12/11/2023 0 Comments Jumbo cd interest rates![]() Before you make this move, though, it's important to understand a few important facts about investing in jumbo CDs.Įxplore your CD options and find out how much you could be earning here now. ![]() By putting your money into a jumbo CD, you may be able to earn hundreds or even thousands of dollars in interest. As such, it can be a safe, easy way to grow your savings without much risk.īut there are numerous CD terms and types to choose from, including jumbo CDs designed for higher deposits. ![]() With a CD, in particular, you agree to lock away your money for a certain length of time in return for guaranteed interest on your money. That's why many savers and investors are opting to put money into these types of accounts right now. But while borrowers pay more for credit cards, personal loans and mortgages, rate hikes can have a bright side: higher annual percentage yields (APYs) on interest-bearing accounts, like high-yield savings accounts and certificates of deposit (CDs). The Federal Reserve's recent interest rate hikes have caused the cost of borrowing to skyrocket compared to a year ago. Considering a jumbo CD? Make sure you know these four important facts first.
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