Best jumbo CD rates for July 2026: Earn up to 4.10% APY

<p>$500 minimum deposit for Kid's CD; $2,000 minimum deposit for other CDs; $100,000 minimum deposit for jumbo CDs</p>

<p>The early withdrawal penalty equals the interest of half of the CD term (i.e., a 48-month CD will have an early withdrawal penalty of 24 months of interest)</p>

<p><strong>Who's this for?</strong> If you want a short-term place to grow a large sum without locking it up for long, <a href="https://bankrate.com/landing/select/cds-spl-landing-page/?mf_ct_campaign=cnbc-my-ebank-cds-spl-lp&amp;product-name=My+eBanc&amp;sub-id=PLACESUBIDHERE" rel="noopener noreferrer" target="_blank">My eBanc</a> has a six-month jumbo CD that earns 4.00% APY with a $50,000 minimum deposit.</p>

<p><strong>Standout benefits:</strong> You won't pay any monthly fees, and if you choose a flex CD, you can make two withdrawals without triggering a penalty — giving you more flexibility than a traditional CD.</p>

<p>$5,000 minimum deposit for online CDs; $10,000 minimum deposit for flex CDs; $50,000 minimum deposit for jumbo CDs</p>

<p>Penalty is applicable for early withdrawal; flex CDs allow two withdrawals without penalty</p>

<p><strong>Who's this for?</strong> If you want a middle ground between a short-term CD and a long commitment, <a href="https://bankrate.com/landing/select/cds-spl-landing-page/?mf_ct_campaign=cnbc-my-ebank-cds-spl-lp&amp;product-name=My+eBanc&amp;sub-id=PLACESUBIDHERE" rel="noopener noreferrer" target="_blank">My eBanc's</a> one-year jumbo CD earns the highest rate of their jumbo CD offerings at 4.10% APY, with a $50,000 minimum deposit.</p>

<p><strong>Standout benefits:</strong> You won't pay any monthly fees, and flex CDs give you the option to make two withdrawals without a penalty if your plans change.</p>

<p>$5,000 minimum deposit for online CDs; $10,000 minimum deposit for flex CDs; $50,000 minimum deposit for jumbo CDs</p>

<p>Penalty is applicable for early withdrawal; flex CDs allow two withdrawals without penalty</p>

<p><strong>Who's this for? </strong>If you're comfortable setting your money aside for a year and a half and want a solid return, <a href="https://bankrate.com/landing/select/cds-spl-landing-page/?mf_ct_campaign=cnbc-my-ebank-cds-spl-lp&amp;product-name=My+eBanc&amp;sub-id=PLACESUBIDHERE" rel="noopener noreferrer" target="_blank">My eBanc's</a> 18-month jumbo CD earns 3.75% APY with a $50,000 minimum deposit.</p>

<p><strong>Standout benefits:</strong> You won't pay any monthly fees, and with a flex CD option, you can make two withdrawals penalty-free if you need access to your funds before the term ends.</p>

<p>$5,000 minimum deposit for online CDs; $10,000 minimum deposit for flex CDs; $50,000 minimum deposit for jumbo CDs</p>

<p>Penalty is applicable for early withdrawal; flex CDs allow two withdrawals without penalty</p>

<p><strong>Who's this for?</strong> If you're ready to commit your funds for the long haul and want to maximize your return, <a href="https://bankrate.com/landing/select/cds-spl-landing-page/?mf_ct_campaign=cnbc-grow-financial-spl-lp&amp;product-name=Grow+Financial&amp;sub-id=PLACESUBIDHERE" rel="noopener noreferrer" target="_blank">Grow Financial's</a> five-year jumbo CD earns 3.61% APY with a $100,000 minimum. And if you're not already a member, you can join simply by opening a Basic Savings Account.</p>

<p><strong>Standout benefits:</strong> You can pick from terms ranging from six months to 60 months, and you won't be charged any monthly fees. Just know that early withdrawals will come with a penalty, so this works best if you're confident you won't need the funds before maturity.</p>

<p>$500 minimum deposit; $100,000-plus minimum deposit for higher APYs</p>

<p>A penalty will be imposed for early withdrawals</p>

<p>A <a href="https://www.cnbc.com/select/certificate-of-deposit/" target="_blank" rel="noopener noreferrer">certificate of deposit</a> (CD) is a type of deposit account that earns interest. With a CD, you earn a fixed interest rate for a fixed period. CDs come with different terms, such as six months, one year or five years, and you can't touch your funds in your CD for the entirety of that specified term length unless you pay an early withdrawal penalty fee plus possibly lose out on accrued interest.</p>

<p>The only difference with jumbo CDs is that jumbo CDs require a larger initial investment, typically at least $100,000.</p>

<p>When you put your money in a CD, you earn a fixed interest rate for a specific amount of time on the money you deposit when you open an account. Term lengths typically range from three months to five years.</p>

<p>While a CD is similar to a savings account, the traditional CD model differs in a couple of important ways:</p>

<p>Once the <a href="https://www.cnbc.com/select/what-to-do-when-cd-matures/" target="_blank" rel="noopener noreferrer">CD matures</a> (when the term is over), savers can get their money back, in addition to the interest earned over time, or move the money into a new CD. CD terms usually auto-renew at the rate offered at maturity if you don't do anything.</p>

<p>One of the reasons you might want to consider a CD over a <a href="https://www.cnbc.com/select/high-yield-savings-account/" target="_blank" rel="noopener noreferrer">high-yield savings account</a> is because savings accounts have <a href="https://www.cnbc.com/select/why-high-yield-savings-account-interest-rates-fluctuate/" target="_blank" rel="noopener noreferrer">variable APYs</a>, and with a CD you lock in the rate the day you open the account. This can be good if you open an account when interest rates are high. It's not so great if you open an account after the Federal Reserve slashes interest rates.</p>

<p>CDs typically don't come with monthly fees and are federally insured so your money is protected, which makes them one of the safest savings vehicles.</p>

<p>When <a href="https://www.cnbc.com/select/how-to-choose-certificate-of-deposit/" target="_blank" rel="noopener noreferrer">choosing a jumbo CD</a>, first focus on how long you want to keep your money locked up. Pick a CD based on that length of time and the rate will follow. For example, if you want to save for a <a href="https://www.cnbc.com/select/what-is-a-down-payment-on-a-home-and-how-much-is-required/" target="_blank" rel="noopener noreferrer">down payment</a> on a home in a few years, consider a longer-term CD like a three- or five-year option and then look at what banks offer rate-wise for those specific CD terms. Shorter CD terms, such as three- to six-month CDs, are a good choice for beginners who want to save (and grow) their money for a short-term goal.</p>

<p>When comparing jumbo CDs, make sure you're looking at CDs with the same term across different banks; this way, you're comparing "apples-to-apples." Once you know the CD term you want, you can compare the different interest rates, as well as the minimum deposit requirements and any fees like early withdrawal penalties.</p>

<p>Some of the pros and cons of CDs are quite the same, and whether you see something as good or bad depends on other factors. We list what we think below.</p>

<p>To qualify as a jumbo CD, the CD must typically require a minimum deposit of around $100,000, in exchange for a higher rate of return.</p>

<p>Jumbo CD rates currently fluctuate around 3.50% to 4.00% APY.</p>

<p>A jumbo CD can be worth it if you have a large amount of savings you want to keep safe (while growing it) for a certain goal, whether that be paying a future tax bill or tuition for college.</p>

<p>Yes, you can put $100,000 in what's typically called a "jumbo CD," offered by banks and many credit unions.</p>

<p>At <a href="https://www.cnbc.com/select/" target="_blank" rel="noopener noreferrer">CNBC Select</a>, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every CD list is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of savings and banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See <a href="https://www.cnbc.com/select/about-us/" target="_blank" rel="noopener noreferrer">our methodology</a> for more information on how we choose the best jumbo CDs.</p>

<p>Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. <a href="https://www.cnbc.com/money-matters-newsletter/" target="_blank" rel="noopener noreferrer">Sign up here</a>.</p>

<p>To determine the best jumbo CDs, <a href="https://www.cnbc.com/select/" target="_blank" rel="noopener noreferrer">CNBC Select</a> compared dozens of options offered by online banks and credit unions. We found that many of the best jumbo CD rates are offered by credit unions, but we only considered those credit unions that had membership eligibility open to anyone.</p>

<p>When ranking the top jumbo CDs, we prioritized the ones offering the highest APYs. We then compared jumbo CDs by looking at their minimum deposit requirements, penalties for early withdrawals, ease of use and industry rankings. We also considered CNBC Select audience data when available, such as general demographics and engagement with our content and tools. We ranked our top picks by best for three-month jumbo CD, best for six-month jumbo CD, best for one-year jumbo CD, best for 18-month jumbo CD and best for five-year jumbo CD.</p>

<p>All of the CDs included on this list are FDIC- or NCUA-insured up to $250,000 per person. The rates and fee structures banks advertise for their CD accounts are not guaranteed forever. They are subject to change without notice and they often fluctuate in accordance with the Fed rate. If you open a CD account, however, you're often locked into that APY offered at account opening for the entire term length.</p>

<p>Your earnings depend on the CD term length, the amount you deposit, the APY offered when you opened the account and any associated fees. Generally, a larger deposit and a higher interest rate will earn you the most money. Any early withdrawals may result in penalty fees that lower your principal balance/earnings.</p>

<p>To open a CD account for the first time at a bank, most banks and institutions require a deposit of new money, meaning you can't transfer money you already had in an account at that bank.</p>

<p><em><strong>Catch up on CNBC Select's in-depth coverage of </strong></em><a href="https://www.cnbc.com/select/credit-cards/" target="_blank" rel="noopener noreferrer"><em><strong>credit cards</strong></em></a><em><strong>, </strong></em><a href="https://www.cnbc.com/select/banking/" target="_blank" rel="noopener noreferrer"><em><strong>banking</strong></em></a><em><strong> and </strong></em><a href="https://www.cnbc.com/select/money/" target="_blank" rel="noopener noreferrer"><em><strong>money</strong></em></a><em><strong>, and follow us on </strong></em><a href="https://www.tiktok.com/@cnbcselect" target="_blank" rel="noopener noreferrer"><em><strong>TikTok</strong></em></a><em><strong>, </strong></em><a href="https://www.facebook.com/CNBCSelect/" target="_blank" rel="noopener noreferrer"><em><strong>Facebook</strong></em></a><em><strong>, </strong></em><a href="https://www.instagram.com/cnbcselect/" target="_blank" rel="noopener noreferrer"><em><strong>Instagram</strong></em></a><em><strong> and </strong></em><a href="https://twitter.com/CNBCSelect" target="_blank" rel="noopener noreferrer"><em><strong>Twitter</strong></em></a><em><strong> to stay up to date.</strong></em></p>

Guardian Sport · Jun 24

Guardian Sport · Jun 24

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