Best Jumbo CD Rates Today: Up To 5.76% APY

Shawn Plummer

CEO, The Annuity Expert

A certificate of deposit (CD) is an excellent investment option for individuals who want a safe and reliable way to grow their money. The beauty of CDs is that they offer fixed interest rates, which means that you can predict the amount of money you will earn over the life of the CD. Moreover, jumbo CDs are a great way to earn a higher interest rate if you have more money to invest. This guide will cover the best CD ladder strategy, the best jumbo CD rates, and everything you need to know about jumbo CDs.

What Is A Jumbo Cd?
What Are Jumbo Certificates Of Deposit Rates?
What Are Jumbo Savings Account Rates?

What Is A Jumbo CD Rate?

A Jumbo CD rate is a certificate of deposit with a higher minimum balance requirement than a regular CD rate. The minimum balance for a Jumbo CD can be as high as $100,000, and the interest rates are usually higher than those of regular CDs. Jumbo CDs are available from banks and credit unions and typically have terms of six months to five years. Because the minimum balance requirement is so high, Jumbo CDs are best suited for investors with a large amount of money to invest. However, they can also be a good option for investors looking for a safe investment with a higher return.

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.50%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

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Today’s Best Jumbo CD Rates

Jumbo CDs typically require a minimum investment of $100,000. However, the high minimum deposit requirement allows for higher interest rates. Here are some of the best jumbo CD rates available:

This table includes terms ranging from 3-months to 5-year jumbo CD rates.

Compare CD Rates From 423 Banks And Credit Unions

Find the highest interest rates for your savings from 3 months to 5 years.

Best CD Ladder Strategy:

A CD ladder investment strategy involves splitting your money into several CDs with different maturity dates. The purpose of a CD ladder is to provide a regular stream of income while still taking advantage of higher interest rates. Here are some of the best CD ladder strategies that you can follow:

  • Start with a 1-year CD: This allows you to earn a decent interest while maintaining flexibility if you need to withdraw your money.
  • Move to a 2-year CD: After your 1-year CD matures, move your money to a 2-year CD. This will provide you with a higher interest rate and still keep some flexibility.
  • 5-year CD: After your 2-year CD matures, move your money to a 5-year CD. This will provide you with the highest interest rate available and still keep some flexibility.

What Are Jumbo CDs Paying?

Jumbo CDs pay higher interest rates than regular CDs due to the more considerable deposit required. Currently, jumbo CDs pay an average interest rate of 4.10% for a 1-year term, 4.50% for a 2-year term, and 4.25% for a 5-year term.

Which rates are better to buy?

The answer to this question depends on your investment goals and financial situation. If you are looking for a short-term investment with relatively quick access to your funds, then the 12-month jumbo CD rates may be the best option. However, keep in mind that shorter-term CDs typically have lower interest rates.

On the other hand, if you are willing to invest your money for a more extended period and want to earn a higher interest rate, then the 3-year and 5-year jumbo CD rates may be a better choice. Although you will have limited access to your funds during the term of the CD, you will earn a higher interest rate than with a shorter-term CD.

The 2-year jumbo CD rates balance earning a higher interest rate and maintaining some flexibility with your funds. However, the interest rates may not be as high as with a 3-year or 5-year CD.

Next Steps

Investing in a jumbo CD can be a great way to earn a higher interest rate on your savings. By following a CD ladder strategy or simply investing in the highest jumbo CD rates available, you can ensure your money works for you. Remember to research, compare rates, and choose a reputable bank or credit union to ensure your investment is safe and secure.

Best Jumbo Cd Rates

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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