How to Find the Best Jumbo CD Rates

Check out some of the top jumbo CD rates available today.

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Looking for a fixed, predictable and safe return on your savings? You could benefit from opening a certificate of deposit (CD), and a jumbo CD may be the way to go if you have significant funds to protect. 

Rates on savings accounts, including 1-year CDs, 3-year CDs and 5-year CDs, rose over the last year as the Federal Reserve continued to fight inflation by raising interest rates. Jumbo CD rates were also on the rise, with many accounts offering over 5% on deposits. However, as the Fed ends its rate hiking campaign, the growth of CD and high yield savings accounts rates has also come to end. 

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Erin Bendig
Personal Finance Writer

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.