Personal Finance Advice and Commentary

Wednesday, May 18, 2011 2:43 pm
By Sheyna Steiner · Bankrate.com

If I had $100,000 in short-term savings, a jumbo CD is not necessarily where I would put it. These days, savers with jumbo savings are not being compensated for large deposits in CDs. Typically financial institutions require about $100,000 to buy a jumbo CD and they offer slightly higher rates for the larger deposit. As