Best jumbo CD rates for February 2026

Written by

Matthew Goldberg

Edited by

Yuliya Goldshteyn

Reviewed by

Robert R. Johnson

Expert verified

Rates updated between Jan. 29 and Feb. 4

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The more money you’ve saved, the more options you generally have for earning a higher interest rate. Those with $100,000 or more may want to consider opening a jumbo certificate of deposit (CD), if the rate the jumbo CD pays is better than a rate you can find with a regular CD. Compare jumbo CD rates to the best standard CD rates and see if your large deposit will give you a boost. For context, as of January 29, 2026, the top widely available jumbo one-year CD pays 4.1% APY, which is on par with what the best standard one-year CDs are paying with a $1,000 minimum deposit requirement.

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Table of contents

Bankrate’s picks for the top jumbo CD rates
A closer look at the best 1-year jumbo CD rates
What is a jumbo CD?
When is a jumbo CD a good option?
Pros and cons of jumbo CDs
How to find the best jumbo CD rates
How does federal insurance work for jumbo CDs?
Jumbo CD early withdrawal penalties
Jumbo CD FAQs
Research methodology

Bankrate’s picks for top jumbo CD rates

Note: Annual percentage yields (APYs) shown are as of January 29. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes in its lists only banks that are members of the Federal Deposit Insurance Corp. (FDIC) or credit unions insured by the National Credit Union Administration (NCUA).

Best jumbo CD rates for 3-24 months

Term	Institution	APY	Minimum deposit for APY
3 months	SchoolsFirst Federal Credit Union	3.85%	$100,000
3 months	Quorum Federal Credit Union	1.85%	$100,000
3 months	Navy Federal Credit Union	1.40%	$100,000
6 months	Credit One Bank	4.10%	$100,000
6 months	SchoolsFirst Federal Credit Union	4.00%	$100,000
6 months	Suncoast Credit Union	3.95%	$100,000
1 year	Credit One Bank	4.10%	$100,000
1 year	SchoolsFirst Federal Credit Union	4.05%	$100,000
1 year	Suncoast Credit Union	3.95%	$100,000
18 months	SchoolsFirst Federal Credit Union	4.05%	$100,000
18 months	Suncoast Credit Union	4.00%	$100,000
18 months	Credit One Bank	4.00%	$100,000
2 years	SchoolsFirst Federal Credit Union	4.05%	$100,000
2 years	Suncoast Credit Union	4.00%	$100,000
2 years	Credit One Bank	3.75%	$100,000

Best jumbo CD rates for 3-7 years

Term	Institution	APY	Minimum deposit for APY
3 years	SchoolsFirst Federal Credit Union	4.05%	$100,000
3 years	Suncoast Credit Union	4.00%	$100,000
3 years	Credit One Bank	3.90%	$100,000
4 years	SchoolsFirst Federal Credit Union	4.05%	$100,000
4 years	Suncoast Credit Union	4.00%	$100,000
4 years	Credit One Bank	3.85%	$100,000
5 years	SchoolsFirst Federal Credit Union	4.15%	$100,000
5 years	Suncoast Credit Union	4.00%	$100,000
5 years	Credit One Bank	3.90%	$100,000
7 years	Navy Federal Credit Union	3.55%	$100,000

A closer look at the best 1-year jumbo CD rates

Credit One Bank

Overview

Credit One Bank offers only jumbo certificates of deposit (no regular CDs), as well as two bump-up jumbo CDs. Terms for its jumbo certificates range from six months to five years. What gives Credit One an edge is its 10-day rate guarantee. If CD rates rise soon after you open your account, Credit One will honor the higher yield. This is a welcome perk if interest rates rise.

Another feature is the 0.05% loyalty rate bump for customers who roll over their CD once it matures. While modest, this incentive could be useful for long-term savers who want to take a “set it and forget it” approach and don't want to spend time researching higher rates.

Read Bankrate's Expert Credit One Bank Review

4.10% APY

$100,000 minimum deposit for APY

SchoolsFirst Federal Credit Union

Overview

SchoolsFirst Federal Credit Union offers a wide range of CD terms, ranging from 30 days to five years. The CDs operate on a tiered rate structure, rewarding larger deposits. You get a higher APY with balances at $100,000 and even higher with balances at or above $250,000.

Read Bankrate's Expert SchoolsFirst Federal Credit Union Review

4.05% APY

$100,000 minimum deposit for APY

To join SchoolsFirst Federal Credit Union, you must be a current or retired school employee of an eligible California school, an immediate family member of a SchoolsFirst Federal Credit Union member, a college student in an eligible education program or an employee of a company serving those schools. A minimum $5 deposit in a Share Savings account is required. Membership is for life, even if you switch careers or move to another state.

Suncoast Credit Union

Overview

Suncoast Credit Union offers nine jumbo share certificates (the credit union term for CDs) ranging from six months to five years.

Suncoast's jumbo CDs come in a variety of categories, including jumbo share certificates, jumbo youth certificates, jumbo IRA/Roth/SEP certificates and jumbo business certificates.

Read Bankrate's Expert Suncoast Credit Union Review

3.95% APY

$100,000 minimum deposit for APY

People who attend school, live, work or worship in a county in Florida that Suncoast Credit Union serves are welcome to join. In addition to meeting that requirement, you’ll also need to deposit at least $5 in a Suncoast savings account to become a member.

Navy Federal Credit Union

Overview

Navy Federal Credit Union has seven standard CD terms ranging from three months to seven years and offers a higher APY, usually around 0.05% more, on deposits of $100,000 or more. In addition to these CDs, Navy Federal Credit Union also offers IRA CDs.

Read Bankrate's Expert Navy Federal Credit Union Review

3.80% APY

$100,000 minimum deposit for APY

Membership at Navy Federal Credit Union is open to active duty and veteran members of the Army, Marine Corps, Navy, Air Force, Coast Guard, National Guard and Space Force, Department of Defense employees and any immediate family members of qualifying members.

Quorum Federal Credit Union

Overview

Quorum Federal Credit Union has nine CD terms ranging from three months to five years. If you're in the market for a one-yearish jumbo CD, you can also look at Quorum's 10-month CD, which pays 3.85% APY. All jumbo CDs at Quorum offer an APY that’s 0.10% higher than the standard CDs for the same term lengths.

Read Bankrate's Expert Quorum Federal Credit Union Review

2.60% APY

$100,000 minimum deposit for APY

Quorum Federal Credit Union membership is open to employees and retirees (and their families) of a select employee group or anyone who joins the American Consumer Council. Membership is lifelong.

What is a jumbo CD?

A jumbo CD works like a regular CD but requires at least $100,000 minimum deposit. In exchange for the large deposit, it may pay a higher interest rate than a standard CD, though that isn’t always the case. Savvy shoppers should search for the best rate, whether it’s on a jumbo CD or on a regular CD.

Learn more: Bankrate's picks for the best 1-year CD rates

The definition of a “jumbo” CD varies by institution.

Some banks and credit unions may call their accounts “jumbo” even when they don’t require a $100,000 minimum deposit to earn a certain rate. At Bankrate, we operate on the definition of a jumbo CD as one that pays a different yield on deposits of at least $100,000.

When is a jumbo CD a good option?

A jumbo CD may be a good place to invest if you have money to put away for a big-ticket item, like a down payment on a house. Just make sure the term lengths and APY work for your needs. You may find a standard CD that pays a higher rate.

“Jumbo CDs are an option for investors who have a large sum of cash on hand who are looking for a safe, fixed-rate investment offering FDIC insurance," says Matt Calme, CFP, wealth advisor and partner at HCM Wealth Advisors & CPAs.

Learn more: Bankrate’s best CD rates

Pros and cons of jumbo CDs

Pros

Potentially higher APY
Federal insurance (up to a certain amount)

Cons

Inflation risk
Potential for interest earned to put you over the federal insurance limit

How to find the best jumbo CD rates

There aren’t too many banks and credit unions that offer jumbo CDs so you’re generally limited in finding the best jumbo CD rate. And while these accounts historically have provided a higher rate of return than traditional CDs, in 2026, you will likely find the same APYs on some of the best CDs with much lower balance requirements.

Online-only banks typically offer competitive CD yields because they have no branches to maintain – and because they need to attract customers to their bank. Credit unions also often have favorable rates for savers.

See more: Bankrate's picks for the best credit unions

How does federal insurance work for jumbo CDs?

Federal insurance on jumbo CDs works the same way as on standard CDs. If you get a CD at a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the National Credit Union Administration (NCUA), your money will be protected up to $250,000 per depositor, per account type (single vs. joint account, for example) and per institution. If you're going to go over the limit, consider spreading your accounts to different institutions to keep your money insured.

Jumbo CD early withdrawal penalties

Most CDs — jumbo or not — come with early withdrawal penalties because in exchange for a guaranteed rate, you’re agreeing to lock your funds in for the term of the CD.

An early withdrawal penalty can be costly since it takes away some interest and possibly also some of your principal.

Early withdrawal penalties vary depending on the bank or credit union you choose. At CIT Bank, for example, the following penalties apply when you withdraw funds before a CD’s term is up:

CDs one year or less: three months simple interest.
CDs more than one year to three years: six months simple interest.
More than three years: 12 months simple interest.

Jumbo CD FAQs

A regular CD is a good alternative to a jumbo CD; you can deposit as much as you want (usually) and sometimes the rates are the same, if not higher.

Another alternative is a high-yield savings account. These accounts may pay a similar rate to jumbo CDs, but unlike CDs, the rates are variable.
Jumbo CDs are safe as regular CDs from a federal insurance standpoint. Each depositor at an FDIC-insured bank is insured to at least $250,000 per FDIC-insured bank. At an NCUA institution, the standard share insurance amount is $250,000 per share owner, per insured credit union, for each ownership category.

One of the biggest risks to a jumbo CD is not keeping up with inflation. The risk is not that you will lose principal, but that you’ll lose purchasing power if inflation is ahead of the APY you’re earning.

Another risk is that if an emergency occurs, you may have to pay an early withdrawal fee to access your money. Those can be severe enough to cause you to lose some of your principal.
A jumbo CD is a good investment if the APY and the time horizon fit your needs.

It’s possible to get a CD that isn’t a jumbo CD that has both a lower minimum balance and a higher APY. If this is the case, then the jumbo CD is probably not your best option.
A jumbo CD can be either for short-term or long-term savings. "Jumbo" refers to the high minimum balance needed to open the CD. Since you’re devoting a large amount of money to the account, make sure you get the best APY possible.
Having a jumbo CD could leave you with a giant tax bill. The interest you earn will be taxed as ordinary income.

Calculate your potential tax bite and decide whether you should put part of your money elsewhere. Capital gains are taxed at a lower rate, so investing some of your savings in stocks and other securities could reduce what you owe Uncle Sam.

Meet our Bankrate experts

Written by

Matthew Goldberg Matthew Goldberg

Former Senior Consumer Banking Reporter

Research methodology

Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies.

To find the best jumbo CD rates, we regularly survey all jumbo CD offerings from the banks and credit unions that offer these specialty certificates.

We define a jumbo CD as one that offers a different APY for deposits over $100,000. If a bank calls its CDs “jumbo” but offers the same APY regardless of the balance, we do not consider it a jumbo CD even if it is marketed as one.

The banks and credit unions on this page are selected based on their current APY for a one-year CD on a minimum deposit of $100,000 or more. Learn more about how we choose the best banking products and our methodology for reviewing banks.

Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank

Best jumbo CD rates for February 2026

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Bankrate’s picks for top jumbo CD rates

Best jumbo CD rates for 3-24 months

Best jumbo CD rates for 3-7 years