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Jumbo Savings Accounts

Compare jumbo savings accounts and interest rates from hundreds of banks to help maximize your earnings.

Jumbo savings accounts pay higher interest rates than regular savings accounts do, making these accounts more attractive to serious savers. How do you get these better rates? Just as shopping at a wholesale-type store: when you buy in bigger volume, you can often obtain a better deal.

It works the same way with banks. If you deposit a large sum of money, you may get a better interest rate on your savings. However, banks offer widely varying rates, and not all banks give you a better rate for larger deposits. To find the best interest rates for large deposits, it helps to understand what jumbo savings accounts are and how they work.

What are jumbo savings account rates?

Traditionally, the term "jumbo account" has applied to a deposit of $100,000 or more. However, some banks are relaxing these standards and special rates may apply at account thresholds of less than $100,000. In fact, smart shoppers may be able to find a regular savings account paying the equivalent of jumbo savings account rates with little or no minimum deposit or balance requirement.

Differences between jumbo savings and money market accounts

There are some differences in how banks invest these accounts, and depending on the institution, savings and money market accounts may offer different features such as check-writing services.

However, the basic characteristics of savings and money market accounts are the same. Both are eligible for FDIC insurance at participating banks. Both offer immediate access to your money, but limit withdrawals and other transfers out of the account to six occurrences per month.

The bottom line is, if you have a large amount of money to deposit, and are looking for safety and liquidity, you may want to compare jumbo savings and jumbo money market accounts side-by-side.

Finding the best bank to deposit a large sum of money

Since banks offer a wide range of interest rates, it's important to do some research to find the best rates and terms before you open your account. Fortunately, MoneyRates.com has done a lot of the work for you.

You could go to the individual web sites of dozens of different banks to search for rates. Or you could use the tool below to automatically compare a large number of rates side-by-side. MoneyRates.com regularly monitors more than 300 savings account products, featuring some of the best interest rates for easy comparison. Here's our methodology.

As you compare rates using this tool, here are some tips for getting the most out of the data:

1. Consider both savings and money market accounts in your search. Since they have similar characteristics, you should be flexible about choosing whichever offers the best rate.

2. Compare rates specific to your intended deposit amount. As noted previously, some banks offer higher rates for larger deposits, and these don't necessarily have to meet the $100,000 threshold. Conversely, some banks actually cap the amount of money that is eligible for their advertised rates, so entering the amount you intend to deposit can help you find the best rate for your situation.

3. Keep your eyes open for rate changes. Savings account rates, like money market rates, are subject to change at any time. Once you open your account, regularly check whether the interest rate you are receiving has changed, and periodically check back to this tool to see if your rate is still as competitive as it was when you opened the account.

Best jumbo savings account rates: user-reported

Have you found even better jumbo savings account rates than those displayed above? If so, please share them with us and other MoneyRates users!

Please give us the details - include the name of the bank, account term, when you opened the account and whether the account can be opened online or only in a branch (if the latter, please include the location of the branch). Thank you!

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Goldman Sachs Bank USA
Rate
1.60 % APY
Min. to earn APY
$1
Advertiser comments
  • No transaction fees
  • No minimum deposit to open
  • FDIC insurance up to the maximum allowed by law
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Capital One
Rate
1.60 % APY
Min. to earn APY
$10000
Advertiser comments
  • 360 Money Market®
  • One of the Nation’s Top Rates Without Fees
  • Member FDIC
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Synchrony Bank
Rate
1.55 % APY
Min. to earn APY
$1
Advertiser comments
  • Great Rates + Safety = Peace of Mind
  • Member FDIC
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
American Express National Bank
Rate
1.55 % APY
Min. to earn APY
$0
Advertiser comments
  • FDIC Insured
  • No Fees/Minimum Balance
  • 24/7 Access
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Barclays
Rate
1.50 % APY
Min. to earn APY
$1
Advertiser comments
  • A rate that's 21x better than the national average
  • No minimum balance and no hidden fees
  • Link directly to any existing bank account
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Discover Bank
Rate
1.50 % APY
Min. to earn APY
$1
Advertiser comments
  • 100% U.S. Based Customer Service
  • No monthly minimum balance, no monthly fees
  • Open in Minutes
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Heritage Bank
Rate
1.31 % APY
Min. to earn APY
$100000
Advertiser comments
  • FDIC coverage over 250K
  • Earn 1.51% for deposits of $230K+
  • Member FDIC
FDIC Insured
Rates as of 4/24/2018
Start Saving
FDIC Insured
Rates as of 4/24/2018
Ultima Bank
Rates as of 2018-04-22
Popular Direct
Rates as of 2018-04-22
Min. to earn APY
$0.01
Salem Five Direct
Rates as of 2018-04-22
Dollar Savings Direct
Rates as of 2018-04-18
All America Bank
Rates as of 2018-04-18
CIT Bank
Rates as of 2018-04-18
Min. to earn APY
$100
ableBanking
Rates as of 2018-04-18
Min. to earn APY
$0.01
iGOBanking
Rates as of 2018-04-23
Min. to earn APY
$25000
Sallie Mae Bank
Rates as of 2018-04-22
Colorado Federal Savings Bank
Rates as of 2018-04-18
Min. to earn APY
$100000
SFGI Direct
Rates as of 2018-04-22
Min. to earn APY
$1
FNBO Direct
Rates as of 2018-04-22
UFB Direct
Rates as of 2018-04-22
Amalgamated Bank
Rates as of 2018-04-18
Sallie Mae Bank
Rates as of 2018-04-22
CIT Bank
Rates as of 2018-04-18
Nationwide Bank
Rates as of 2018-04-15
Min. to earn APY
$10000
Nationwide Bank
Rates as of 2018-04-15
Min. to earn APY
$25000
Nationwide Bank
Rates as of 2018-04-15
Min. to earn APY
$50000
Nationwide Bank
Rates as of 2018-04-15
Min. to earn APY
$100000
Beal Bank, USA
Rates as of 2018-04-18
Min. to earn APY
$25000
Radius Bank
Rates as of 2018-04-22
Min. to earn APY
$2500
EverBank
Rates as of 2018-04-18
EverBank
Rates as of 2018-04-18
Cadence Bank, N.A.
Rates as of 2018-04-18
MyBankingDirect
Rates as of 2018-04-15
Min. to earn APY
$25000
Ally Bank
Rates as of 2018-04-18
SmartyPig
Rates as of 2018-04-22
Min. to earn APY
$0.01
SmartyPig
Rates as of 2018-04-22
Min. to earn APY
$10000.01
SmartyPig
Rates as of 2018-04-22
Min. to earn APY
$2500.01
MyBankingDirect
Rates as of 2018-04-15
Min. to earn APY
$5000
Bank of Internet
Rates as of 2018-04-18
UFB Direct
Rates as of 2018-04-22
Min. to earn APY
$25000
Nationwide Bank
Rates as of 2018-04-15
First Internet Bank
Rates as of 2018-04-22
TIAA Direct
Rates as of 2018-04-22
Min. to earn APY
$50000
Apple Bank for Savings
Rates as of 2018-04-18
Min. to earn APY
$2500
NexBank, SSB
Rates as of 2018-04-15
Min. to earn APY
$10000
Ultima Bank
Rates as of 2018-04-22
Min. to earn APY
$1000
Nationwide Bank
Rates as of 2018-04-15
Nationwide Bank
Rates as of 2018-04-15
Min. to earn APY
$1000
TIAA Direct
Rates as of 2018-04-22
Min. to earn APY
$25000
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.
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