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Minimum deposit for a jumbo CD

What is the minimum deposit required for a jumbo CD?


A jumbo certificate of deposit normally is for $100,000 or more. FDIC insurance is limited to $100,000 per ownership category at a financial institution (not per account), so a jumbo CD is not fully insured.

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Because of the insurance limits, some banks offer jumbo CDs for amounts less than the $100,000 norm. Some banks offer mini-jumbos that have $25,000 or $50,000 minimums.

You can shop for jumbos, mini-jumbos, or standard CDs on Bankrate's Best Rates page.

Editor's note: In April 2006, FDIC deposit insurance coverage on retirement accounts held at banking institutions was raised from $100,000 to $250,000. Non-retirement account FDIC deposit insurance coverage remains at $100,000.

Bankrate.com's corrections policy
-- Updated: Nov. 17, 2005
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