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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 jumbo CD rates at amounts below hundred thousand dollars and it is even possible to pick up mini-Jumbo CDs that require just between twenty-five thousand and fifty thousand dollar minimum amounts invested.

3 Responses to “What are Jumbo CD Accounts?”

  1. on 06 Feb 2008 at 11:27 amsody smithson

    How do you apply for a min jumbo cd?

  2. on 15 Feb 2008 at 6:37 amJanet Jaeger

    Please provide current jumbo rates

  3. on 15 May 2008 at 2:22 pmJoel

    I would like to know more about your jumbo CD rates.

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