How to Find the Best Jumbo CD Rates
Jumbo CDs come with excellent rates. You'll invest a lot for a short time and earn more in the process.

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 June.
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 |
---|---|---|---|
4.50% | $50,000 | 6 months | |
4.50% | $100,000 | 13 months | |
4.45% | $50,000 | 12 months | |
4.40% | $25,000 | 12 months | |
4.35% | $100,000 | 12 months | |
4.35% | $100,000 | 12 months | |
4.15% | $100,000 | 12 months | |
4.10% | $75,000 | 6 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
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
-
Investing Abroad Could Pay Off — Here's How
Countries overseas are stimulating their economies, and their stocks are compelling bargains.
-
Retire in Belize for Stunning Natural Beauty and Culture
Belize offers miles of protected land and ocean, a rich mix of cultures and a chill lifestyle. Best yet — the income requirement is just $2K per month.
-
The Top Fourth of July Fireworks and Celebrations Across America
From Boston to San Diego, these iconic celebrations light up the sky — and the spirit of Independence Day.
-
Why Retirees Need a Budget, According to a New Retiree
A new retiree explains why retirees need a budget.
-
My First $1 Million: Air Force Veteran, 68, Duluth, Ga.
Ever wonder how someone who's made a million dollars or more did it? Kiplinger's My First $1 Million series uncovers the answers.
-
Your Home + Your IRA = Your Long-Term Care Solution
If you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem.
-
How to Choose a Mortgage Lender in Five Steps
Not all lenders are created equal — here’s how to compare offers, rates and terms with confidence.
-
A Meteorite May Have Hit a Home in Georgia. Would Insurance Cover the Damage?
In a rare event, a meteorite may have crashed through the roof of a Georgia homeowner. Here’s what home insurance would cover.
-
My Car Was Stolen — Here’s What I Did and How You Can Protect Yourself
Don’t wait until it happens to you. Learn how to prepare for auto theft, protect your vehicle and respond quickly if your car is stolen.
-
This Savings Account Earns You More Than $4,000. Here's How
See how a jumbo CD can help you reach your savings goals quicker.