dcsimg

Jumbo CD Rates: April 2020

Compare jumbo CD interest rates from hundreds of banks to maximize your earnings.

Our articles, research studies, tools, and reviews maintain strict editorial integrity; however, we may be compensated when you click on or are approved for offers from our partners.

When it comes to finding the best CD rates, having more money to deposit can work in your favor if you focus your search on jumbo CDs.

What is a jumbo CD?

Like most businesses, banks are interested in attracting large customers, and sometimes offer special deals for people who are willing to make big deposits. A jumbo CD rate is an example of an incentive some banks offer to attract large deposits.

Traditionally, the term "jumbo CD" has been applied to CDs of $100,000 or greater. However, banks currently may set a variety of thresholds at which you can become eligible for a higher rate, with some of those thresholds being well under $100,000. In general though, the more money you have to deposit, the more high-rate deals you are likely to find.

Compare featured CD accounts: Picks of April 2020

Where and How to Find the Best CD Rates Available

If you have a large amount of money you are looking to put into a CD, the following are some tips for getting a little extra out of your CD rate:

1. Upfront research can pay off for years. MoneyRates always advises that you shop around for deposit products because interest rates vary greatly from bank to bank, and being selective is especially important when it comes to CDs. Because CD rates are locked in for months or years, choosing a better rate today can pay you more well into the future.

2. Use your buying power. If you have a large deposit to make - whether it be the traditional jumbo CD threshold of $100,000 or even somewhat less than that - be sure to see if the size of your deposit would qualify you for a special CD rate. Also, when comparing CDs, be sure to use the rates that apply to the size of your planned deposit.

3. Let online tools save you time. There are many banks to choose from, and finding jumbo CD rates can be especially time-consuming because there are so many variables related to size and terms to sift through. However, MoneyRates has a tool that makes it easy for you to compare CD rates specific to the size and term you have in mind.

Account Type:

Zip Code
Valid zip code required

Amount:

Select

Credit Rating:

Select
More Filters (4)

Purpose Of Account:

Household Income:

Select

Currently Banking With:

  • Capital One
  • Barclays
  • Synchrony Bank
  • Ally Bank
  • CIT Bank
  • HSBC
  • Sallie Mae Bank
  • American Express National Bank
  • Discover Bank
  • Other

Deposit Frequency

Select

Term:

Select
Advertiser Disclosure
Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. *APY (Annual Percentage Yield).
HSBC
FDIC Insured
USAA Bank
FDIC Insured
Citibank
FDIC Insured
TD Bank (Rate in NY)
FDIC Insured
Union Bank
FDIC Insured
Wells Fargo Bank (Rate in NY)
FDIC Insured
US Bank (Rate in CA)
FDIC Insured
PNC Bank (Rate in NY)
FDIC Insured
Bank of America (Rate in NY)
FDIC Insured
Fifth Third Bank
FDIC Insured
Chase (Rate in NY)
FDIC Insured
Live Oak Bank
FDIC Insured
CIT Bank
FDIC Insured
Barclays
FDIC Insured
Gulf Winds Federal Credit Union
FDIC Insured
Discover Bank
FDIC Insured
Navy Federal Credit Union
FDIC Insured
Transportation Alliance Bank
FDIC Insured
South LaFourche Bank
FDIC Insured
Citizens Access
FDIC Insured
Synchrony Bank
FDIC Insured
Opus Bank
FDIC Insured
Capital One
FDIC Insured
Ally Bank
FDIC Insured
State Bank of India
FDIC Insured
Capitol Federal Savings Bank
FDIC Insured
Westbury Bank
FDIC Insured
First Internet Bank
FDIC Insured
Alliant Credit Union
FDIC Insured
Rhinebeck Savings Bank
FDIC Insured
Intrust Bank
FDIC Insured
Sallie Mae Bank
FDIC Insured
Wildfire Credit Union
FDIC Insured
O Bee Credit Union
FDIC Insured
Ultima Bank Minnesota
FDIC Insured
Warsaw Federal Savings and Loan
FDIC Insured
Wings Financial Credit Union
First Federal Savings and Loan Association of Lakewood
FDIC Insured
Solutions North Bank
FDIC Insured
ableBanking
FDIC Insured
Lake City Federal Bank
FDIC Insured
Cobalt Credit Union
FDIC Insured
American Bank
FDIC Insured
Alaska USA Federal Credit Union
FDIC Insured
NBKC Bank
FDIC Insured
Beal Bank, USA
FDIC Insured
WebBank
FDIC Insured
Saginaw Medical Federal Credit Union
FDIC Insured
Alliance Bank (alliancebank.us)
FDIC Insured
Pentagon Federal Credit Union
FDIC Insured
BankDirect
FDIC Insured
Neighbors Credit Union
FDIC Insured
PurePoint Financial
FDIC Insured
KS StateBank
FDIC Insured
Ridgewood Savings Bank
FDIC Insured
Metz Banking Company
FDIC Insured
Citizens First Bank (citizensfb.com)
FDIC Insured
Connexus Credit Union
FDIC Insured
Amerant Bank, N.A.
FDIC Insured
Presidential Bank
FDIC Insured
Vio Bank
FDIC Insured
Wakefield Co-operative Bank
FDIC Insured
Haverhill Bank
FDIC Insured
Kearny Bank
FDIC Insured
Northpointe Bank
FDIC Insured
Abound Credit Union
FDIC Insured
LegacyTexas Bank
FDIC Insured
Amboy Direct
FDIC Insured
Dollar Savings Direct
FDIC Insured
Colorado Federal Savings Bank
FDIC Insured
EagleBank
FDIC Insured
Northern Bank Direct
FDIC Insured
Black River Country Bank
FDIC Insured
Viking Bank
FDIC Insured
Peoples Bank (thefriendlybank.com)
FDIC Insured
Gate City Bank
FDIC Insured
American Plus Bank
FDIC Insured
Root River State Bank
FDIC Insured
Beal Bank
FDIC Insured
Kirkwood Bank and Trust
FDIC Insured
Think Mutual Bank
FDIC Insured
Popular Direct
FDIC Insured
Coastal Heritage Bank
FDIC Insured
Union Bank and Trust Company
FDIC Insured
Virtual Bank
FDIC Insured
OneUnited Bank
FDIC Insured
Southeast Financial Credit Union
FDIC Insured
Columbia Bank (columbiabankonline.com)
FDIC Insured
Brunswick State Bank
FDIC Insured
Country Heritage Credit Union
FDIC Insured
United Valley Bank
FDIC Insured
Hingham Institution for Savings
FDIC Insured
Crossroads Bank (crossroadsbank.com)
FDIC Insured
California Business Bank
FDIC Insured
First Republic Bank
FDIC Insured
Americas Credit Union
FDIC Insured
Cathay Bank
FDIC Insured
Avidia Bank
FDIC Insured
CoreFirst Bank and Trust
FDIC Insured
Rates / Annual Percentage Yield 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 unions are member 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.

Specific considerations when choosing a jumbo CD

There are some precautions you should take whenever investing in a CD, and these apply especially when considering a jumbo CD:

  1. FDIC insurance limit. This limit is currently $250,000 per depositor per institution. Most bank customers don't have to worry about that, but if you are starting a jumbo CD you may be well on the way to reaching that limit. Not only should you make sure your CD does not exceed $250,000 (and remember, it will grow over time with interest so don't cut it too close), but if you have other accounts at the same bank make sure the total of all your deposits there does not go over the $250,000 limit.
  2. Early withdrawal penalty. CDs typically offer higher rates for longer term commitments, but the catch is that you are likely to pay a penalty if you take your money out early. With a jumbo CD, this means tying up a particularly large amount of your cash. Check the early withdrawal penalty before signing up, and if you are unsure whether you might need some of the money before the CD matures, consider a shorter-term CD or CD laddering.

Best jumbo CD rates found by users like you

Have you come across a jumbo CD rate better than the ones displayed by the MoneyRates table? If yes, please share them with us and your fellow MoneyRates users! This information is most helpful if you can include some details such as: the name and location of the bank, whether you opened the account online or in the branch, the APY, term of the CD, and when you opened the CD. Thank you!

2 Comments
Jeanne Dietsch 14 February 2017 at 6:20 pm

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

me 17 February 2015 at 4:18 pm

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!