3-month jumbo IRA CD
3-month jumbo IRA CD
A 3-month jumbo IRA CD (certificate of deposit) is a savings instrument held within a tax-advantaged Individual Retirement Account (IRA). The deposit pays a fixed rate of interest and remains in effect for a period of three months. The term "jumbo" refers to the deposit's minimum denomination, which is usually $100,000. Funds cannot be withdrawn earlier than the three-month expiration date without penalty. The FDIC insures IRA CDs for amounts up to $250,000 per depositor.
5.22
5.65
