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7 Best Jumbo CD Rates of 2023

Spencer Tierney
By Spencer Tierney 
Edited by Sara Clarke

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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 1-year to 5-year terms: Easy to join:

  • First Tech Federal Credit Union.

  • Connexus Credit Union.

Competitive rates but restrictive membership or excludes certain states:

  • Navy Federal Credit Union.

  • SchoolsFirst Federal Credit Union.

  • Security Service Federal Credit Union.

  • Suncoast Credit Union.

  • Community First Credit Union of Florida.

🤓Nerdy Tip

The Federal Reserve raised rates to the highest levels in more than two decades, which is good news for your bank accounts. Take advantage of today’s high rates by opening a federally insured certificate of deposit.

Discover the bank accounts that fit your financial goals
Just answer a few questions to compare bank accounts that meet your needs.

Best Jumbo CD Rates

Our pick for

Easy to join

NerdWallet rating 

4.0

/5
First Tech Federal Credit Union CD
Minimum deposit
$50,000
Federally insured by NCUA
APY
1-year APY: 2.20%

3-year APY: 2.45%

5-year APY: 3.55%
NerdWallet rating 

4.5

/5
Connexus Credit Union CD
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 5.11%

3-year APY: 4.61%

5-year APY: 4.16%

Our pick for

Competitive rates but restrictive membership

NerdWallet rating 

5.0

/5
Navy Federal Credit Union Standard Certificate
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 4.45%

3-year APY: 4.25%

5-year APY: 4.25%
NerdWallet rating 

4.0

/5
SchoolsFirst FCU CD
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 3.60%

3-year APY: 4.10%

5-year APY: 4.35%
NerdWallet rating 

5.0

/5
Security Service Federal Credit Union Certificate
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 2.25%

3-year APY: 3.00%

5-year APY: 3.75%
NerdWallet rating 

3.5

/5
Suncoast Credit Union CD
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 2.55%

3-year APY: 3.35%

5-year APY: 3.55%
NerdWallet rating 

4.0

/5
Community First Credit Union CD
Minimum deposit
$100,000
Federally insured by NCUA
APY
1-year APY: 2.79%

3-year APY: 3.41%

5-year APY: 3.67%

What is a jumbo CD?

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

Last updated on February 3, 2023

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 90 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, All America Bank, Alliant Credit Union, Ally Bank, Amalgamated Bank, America First Credit Union, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank of the West, Bank5 Connect, Bank7, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings, BrioDirect, Capital One, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens, Citizens Bank, City First Bank, Commerce Bank, Community First Credit Union of Florida, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Delta Community Credit Union, Discover Bank, E*TRADE, Fifth Third Bank, First Foundation, First National Bank, First Republic Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, GO2bank, Golden 1 Credit Union, Hope Credit Union, Huntington Bank, Industrial Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Liberty Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Nationwide (by Axos), Navy Federal Credit Union, NBKC, One, OneUnited Bank, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, Scarlet, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, TIAA Bank, Truist 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 of 2023

Frequently asked questions