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Jumbo CD Rates - June 2019

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

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.

Finding which banks have the best CD rates

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.

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FDIC Insured
Rates as of 6/19/2019
2.50% APY
Start Saving »
TermRateAPY
1 year 2.47% 2.50% GO
5 years 2.86% 2.90% GO
FDIC Insured
Rates as of 6/19/2019
2.80% APY
Start Saving »
TermRateAPY
1 year 2.76% 2.80% GO
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Colorado Federal Savings Bank
Rates as of 2019-06-19
Min. to earn APY
$5000
WebBank
Rates as of 2019-06-12
Min. to earn APY
$2500
State Bank of India
Rates as of 2019-06-11
Min. to earn APY
$5000
First Internet Bank
Rates as of 2019-06-17
Min. to earn APY
$1000
Connexus Credit Union
Rates as of 2019-06-19
Min. to earn APY
$5000
Sallie Mae Bank
Rates as of 2019-06-11
Min. to earn APY
$2500
Live Oak Bank
Rates as of 2019-06-19
Min. to earn APY
$2500
PurePoint Financial
Rates as of 2019-06-10
Min. to earn APY
$10000
NexBank, SSB
Rates as of 2019-06-08
Min. to earn APY
$10000
Citizens Access
Rates as of 2019-06-19
Min. to earn APY
$5000
Discover Bank
Rates as of 2019-06-13
Min. to earn APY
$2500
BankDirect
Rates as of 2019-06-19
Min. to earn APY
$10000
Popular Direct
Rates as of 2019-06-10
Min. to earn APY
$10000
ableBanking
Rates as of 2019-06-19
Min. to earn APY
$1000
Barclays
Rates as of 2019-06-19
Synchrony Bank
Rates as of 2019-06-11
Min. to earn APY
$2000
Goldman Sachs Bank USA
Rates as of 2019-06-06
Min. to earn APY
$500
FirstBank Florida
Rates as of 2019-06-14
Min. to earn APY
$500
Virtual Bank
Rates as of 2019-06-12
Min. to earn APY
$10000
Ally Bank
Rates as of 2019-06-19
Alliant Credit Union
Rates as of 2019-06-19
Min. to earn APY
$1000
Union Bank and Trust Company
Rates as of 2019-06-12
Min. to earn APY
$1000
Bellevue State Bank
Rates as of 2019-06-19
Min. to earn APY
$2500
Beal Bank, USA
Rates as of 2019-06-19
Min. to earn APY
$1000
Transportation Alliance Bank
Rates as of 2019-06-12
Min. to earn APY
$1000
Intrust Bank
Rates as of 2019-06-07
Min. to earn APY
$500
Apple Bank for Savings
Rates as of 2019-06-19
Min. to earn APY
$1000
MyBankingDirect
Rates as of 2019-06-08
Min. to earn APY
$500
Old Line Bank
Rates as of 2019-06-10
Min. to earn APY
$500
KS StateBank
Rates as of 2019-06-07
Min. to earn APY
$500
Capitol Federal Savings Bank
Rates as of 2019-06-19
Min. to earn APY
$1000
Beal Bank
Rates as of 2019-06-19
Min. to earn APY
$1000
Security State Bank
Rates as of 2019-06-11
Min. to earn APY
$1000
Vio Bank
Rates as of 2019-06-12
Min. to earn APY
$500
Community Bank (nevadacb.com)
Rates as of 2019-06-19
Min. to earn APY
$10000
Gulf Coast Bank and Trust Company
Rates as of 2019-06-04
Min. to earn APY
$2000
Opus Bank
Rates as of 2019-06-10
Min. to earn APY
$1000
Salem Five Direct
Rates as of 2019-06-11
Min. to earn APY
$10000
Westbury Bank
Rates as of 2019-06-12
Min. to earn APY
$500
Giantbank
Rates as of 2019-06-04
Min. to earn APY
$2500
iGOBanking
Rates as of 2019-06-05
Min. to earn APY
$1000
Navy Federal Credit Union
Rates as of 2019-06-08
Min. to earn APY
$1000
Middlesex Savings Bank
Rates as of 2019-06-08
Min. to earn APY
$250
Rockland Trust
Rates as of 2019-06-11
Min. to earn APY
$1000
BankPurely
Rates as of 2019-06-19
Min. to earn APY
$1000
Presidential Bank
Rates as of 2019-06-10
Min. to earn APY
$1
CIT Bank
Rates as of 2019-06-19
Min. to earn APY
$1000
State Farm Bank (Rate in NY)
Rates as of 2019-06-11
Min. to earn APY
$500
Beneficial Bank
Rates as of 2019-06-19
Min. to earn APY
$500
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!