What is a Jumbo CD?

Last week I looked at callable CDs, a type of CD that lets the bank “call” it in earlier than the maturity. Today, we’re going to take a look at Jumbo CDs. Jumbo certificates of deposit are just CDs with a very large deposits – usually over $100,000. They have all of the features of a regular certificate of deposit, except the minimum deposit is over $100,000.

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