What is a jumbo CD? A jumbo CD is a certificate of deposit that requires a minimum of $100,000 to open the account. Like regular CDs, jumbo CDs come with a fixed interest rate and term.

Say you’d like to open a 1-year CD with 4.00% APY and a $1,000 minimum deposit. You would earn $40 in interest on that initial $1,000. When the CD matures, or in other words, the term ends, you ...

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate.

Many experts recommend investing $10,000 into a one-year certificate of deposit for various reasons. However, when choosing to do so, you’ll want to understand what types of deposits are in your ...

A certificate of deposit, or CD, is a type of bank account that requires the account owner to agree to keep their money in the account for a certain period. For this reason, CDs are also known as ...

Certificates of deposit (CDs) let you lock in a fixed interest rate for a set period of time that typically spans from a few months to five years or longer. However, the CD rates banks and credit ...

How to open a certificate of deposit Once you know what you’re looking for and where you want to open an account, it’s really just a matter of either visiting the bank or credit union in ...

A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you.

That said, certificates of deposit have rules and restrictions that may mean they’re not the right option for you. So, how do you know if CDs are right for you and your money?

What Is a Certificate of Deposit? originally appeared on usnews.com Update 03/06/25: This story was previously published at an earlier date and has been updated with new information.

Initial deposit The “initial deposit” is the amount you agree to put into your CD at opening. CIT Bank, for instance, has a $1,000 minimum deposit for most of its CDs.