Highest 1 Yr Jumbo Cd Rates

The best 5 year jumbo cds pay more than two times the 5 year jumbo cd national average of.

Highest 1 yr jumbo cd rates. A certificate of deposit or cd is a great place to store cash. Marcus by goldman sachs. 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. If you have 15 000 to invest you could invest 5 000 in each rung.

Compared to money market account rates however 1 year cd rates tend to be higher. However banks and credit unions often compete more for the best cd rates for regular non jumbo cds and so as you ll see below the highest annual percentage yields apys offered on non. Summary of the best rates available from a large pool of banks here are the best 1 year cd interest rates. 0 85 apy 500 minimum to open.

Hiway fcu has a number of attractive financial products and currently boasts the best rates for cds with short and long term lengths. Jumbo cds require a big sum upfront such as 100 000 for rates that may be slightly better than regular cd rates. In many cases you can qualify for one of the top 12 month cd deals without having to fork over a large amount. But with interest rates still at the low end of the spectrum good deals on jumbo cds can be hard to find.

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. At this level you can typically earn a higher amount of interest on your cd versus another cd with a lower deposit amount. For instance a cd laddering plan of three cds might have a one year cd a two year cd and a three year cd.