Best jumbo CD rates for December 2024
Best available rates across different account types for Monday, December 23, 2024
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What To Know First
The more money you’ve saved, the more options you generally have for earning a higher interest rate.
Those with $100,000 or more may want to consider depositing their money into a jumbo certificate of deposit (CD) that’s insured through a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the National Credit Union Administration (NCUA). Just make sure that the CD is within insurance limits and guidelines.
Bankrate’s picks for the top jumbo CD rates
- Suncoast Credit Union – 4.75% APY for a one-year CD, $100,000 minimum deposit for APY
- Credit One Bank – 4.50% APY for a one-year CD, $100,000 minimum deposit for APY
- SchoolsFirst Federal Credit Union – 4.35% APY for a one-year CD, $250,000 minimum deposit for APY
- Navy Federal Credit Union – 4.15% APY for a one-year CD, $100,000 minimum deposit for APY
Note: Annual percentage yields (APYs) shown are as of Dec. 11. Bankrate's editorial team validates this information regularly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.
The following accounts can be found at most banks and credit unions. They’re federally insured for up to $250,000 and offer a safe place to put your money while earning interest.
CDs are best for individuals looking for a guaranteed rate of return that’s typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
Checking accounts are best for individuals who want to keep their money safe while still having easy, day-to-day access to their funds. ATM and other transactional fees may apply.
Savings and MMAs are good options for individuals looking to save for shorter-term goals. They’re a safe way to separate your savings from everyday cash, but may require larger minimum balances and have transfer limitations.