1-month jumbo CD
1-month jumbo CD
A 1-month jumbo CD is a large savings instrument, usually with a minimum value of $100,000, that pays a fixed rate of interest and remains in effect for a period of one month. Funds cannot be withdrawn earlier than the one-month expiration without penalty. Jumbo CDs are considered a slightly higher risk than CDs of lower denominations, because FDIC insurance only covers the first $100,000 of the deposit.
6.06
5.78
