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8 Best Jumbo CD Rates for 2021

Spencer TierneyFebruary 3, 2020
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Jumbo CD rates tend to be slightly better than regular CD rates, on average, but these CDs come with a steep requirement. Jumbo CDs traditionally require at least $100,000 to open, though some financial institutions have lower minimums. You can find the best CD rates with much lower or no minimums.

» In a low-rate environment: Are CDs worth it?

The best jumbo CD rates tend to be at credit unions, many of which have membership requirements such as living in a certain state or being part of an employer group, such as the military. Our list focuses on CDs with minimums from $50,000 to $100,000.

Best jumbo CD rates for 6-month to 5-year terms: Easy to join:

  • Consumers Credit Union.

  • First Tech Federal Credit Union.

Competitive rates but restrictive membership:

  • Navy Federal Credit Union.

  • SchoolsFirst Federal Credit Union.

  • Golden 1 Credit Union.

  • Security Service Federal Credit Union.

  • Suncoast Credit Union.

  • Alaska USA Federal Credit Union.

Summary of Best Jumbo CD Rates for 2021

Our picks for

Easy to join

First Tech Federal Credit Union CD

Not yet rated

First Tech Federal Credit Union CD

1-year APY

0.30%

With $50,000 minimum balance

3-year APY

0.45%

With $50,000 minimum balance

5-year APY

0.55%

With $50,000 minimum balance

Minimum Balance

$50,000

Federally insured by the NCUA


3-year APY

0.45%

With $50,000 minimum balance

5-year APY

0.55%

With $50,000 minimum balance

Why we like it

Overview: First Tech Federal focuses on serving technology companies and their workers, but it offers membership to anyone nationwide who joins the nonprofit Financial Fitness Association for an $8 fee. Its jumbo rates on share certificates, or credit union CDs, are about 0.10% better than its standard certificate yields, and the minimum opening balance is $50,000.

Fees: No monthly or opening fees. Penalties for withdrawing early include six months of interest for one- and two-year certificates and nine months of interest for longer terms.

Other products: First Tech has bump-up share certificates, which let you change your rate once from the initial rate to a new one, such as if a higher rate becomes available. It also has checking and savings options.

List of First Tech jumbo CD rates:

6-month CD: 0.20% APY

1-year CD: 0.30% APY

3-year CD: 0.45% APY

5-year CD: 0.55% APY

Read Full Review

Consumers Credit Union CD

Not yet rated

Consumers Credit Union CD

1-year APY

0.55%

With $100,000 minimum balance

3-year APY

0.70%

With $100,000 minimum balance

5-year APY

0.80%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.70%

With $100,000 minimum balance

5-year APY

0.80%

With $100,000 minimum balance

Why we like it

Overview: Consumers Credit Union, based in Illinois, provides online jumbo certificates with a minimum of $100,000. Its rates are around 0.10% higher than its standard certificates, which only require $250 to open. Anyone can apply to be a member by paying a one-time fee of $5 to the credit union's nonprofit association.

Fees: No monthly or opening fees. Early withdrawals have a penalty of two months of interest for one-year certificates and shorter terms, and four months of interest for certificates longer than one year.

Other products: The credit union offers a rewards checking and savings account.

List of Consumers Credit Union jumbo CD rates:

6-month CD: 0.45% APY

1-year CD: 0.55% APY

3-year CD: 0.70% APY

5-year CD: 0.80% APY

Read Full Review

Our picks for

Competitive rates but restrictive membership

Navy Federal Credit Union Standard Certificate

Not yet rated

Navy Federal Credit Union Standard Certificate

1-year APY

0.60%

With $100,000 minimum balance

3-year APY

0.75%

With $100,000 minimum balance

5-year APY

0.95%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.75%

With $100,000 minimum balance

5-year APY

0.95%

With $100,000 minimum balance

Why we like it

Overview: Navy Federal is the largest credit union in the U.S.; to join, you must be affiliated with the military or have family that is. Its jumbo share certificates require $100,000 to open, and their rates are about 0.10% higher than rates on certificates with the lowest minimum required, $1,000.

Fees: No monthly or opening fees. The cost of early withdrawals varies by term. For example, you'd pay up to six months in interest for one- to five-year certificates.

Other products: Navy Fed has a full suite of accounts: checking, savings, loans and credit cards.

List of Navy Fed jumbo CD rates:

6-month CD: 0.50% APY

1-year CD: 0.60% APY

3-year CD: 0.75% APY

5-year CD: 0.95% APY

Read Full Review

SchoolsFirst FCU CD

5.0

NerdWallet rating 
SchoolsFirst FCU CD

1-year APY

0.60%

With $100,000 minimum balance

3-year APY

0.85%

With $100,000 minimum balance

5-year APY

1.10%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.85%

With $100,000 minimum balance

5-year APY

1.10%

With $100,000 minimum balance

Why we like it

Overview: SchoolsFirst Federal Credit Union has share certificates with competitive rates across four tiers based on minimum opening deposit. Rates between certificates with the lowest minimum, $500, and the highest, $100,000, differ by about 0.15%. The bigger the deposit, the higher the rate. SchoolsFirst limits membership to employees at various schools and colleges in California, along with retired employees and family members.

Fees: The penalty for early withdrawal varies based on the certificate term. For terms of 18 months or longer, the cost is six months of interest.

Other products: SchoolsFirst offers a wide range of products from checking and savings to school-focused loans.

List of SchoolsFirst jumbo CD rates:

6-month CD: 0.45% APY

1-year CD: 0.60% APY

3-year CD: 0.85% APY

5-year CD: 1.10% APY

Read Full Review

Golden 1 Credit Union CD

5.0

NerdWallet rating 
Golden 1 Credit Union CD

1-year APY

0.55%

With $100,000 minimum balance

3-year APY

0.80%

With $100,000 minimum balance

5-year APY

1.00%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.80%

With $100,000 minimum balance

5-year APY

1.00%

With $100,000 minimum balance

Why we like it

Overview: Golden 1 Credit Union has served residents in California since 1933, and continues to focus membership on people who live and work in the Golden State. Non-Californians can join if a family member is a current credit union member or works at certain employers. To be a member, you must also open a savings account with $1. Share certificates have different tiers depending on minimum deposit, but the difference in rates between the lowest and highest minimums is about 0.05% to 0.10%. The lowest minimum is $500.

Fees: If you withdraw early, there’s a penalty that varies based on the certificate’s term. For terms of two years or longer, for example, the penalty is one year’s worth of interest.

Other products: Golden 1 has a full suite of checking, savings, credit cards and loans.

List of Golden 1 jumbo CD rates:

6-month CD: 0.40% APY

1-year CD: 0.55% APY

3-year CD: 0.80% APY

5-year CD: 1.00% APY

Read Full Review

Security Service Federal Credit Union CD

Not yet rated

Security Service Federal Credit Union CD

1-year APY

0.40%

With $100,000 minimum balance

3-year APY

0.60%

With $100,000 minimum balance

5-year APY

0.75%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.60%

With $100,000 minimum balance

5-year APY

0.75%

With $100,000 minimum balance

Why we like it

Overview: Security Service Federal Credit Union was established in 1956 around a U.S. Air Force base, and it continues to focus its membership on members of certain branches of the military in three states. However, if you live or work in Texas, Colorado or Utah, you can also join. Its share certificates have multiple tiers based on minimum deposits from $500 to $100,000, with rates about 0.10% better for the highest tier compared to the lowest.

Fees: Early withdrawal penalties vary by term; the cost for one-year to four-year certificates is six months of interest.

Other products: The credit union’s offerings include loans, mortgages, and checking and savings accounts.

List of Security Service Federal Credit Union jumbo CD rates:

6-month CD: 0.25% APY

1-year CD: 0.40% APY

3-year CD: 0.60% APY

5-year CD: 0.75% APY

Read Full Review

Suncoast Credit Union CD

4.5

NerdWallet rating 
Suncoast Credit Union CD

1-year APY

0.40%

With $100,000 minimum balance

3-year APY

0.70%

With $100,000 minimum balance

5-year APY

0.95%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.70%

With $100,000 minimum balance

5-year APY

0.95%

With $100,000 minimum balance

Why we like it

Overview: Suncoast is a Florida-based credit union that mostly restricts its membership to those who live or work in the state. Its rates on regular and jumbo share certificates are the same, and the difference between opening minimum requirements is sizable: $500 for regular certificates, $100,000 for jumbo certificates.

Fees: Six months of interest is the penalty on certificates with terms of one year or longer; the penalty is lower for shorter terms.

Other products: Suncoast also offers checking, savings, loans and investment options.

List of Suncoast jumbo CD rates:

6-month CD: 0.30% APY

1-year CD: 0.40% APY

3-year CD: 0.70% APY

5-year CD: 0.95% APY

Read Full Review

Alaska USA Federal Credit Union CD

Not yet rated

Alaska USA Federal Credit Union CD

1-year APY

0.40%

With $100,000 minimum balance

3-year APY

0.50%

With $100,000 minimum balance

5-year APY

0.70%

With $100,000 minimum balance

Minimum Balance

$100,000

Federally insured by the NCUA


3-year APY

0.50%

With $100,000 minimum balance

5-year APY

0.70%

With $100,000 minimum balance

Why we like it

Overview: Alaska USA Federal Credit Union, as its name suggests, focuses on serving residents of Alaska, but its membership extends to those living in Washington state and specific counties in California and Arizona. Its jumbo share certificates have the same rates as its share certificates with a minimum of $500; both are competitive.

Fees: The early withdrawal penalty varies by term. For terms of two years or more, for example, the cost is either six months of interest or all dividends on the withdrawn amount, whichever is less.

Other products: Alaska USA also has checking, savings and loans.

List of Alaska USA Federal Credit Union jumbo CD rates:

6-month CD: 0.25% APY

1-year CD: 0.40% APY

3-year CD: 0.50% APY

5-year CD: 0.70% APY

Read Full Review

Last updated on February 3, 2020

Methodology

We featured easy-to-join financial institutions that we've reviewed with the highest CD rates available and that require an opening minimum from $50,000 to $100,000. Higher rates might be available elsewhere.

To recap our selections...

NerdWallet's Best Jumbo CD Rates for 2021

Frequently asked questions