Will my savings be safe in a $100,000 CD? Blue Federal Credit Union offers various options for 6-month CD terms, depending on how much money you are looking to invest.

Let’s check out some of the best rates on online CDs available today.

Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. It’s important to know your options before putting your money into a jumbo CD or any CD for that matter.

If you’re looking to save money over the medium term, certificates of deposit, or “CDs,” as they’re often called, might be a great solution for you.

What Are the Early Withdrawal Penalties for Jumbo CDs. Deposit; 5 year: Suncoast Credit Union, APY: 1.09%, $500 Min. With that in mind, here are some jumbo CD alternatives to consider.

InvestorJunkie.com© Copyright 2020, All Rights Reserved | Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Jumbo CDs are great if you want a low-risk investment for a large sum of money.

How do I compare jumbo CDs?

Best 10-Year CD Rates for Long-Term Savings. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. — and in certain cases, even a percentage of your principal. When coined, the term "jumbo CD" applied to CDs of $100,000 or greater.

With this particular fund, the 1.40% APY is excellent, especially given the current market conditions.

You'll have to report it on Form 1099-INT, in Box 1.

One of the nice parts about SuperiorChoice is that the company offers monthly dividends.

Michigan State University Federal Credit Union offers a variety of CDs in three, six, and 13-23 month terms. If you’re already a CIT Bank account holder, this might be a good option. Jumbo CDs usually have competitive rates that are slightly higher than traditional CDs. Dividends can compound in certificates, be deposited to another share, or be transferred to another institution.


However, if you have at least $100,000 on hand, then you’ll want to spring for the 12-month jumbo CD, which comes with a strong APY of 1.01%, with a dividend rate of 1.00%.

Compare jumbo CD rates available today, and see which one is the right account for you.

I recommend keeping your money locked up in a 12-month term unless you are looking for guaranteed stability throughout a longer period. Research your options, take your time, and you’ll make the best decision for you. You’ll also learn which financial institutions are offering the best CD rates right now. The tradeoff is that HYSA rates are variable and depend on how the economy is functioning and what the Federal Reserve does with interest rates. (Unearthing ideas about improving your personal finances isn’t such a bad career alternative!). finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. The catch?

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How are penalties calculated for an early withdrawal on a jumbo CD of $100,000?

Some banks will change your CD account to a different tier and deduct the difference from your earnings.

Keep in mind that the $250,000 limit applies to the total of all of your accounts at a financial institution.