What are Jumbo CD Accounts?

Jumbo Certificates of Deposit (CDs) usually must be of minimum value of one hundred thousand dollars and FDIC insurance also has a cap of hundred thousand dollars which means that anything above this amount will not be insured. However, when these considerations are taken into account, there are many banks that will offer the best CD rates at amounts below hundred thousand dollars and it is even possible to pick up Jumbo CDs that require just between twenty-five thousand and fifty thousand dollar minimum amounts invested.