Highest 1 Year Jumbo Cd Rates

A jumbo certificate of deposit or jumbo cd is a cd that has a balance of at least 100 000.

Highest 1 year jumbo cd rates. Hiway fcu has a number of attractive financial products and currently boasts the best rates for cds with short and long term lengths. One year cd rates can help boost some of your short term savings. The best 5 year jumbo cds pay more than two times the 5 year jumbo cd national average of. It offers an impressive 0 95 apy on its 12 23 month certificate for balances of at least 25 000 1 00 apy on its 24 35 month cd 1 20 apy on its 36 47 month cd 1 30 apy on its 48 59 month cd and 1 35 apy on its 60 month cd.

Although rates have been decreasing since the federal reserve s march 2020 rate cuts the rates featured on this page are still. A certificate of deposit or cd is a great place to store cash. At this level you can typically earn a higher amount of interest on your cd versus another cd with a lower deposit amount. But with interest rates still at the low end of the spectrum good deals on jumbo cds can be hard to find.

Wells fargo offers special and standard rate cds. For instance the average 1 year standard cd currently pays 0 18 apy while the fdic average for 1 year jumbo cds with a 100 000 minimum is just two basis points higher at 0 20 apy. Historically there have been times when jumbo cds paid higher interest rates than regular cds. Jumbo certificates of deposit cds usually require a large amount of money think 100 000 and can sometimes offer even higher interest rates than regular cds but usually only within a given bank.

The standard rates require you to deposit 2 500. The special rates require you to deposit at least 5 000. However right now interest rates for most jumbo and regular cds are about the same. Compared to money market account rates however 1 year cd rates tend to be higher.

Jumbo cds require a minimum of 100 000 while most regular cds require only 500 or 1 000 or as in the cases of capital one and ally bank no minimum. Check our list of the best. In many cases you can qualify for one of the top 12 month cd deals without having to fork over a large amount.