member

Type: CD

Learn More
Live Oak Bank
1 year Term
Minimum to earn APY $2,500
1.40% APY
Rates as of 2017-03-15
Comment
12 Month CD - Simple interest - Minimum deposit to open an account is $75,000, See morethe maximum amount is $250,000 per account - You cannot open this account using funds from another Live Oak Bank account the transfer needs to come from another banking institution - Rate special applies only to customers who enroll online and is effective through 12 PM ET on 05/01/2015 - Live Oak Bank is headquartered in Wilmington, North Carolina

Type: CD

Learn More
Pentagon Federal Credit Union
1 year Term
Minimum to earn APY $1,000
1.36% APY
Rates as of 2016-12-14
Comment
Money Market CD-membership is open to U.S. military

Type: CD

Learn More
Colorado Federal Savings Bank
1 year Term
Minimum to earn APY $5,000
1.35% APY
Rates as of 2017-03-22
Comment
Online CD

Type: CD

Learn More
Virtual Bank
1 year Term
Minimum to earn APY $10,000
1.34% APY
Rates as of 2017-03-22
Comment
eCD rates for online account only

Type: CD

Learn More
CIT Bank
1 year Term
Minimum to earn APY $1,000
1.32% APY
Rates as of 2017-03-22
Comment
Term CD - Apply online

Type: CD

Learn More
State Bank of India
1 year Term
Minimum to earn APY $5,000
1.29% APY
Rates as of 2016-12-14
Comment
Certificate of Deposit Accounts, New York Branch

Type: CD

Learn More
E-Loan
1 year Term
Minimum to earn APY $10,000
1.28% APY
Rates as of 2017-03-21

Type: CD

Learn More
First Internet Bank
1 year Term
Minimum to earn APY $1,000
1.26% APY
Rates as of 2017-03-01
Comment
12 month CD

Type: CD

Learn More
CIT Bank
1 year Term
Minimum to earn APY $25,000
1.26% APY
Rates as of 2017-03-22
Comment
Ramp-Up Plus CD - Available in 1- and 2-year terms - Minimum deposit of $25,000 See more(maximum $250,000) - Option to increase your rate once during the term of your CD if bank rates go up (limits may apply) - Freedom to add to your original deposit once during the term of your CD

Type: CD

Learn More
Beal Bank, USA
1 year Term
Minimum to earn APY $1,000
1.25% APY
Rates as of 2017-03-22
Comment
Rate may vary by location. Rate collected within: 94104 (CA)

Type: CD

Learn More
Transportation Alliance Bank
1 year Term
Minimum to earn APY $1,000
1.25% APY
Rates as of 2016-12-14
Comment
12 Month CD

Type: CD

Learn More
Sallie Mae Bank
1 year Term
Minimum to earn APY $2,500
1.25% APY
Rates as of 2017-01-16
Comment
12 Month - Nationwide - Apply online

Type: CD

Learn More
Giantbank
1 year Term
Minimum to earn APY $2,500
1.23% APY
Rates as of 2017-02-23
Comment
12 Month - Giant Personal CD

Type: CD

Learn More
AloStar Bank of Commerce
1 year Term
Minimum to earn APY $1,000
1.23% APY
Rates as of 2017-03-22
Comment
APY for balances $1,000 - $49,999 - apply online

Type: CD

Learn More
Amboy Direct
1 year Term
Minimum to earn APY $10,000
1.20% APY
Rates as of 2017-03-22
Comment
Anytime Access CD - Simple Interest $10,000 Minimum Opening Balance

Type: CD

Learn More
Barclays
1 year Term
Minimum to earn APY $0
1.20% APY
Rates as of 2017-03-22
Comment
12 Month Online CD

Type: CD

Learn More
Discover Bank
1 year Term
Minimum to earn APY $25,000
1.15% APY
Rates as of 2017-03-21
Comment
12 Month CD

Type: CD

Learn More
Citizens State Bank (csbtx.com)
1 year Term
Minimum to earn APY $1,000
1.15% APY
Rates as of 2017-03-22
Comment
Located in Texas

Type: CD

Learn More
Middlesex Savings Bank
1 year Term
Minimum to earn APY $250
1.15% APY
Rates as of 2017-02-15
Comment
12-23 Month CD

Type: CD

Learn More
Connexus Credit Union
1 year Term
Minimum to earn APY $10,000
1.10% APY
Rates as of 2017-03-22
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
Community Bank (nevadacb.com)
1 year Term
Minimum to earn APY $10,000
1.10% APY
Rates as of 2017-03-22
Comment
Located in Iowa - local market only

Type: CD

Learn More
Goldwater Bank
1 year Term
Minimum to earn APY $5,000
1.07% APY
Rates as of 2017-02-23
Comment
12 Month - Rate collected in Arizona

Type: CD

Learn More
Navy Federal Credit Union
1 year Term
Minimum to earn APY $1,000
1.05% APY
Rates as of 2017-03-24
Comment
Short Term CD

Type: CD

Learn More
Peoples Bank (thefriendlybank.com)
1 year Term
Minimum to earn APY $1,000
1.01% APY
Rates as of 2017-03-11

Type: CD

Learn More
California First National Bank
1 year Term
Minimum to earn APY $5,000
1.00% APY
Rates as of 2017-03-22

Type: CD

Learn More
Bank of Internet
1 year Term
Minimum to earn APY $1,000
1.00% APY
Rates as of 2017-03-22
Comment
12 Month CD

Type: CD

Learn More
The Palladian Private Bank
1 year Term
Minimum to earn APY $1,000
1.00% APY
Rates as of 2017-01-14
Comment
12 Month CD

Type: CD

Learn More
Valley National Bank
1 year Term
Minimum to earn APY $500
1.00% APY
Rates as of 2017-03-22
Comment
12 Month CD

Type: CD

Learn More
Columbia Bank (columbiabankonline.com)
1 year Term
Minimum to earn APY $500
1.00% APY
Rates as of 2017-03-22
Comment
12 Month CD - Apply online

Type: CD

Learn More
EH National Bank
1 year Term
Minimum to earn APY $10,000
0.95% APY
Rates as of 2017-03-21
Comment
12 Month Personal CD

Type: CD

Learn More
HSBC Advance
1 year Term
Minimum to earn APY $1,000
0.95% APY
Rates as of 2017-02-17
Comment
Online only - 12 Month CD

Type: CD

Learn More
HSBC
1 year Term
Minimum to earn APY $1,000
0.95% APY
Rates as of 2017-02-24
Comment
1 Year Plus 1 Day CD - Stated rate is for accounts opened by phone

Type: CD

Learn More
Nationwide Bank
1 year Term
Minimum to earn APY $500
0.90% APY
Rates as of 2017-03-24
Comment
12 Month CD - for balances in Tier $0-$9,999

Type: CD

Learn More
OneUnited Bank
1 year Term
Minimum to earn APY $1,000
0.90% APY
Rates as of 2017-02-15
Comment
UNITY Gold One Year E-CD - Tier $1,000 - $99,999.99 - Available Online only

Type: CD

Learn More
Opus Bank
1 year Term
Minimum to earn APY $1,000
0.90% APY
Rates as of 2017-02-15
Comment
12 Month CD - Tiered Rates $1,000-$9,999 - Rate collected within: 94115 (CA)

Type: CD

Learn More
California Business Bank
1 year Term
Minimum to earn APY $1,000
0.86% APY
Rates as of 2017-03-22
Comment
MyCBB 12 Month CD

Type: CD

Learn More
Stonebridge Bank
1 year Term
Minimum to earn APY $500
0.85% APY
Rates as of 2016-12-14
Comment
12 Month CD

Type: CD

Learn More
Security State Bank
1 year Term
Minimum to earn APY $1,000
0.85% APY
Rates as of 2016-12-14
Comment
12 Month CD. Limited to Northwest Iowa market area

Type: CD

Learn More
Main Bank
1 year Term
Minimum to earn APY $1,000
0.85% APY
Rates as of 2017-03-24
Comment
12 Month CD

Type: CD

Learn More
BankNewport
1 year Term
Minimum to earn APY $1,000
0.85% APY
Rates as of 2017-03-22
Comment
Regular CD

Type: CD

Learn More
Boiling Springs Savings Bank
1 year Term
Minimum to earn APY $1,000
0.85% APY
Rates as of 2017-03-22
Comment
12 Month Special CD - Apply at a branch

Type: CD

Learn More
Biscayne Bank
1 year Term
Minimum to earn APY $20,000
0.85% APY
Rates as of 2017-03-22
Comment
12 Month CD Time Deposit Account - APY for balances between $20,000 to $99,999 - See moreMiami-Dade County, Florida market area only

Type: CD

Learn More
Alliance Bank (alliancebank.us)
1 year Term
Minimum to earn APY $500
0.75% APY
Rates as of 2017-03-22
Comment
12 Month CD - Located in Wisconsin

Type: CD

Learn More
Brunswick State Bank
1 year Term
Minimum to earn APY $1,000
0.75% APY
Rates as of 2017-03-22
Comment
12 Month CD - Limited to local Nebraska market area

Type: CD

Learn More
Lake City Federal Bank
1 year Term
Minimum to earn APY $1,000
0.75% APY
Rates as of 2017-02-17
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
Metz Banking Company
1 year Term
Minimum to earn APY $1,000
0.75% APY
Rates as of 2017-02-15
Comment
12 Month CD - Missouri market area - Must open account in person

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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