Jumbo CD is a good way of investing large sums of money. CD is actually a certificate of deposit with a minimum denomination of around $100,000.  Jumbo CDs are considered to be low risk CDs and stable investment option for large depositors. Features of Jumbo CD  These CDs have features like all other general certificate of deposits except that huge amount of investment and transactions are carried out in this case. …

A jumbo CD is almost similar to the traditional CD or certificate of deposit, the only difference being jumbo CD requires a deposit which is a larger denomination, the minimum being $100,000.  These jumbo CD’s are also called ‘negotiable certificates of deposit.’  These CD’s are low-risk as well as stable investment options for large investors.  Just as in traditional CD’s there is a lock in period for the jumbo CD’s also and …

Certificate of Deposit or CD can be compared to opening a time deposit account with your bank. The usual issuers of CD’s are commercial banks though there are some types which can actually be bought from brokers. Like your time deposit, CD’s can not be withdrawn before the maturity date and cannot be accessed despite client demands. Also, like bank deposits, CD’s also gain interest. Depending on where and what type of …

Jumbo CD rates refer to those certificates of deposits involving large sums of money, usually in excess of $100,000. It differs from a traditional CD in way of the principle amount. FDCI recognizes those certificates of deposits with a principle lesser than a $100,000 and guarantees the return of the principle. Hence the Jumbo CD in comparison to a traditional CD carries a higher investment risk. Characteristics They resemble the conventional certificates …