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Jumbo Savings Accounts August 2019

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

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.

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.

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.

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.

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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.
BBVA MMA
FDIC Insured
Rates as of 8/25/2019
2.40% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
CIT Bank
FDIC Insured
Rates as of 8/25/2019
2.30% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Goldman Sachs Bank USA
FDIC Insured
Rates as of 8/25/2019
2.15% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Sallie Mae Bank
FDIC Insured
Rates as of 8/25/2019
2.15% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
UFB Direct
FDIC Insured
Rates as of 8/25/2019
2.15% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Barclays
FDIC Insured
Rates as of 8/25/2019
2.10% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Discover Bank
FDIC Insured
Rates as of 8/25/2019
2.00% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Capital One
FDIC Insured
Rates as of 8/25/2019
2.00% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
American Express National Bank
FDIC Insured
Rates as of 8/25/2019
1.90% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
Heritage Bank
FDIC Insured
Rates as of 8/25/2019
1.65% APY
FDIC Insured
Rates as of 8/25/2019
Start Saving
O Bee Credit Union
Rates as of 2019-08-23
Ultima Bank Minnesota
Rates as of 2019-08-23
Popular Direct
Rates as of 2019-08-23
Min. to earn APY
$0
Vio Bank
Rates as of 2019-08-23
Min. to earn APY
$100
Northern Bank Direct
Rates as of 2019-08-23
All America Bank
Rates as of 2019-08-21
MySavingsDirect
Rates as of 2019-08-23
Northpointe Bank
Rates as of 2019-08-23
Min. to earn APY
$25,000
Live Oak Bank
Rates as of 2019-08-23
Min. to earn APY
$0
SFGI Direct
Rates as of 2019-08-23
Min. to earn APY
$1
Western State Bank
Rates as of 2019-08-23
MemoryBank
Rates as of 2019-08-23
Min. to earn APY
$0
Salem Five Direct
Rates as of 2019-08-23
Min. to earn APY
$0
CIBC Bank USA
Rates as of 2019-08-21
Min. to earn APY
$0
WebBank
Rates as of 2019-08-23
Min. to earn APY
$1,000
Citizens Access
Rates as of 2019-08-21
Min. to earn APY
$5,000
Marcus by Goldman Sachs
Rates as of 2019-08-23
Min. to earn APY
$1
Synchrony Bank
Rates as of 2019-08-23
Min. to earn APY
$25,000
Synchrony Bank
Rates as of 2019-08-23
Min. to earn APY
$5,000
Synchrony Bank
Rates as of 2019-08-23
FNBO Direct
Rates as of 2019-08-21
Min. to earn APY
$0
iGOBanking
Rates as of 2019-08-23
Min. to earn APY
$25,000
Alliant Credit Union
Rates as of 2019-08-21
Min. to earn APY
$100
BankPurely
Rates as of 2019-08-21
Min. to earn APY
$100,000
BankPurely
Rates as of 2019-08-21
Min. to earn APY
$75,000
BankPurely
Rates as of 2019-08-21
Min. to earn APY
$25,000
Beal Bank, USA
Rates as of 2019-08-21
Min. to earn APY
$25,000
Northpointe Bank
Rates as of 2019-08-23
Min. to earn APY
$25,000
Radius Bank
Rates as of 2019-08-23
Min. to earn APY
$25,000
NexBank, SSB
Rates as of 2019-08-23
Min. to earn APY
$25,000
First Internet Bank
Rates as of 2019-08-21
Colorado Federal Savings Bank
Rates as of 2019-08-21
Min. to earn APY
$50,000
Cadence Bank, N.A.
Rates as of 2019-08-21
PurePoint Financial
Rates as of 2019-08-23
Min. to earn APY
$10,000
Wells Fargo Bank (Rate in NY)
Rates as of 2019-08-23
Min. to earn APY
$25,000
Beal Bank
Rates as of 2019-08-21
Min. to earn APY
$25,000
Ally Bank
Rates as of 2019-08-21
iGOBanking
Rates as of 2019-08-23
BankPurely
Rates as of 2019-08-21
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.

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.

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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