8 Best Jumbo CD Rates
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ALSO CONSIDER: Best CD rates || Best high-yield savings accounts || Best IRA CD rates
Jumbo CD rates can be slightly better than regular CD rates, such as 0.05% higher, but these CDs have a high opening minimum: usually around $100,000. The best CD rates, which aren’t on jumbo CDs, have much lower or no minimums.
Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.
» Learn more: 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:
First Tech Federal Credit Union.
Consumers 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.
ALSO CONSIDER: Best CD rates || Best high-yield savings accounts || Best IRA CD rates
Jumbo CD rates can be slightly better than regular CD rates, such as 0.05% higher, but these CDs have a high opening minimum: usually around $100,000. The best CD rates, which aren’t on jumbo CDs, have much lower or no minimums.
Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.
» Learn more: 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:
First Tech Federal Credit Union.
Consumers 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.
The Federal Reserve raised rates seven times in 2022, which is good news for your bank account. Take advantage of rising rates with one of the accounts below.
Best Jumbo CD Rates
| Bank/institution | NerdWallet rating | Minimum deposit | 1-year APY | 3-year APY | 5-year APY | Learn more |
|---|---|---|---|---|---|---|
 First Tech Federal Credit Union CD | Best for Easy to join | $50,000 Federally insured by NCUA | 2.20% | 2.45% | 2.80% | Read review |
 Consumers Credit Union CD | Best for Easy to join | $100,000 Federally insured by NCUA | 0.95% | 1.15% | 1.35% | Read review |
 Navy Federal Credit Union Standard Certificate | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 4.45% | 4.25% | 4.25% | Read review |
 SchoolsFirst FCU CD | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 3.60% | 4.10% | 4.35% | Read review |
 Golden 1 Credit Union CD | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 0.60% | 0.85% | 1.15% | Read review |
 Security Service Federal Credit Union CD | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 1.50% | 2.60% | 2.90% | Read review |
 Suncoast Credit Union CD | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 4.00% | 4.00% | 3.25% | Read review |
 Alaska USA Federal Credit Union CD | Best for Competitive rates but restrictive membership | $100,000 Federally insured by NCUA | 0.40% | 0.50% | 0.70% | Read review |
Our pick for
Easy to join
Minimum deposit
$50,000
Federally insured by NCUA
1-year APY
2.20%
3-year APY
2.45%
5-year APY
2.80%
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 0.05% 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 solid checking and savings options.
List of First Tech jumbo CD rates:
6-month CD: 2.30% APY
1-year CD: 2.20% APY
3-year CD: 2.45% APY
5-year CD: 2.80% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
0.95%
3-year APY
1.15%
5-year APY
1.35%
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, savings account and super jumbo certificates (which require a minimum of $250,000).
List of Consumers Credit Union jumbo CD rates:
6-month CD: 0.50% APY
1-year CD: 0.95% APY
3-year CD: 1.15% APY
5-year CD: 1.35% APY
Our pick for
Competitive rates but restrictive membership
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
4.45%
3-year APY
4.25%
5-year APY
4.25%
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 0.05% 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 four-year certificates.
Other products: Navy Fed has a full range of accounts: checking, savings, loans and credit cards.
List of Navy Fed jumbo CD rates:
6-month CD: 0.50% APY
1-year CD: 4.45% APY
3-year CD: 4.25% APY
5-year CD: 4.25% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
3.60%
3-year APY
4.10%
5-year APY
4.35%
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, family members and workers who are affiliated with a business that primarily serves a California school.
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: 3.10% APY
1-year CD: 3.60% APY
3-year CD: 4.10% APY
5-year CD: 4.35% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
0.60%
3-year APY
0.85%
5-year APY
1.15%
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 for the same terms have different rates depending on minimum deposit, up to $100,000, and 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 offers a full range of accounts such as checking, savings, credit cards and loans.
List of Golden 1 jumbo CD rates:
6-month CD: 0.40% APY
1-year CD: 0.60% APY
3-year CD: 0.85% APY
5-year CD: 1.15% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
1.50%
3-year APY
2.60%
5-year APY
2.90%
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 Texas, Colorado or Utah. However, if you live or work in those states, 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: 1.00% APY
1-year CD: 1.50% APY
3-year CD: 2.60% APY
5-year CD: 2.90% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
4.00%
3-year APY
4.00%
5-year APY
3.25%
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: 1.30% APY
1-year CD: 4.00% APY
3-year CD: 4.00% APY
5-year CD: 3.25% APY
Minimum deposit
$100,000
Federally insured by NCUA
1-year APY
0.40%
3-year APY
0.50%
5-year APY
0.70%
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 one year’s worth of interest or all dividends on the withdrawn amount, whichever is less.
Other products: Alaska USA also has checking, savings, loans and certificates with minimums as high as $250,000.
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
Last updated on February 22, 2022
Methodology
We featured financial institutions that we've reviewed with the highest CD rates available and that require an opening minimum from $50,000 to $100,000.
We took a close look at over 80 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
Financial institutions and providers surveyed are: Affirm, Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank of America, Bank of the West, Bank5 Connect, Bank7, Barclays, BB&T (now Truist), BMO Harris, Boeing Employees Credit Union, BrioDirect, Capital One, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens, Citizens Bank, Comenity Direct, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Discover Bank, E-Trade, Fifth Third Bank, First Foundation, First Tech Federal Credit Union, FNBO Direct, GO2bank, Golden 1 Credit Union, HSBC Bank, Huntington Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Monifi, Nationwide (by Axos), Navy Federal Credit Union, NBKC, One, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Quontic Bank, Redneck Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, Scarlet, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, SunTrust Bank (now Truist), Synchrony Bank, TAB Bank, TCF Bank, TD Bank, TIAA Bank, U.S. Bank, UFB Direct, Union Bank, Upgrade, USAA Bank, Varo, Vio Bank, Wells Fargo and Zynlo Bank.
To recap our selections...
NerdWallet's Best Jumbo CD Rates
- First Tech Federal Credit Union CD: Best for Easy to join, 2.80% APY, $50,000 Minimum deposit
- Consumers Credit Union CD: Best for Easy to join, 1.35% APY, $100,000 Minimum deposit
- Navy Federal Credit Union Standard Certificate: Best for Competitive rates but restrictive membership, 4.25% APY, $100,000 Minimum deposit
- SchoolsFirst FCU CD: Best for Competitive rates but restrictive membership, 3.60% APY, $100,000 Minimum deposit
- Golden 1 Credit Union CD: Best for Competitive rates but restrictive membership, 0.60% APY, $100,000 Minimum deposit
- Security Service Federal Credit Union CD: Best for Competitive rates but restrictive membership, 1.50% APY, $100,000 Minimum deposit
- Suncoast Credit Union CD: Best for Competitive rates but restrictive membership, 4.00% APY, $100,000 Minimum deposit
- Alaska USA Federal Credit Union CD: Best for Competitive rates but restrictive membership, 0.40% APY, $100,000 Minimum deposit
Frequently asked questions
A jumbo CD is a certificate of deposit that traditionally requires a minimum deposit of $100,000. Some banks and credit unions offer jumbo CDs with lower minimums, such as $50,000. But for most people, regular CDs tend to be a better option: There’s no steep deposit requirement, and rates can be as good as or higher than jumbo CD rates.
Apart from minimums, regular and jumbo CDs are similar. They both keep money locked up for a fixed period, usually from three months to five years. In return for sacrificing access to your funds, you earn an interest rate that is usually higher than that of a regular savings account.
» Learn more about jumbo CDs
Typically, not by much. Current rates on jumbo CDs tend to be around 0.05% to 0.10% higher than regular CDs, while the difference between their minimum deposit requirements is huge. Jumbo CDs usually require $100,000, while regular CDs can have higher rates and a minimum deposit requirement of $500 or $5,000. Or even no minimum, especially at some online banks such as Barclays and Capital One 360.
CDs give some of the highest returns for deposit accounts, and they tend to work best for specific short-term goals, such as saving for a wedding or down payment for a home a few years down the road. (To help save for goals, look at the best five-year CD rates this month.)
But the federal deposit insurance limit for a bank account is $250,000. If you want the assurance that you will get all your money back if your bank or credit union fails, it’s best to keep your deposit, and the expected interest amount you’ll earn, at or below that limit. To make sure your money is protected, you can also open a joint account, which insures $250,000 per co-owner, or consider multiple CDs from different banks.
If you have enough savings for a jumbo CD, compare rates across both jumbo and regular CDs. In general, bigger CD minimums don’t mean higher rates.
