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1. • 5.51% APY

     • Jumbo CDs can offer a higher return for those who have a large sum to deposit, and right now, the best jumbo CD rate from a nationally available institution is 5.51% APY, offered by My eBanc for 6 months. Most jumbo CDs require a minimum deposit of $100,000, though some jumbos—including My eBanc's—can be opened with $50,000.
     www.investopedia.com › best-jumbo-cd-rates-4797766

     Best Jumbo CD Rates for May 2024 - Investopedia

2. People also ask

   What is the minimum deposit required for a jumbo certificate?

   • As expected for Jumbo certificates, the minimum deposit required is $25,000. If you're looking to earn a higher rate on your deposits while maintaining the flexibility to access your funds in case of an unexpected expense, Climate First Bank's 6-month, no-penalty 5.34% APY CD serves as a beneficial option for storing your emergency savings.

   Best CD Rates of May 2024 – up to 5.65% - WalletHub

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   What is the difference between a standard CD and a jumbo certificate?

   • The only difference between a standard CD and a jumbo certificate is the amount you need to put in. Typically, jumbo CDs require a minimum deposit of $100,000, though some banks and credit unions offer jumbo certificates with minimum deposits as low as $50,000.

   Best Jumbo CD Rates for May 2024 - Investopedia

   www.investopedia.com/best-jumbo-cd-rates-4797766

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   What is the best jumbo CD rate in Texas?

   • Jumbo CDs can offer a higher return for those who have a large sum to deposit, and right now, the best jumbo CD rate from a nationally available institution is 5.50% APY, offered by State Bank of Texas for 12 months. Most jumbo CDs require a minimum deposit of $100,000, though some jumbos can be opened with $50,000.

   Best Jumbo CD Rates for May 2024 - Investopedia

   www.investopedia.com/best-jumbo-cd-rates-4797766

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   How much money do you need to open a jumbo CD?

   • Most jumbo CDs require a minimum deposit of $100,000, though some jumbos can be opened with $50,000. To help you find the best CD rates, we've been tracking CDs from hundreds of nationally available banks and credit unions every weekday since 2019.

   Best Jumbo CD Rates for May 2024 - Investopedia

   www.investopedia.com/best-jumbo-cd-rates-4797766

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3. www.investopedia.com › best-jumbo-cd-rates-4797766Best Jumbo CD Rates for May 2024 - Investopedia

   www.investopedia.com › best-jumbo-cd-rates-4797766

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   4 days ago · Compare the best jumbo CD rates for your savings goals. We rank the highest-paying certificates that are nationally available from federally insured banks and credit unions.

4. www.nerdwallet.com › best › banking13 Best CD Rates for May 24, 2024: Up to 5.27% - NerdWallet

   www.nerdwallet.com › best › banking

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   4 days ago · Online banks and credit unions tend to have the best yields on certificates of deposit. You can find rates far higher than the national averages of 1.80% for one-year terms and 1.40% for...

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6. www.forbes.com › advisor › bankingBest CD Rates Of May 2024: Up To 5.30% – Forbes Advisor

   www.forbes.com › advisor › banking

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   4 days ago · Best for 10-Year CDs: Discover® Certificates of Deposit — 3.75% APY. Best for Jumbo Certificates: Connexus Credit Union Share Certificate — 3.51% to 5.06% APY. Best for Promotional CDs ...

7. www.forbes.com › advisor › bankingCD Rates Today: May 23, 2024—Earn 4.75% And Up - Forbes

   www.forbes.com › advisor › banking

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   5 days ago · The best interest rates on CDs (certificates of deposit) currently top out at 5.40%, depending on the term. ... Most jumbo CDs require a minimum deposit of $100,000—and some even require ...

8. wallethub.com › best-cd-ratesBest CD Rates of June 2024 – up to 5.92% - WalletHub

   wallethub.com › best-cd-rates

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   4 days ago · Updated May 24, 2024. Fact checked. Written by John Kiernan. Managing Editor. Reviewed by Alina Comoreanu. Senior Researcher. A CD, short for certificate of deposit, is a type of savings account that usually offers a higher interest rate compared to regular savings accounts.

   • 2.3/5 (27)

   • When should you get a CD?

     Deciding when to get a CD depends on your financial goals, risk tolerance, and current economic conditions. CDs can be a suitable option in the fol...
   • Do you pay taxes on CD interest?

     In general, you must pay taxes on the interest earned from certificates of deposit. The interest income you receive from a CD is considered taxable...
   • What are the pros and cons of CDs?

     Certificates of Deposit (CDs) are a type of time deposit offered by banks and credit unions that offer a fixed interest rate for a specific term, d...
   • What is the penalty for early withdrawal of a CD?

     The penalty for early withdrawal of a CD could be 7 to 700+ days' worth of interest, a percentage of the amount withdrawn, or a percentage of the i...

9. www.bankrate.com › cds › current-cd-interest-ratesCurrent CD Rates For May 2024 | Bankrate

   www.bankrate.com › cds › current-cd-interest-rates

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   5 days ago · 1-year CD yield: 1.8 percent APY. 3-year CD yield: 1.41 percent APY. 5-year CD yield: 1.41 percent APY. The national average rate for one-year and five-year CDs started to increase in February...