How to Find the Best Jumbo CD Rates
Jumbo CDs come with excellent rates. You'll invest a lot for a short time and keep ahead of inflation.

Sean Jackson
With inflation pinching budgets, you might be looking for places to store your cash to outpace it. And one risk-free option to consider is a jumbo CD.
CD rates have dipped slightly, following the Federal Reserve lowering interest rates three times in 2024. However, the Fed didn't continue its rate-cutting campaign into 2025, refraining from cutting rates at all three meetings, including their latest one in May.
While more rate cuts might be on the way later this year, for now, savers have some time to lock in an excellent rate.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
And the best part about CDs? They come with fixed interest rates. So even if you do lock one in and the Fed lowers rates, it won't impact you.
As you can see from the Bankrate tool, you can earn excellent rates on CDs:
What is a jumbo CD?
A jumbo CD account is practically the same as a regular CD account, with one main difference — jumbo CD accounts require a higher minimum deposit to open.
Typically, most banks require a deposit of $100,000, but this number varies from bank to bank. You'll also have shorter maturity dates, usually from six months to one year.
How do you find the best jumbo CD rates?
To find the best jumbo CD rate, you need to follow a few steps, including choosing the right bank and deciding what factors work best for you.
- Choose an online bank: Typically, online banks offer more competitive rates than those found at traditional banks. For this reason, you’ll likely have to forgo a brick-and-mortar bank for an online one if you’re looking to open one of the top-earning CD accounts available.
- Make sure your cash is secure: Make sure your account is FDIC or NCUA insured, so your money stays safe even if your bank or credit union fails. The FDIC protects up to $250,000 in individual deposit accounts, and the NCUA protects up to $250,000 per credit union member.
- Compare APY across accounts: While many jumbo CD accounts offer impressive rates, you could potentially find higher yields among other CD accounts, with varying deposit requirements and term lengths.
- Choose the right term: If you withdraw funds from your CD account before the term is through, you'll likely be charged a withdrawal fee that can offset any interest you’ve earned on your savings (unless you have a no-penalty CD). Therefore, when choosing an account, make sure you won't have to access your cash until the CD matures.
Here are some of the top-earning jumbo CD accounts available for a range of term lengths:
Account | APY | Min. Deposit | Term |
---|---|---|---|
4.40% | $50,000 | 6 months | |
4.50% | $100,000 | 13 months | |
4.50% | $50,000 | 6 months | |
4.40% | $25,000 | 12 months | |
4.35% | $100,000 | 12 months | |
4.35% | $100,000 | 12 months | |
4.10% | $75,000 | 6 months | |
4.06% | $100,000 | 12 months |
Bottom line on jumbo CD rates
Jumbo CDs are an excellent option for risk-averse savers. You'll earn a guaranteed rate of return, and even if the Fed lowers rates in the future, if you lock one in now, it won't impact you.
Just remember that if you need your money before your term expires, banks charge penalties for closing your CD before your maturity date. Therefore, only do this if you're confident you won't need the money before the term expires.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.
- Sean JacksonPersonal finance eCommerce writer
-
Baby Boomers vs Gen X: Who Spends More?
Baby Boomers and Gen X are guilty of spending a lot of money. Here's a look at where their money goes.
-
Retire in Finland and Live the Nordic Dream
Here's how to retire in Finland as a US retiree. It's ideal for those who value natural beauty, low crime and good healthcare.
-
Baby Boomers vs Gen X: Who Spends More?
Baby Boomers and Gen X are guilty of spending a lot of money. Here's a look at where their money goes.
-
A Financial Expert's Tips for Lending Money to Family and Friends
What starts as a lifeline can turn into a minefield if the borrower ghosts the lender. Following these three steps can help you avoid family feuds over funds.
-
The 401(k) Mistake That Could Cost You Millions in Retirement Savings
Thinking about reducing your 401(K) contributions in the current market? Here are six reasons why you may want to reconsider.
-
I'm an Insurance Expert: Yes, You Need Life Insurance Even if the Kids Are Grown and the House Is Paid Off
Life insurance isn't about you. It's about providing for loved ones and covering expenses after you're gone. Here are five key reasons to have it.
-
7 Rules Frequent Flyers Swear By
From dodging long lines to avoiding bad coffee, these clever travel rules can help you save time, stay healthy and reduce stress every time you fly.
-
My Professional Advice: When It Comes to Money, You Do You
This is how embracing the 'letting others be' and 'learning to surrender' mindsets can improve your relationship with money.
-
Five Smart Moves for Retirement Healthcare: From HSAs to Medigap Policies
Unchecked health care costs in retirement could blow a hole in your savings. Here’s how to avoid that.
-
The High Price of Skipping Workers' Comp Insurance
Two labor and employment attorneys highlight the penalties (fines, reputation damage and even jail time) that small businesses risk if they opt not to carry workers' comp insurance.