Selected from 950+ Certificates of Deposit for August 2024
Updated Aug 16, 2024
Fact checked
Written by John Kiernan
Managing Editor
Reviewed by Alina Comoreanu
Senior Researcher
Jumbo CDs work just like regular certificates of deposit, offering competitive interest rates in return for keeping your funds in the CD for a specific duration. The main difference is that Jumbo CDs require a large minimum deposit, usually $100,000.
To help people get the most for their money, WalletHub compared over 950 certificates of deposit from 172 financial institutions, both online-only and branch-based. Below, you can find the best Jumbo CD rates from financial institutions anyone can apply for.
If you’re also interested in exploring the best Jumbo CD rates from credit unions that allow only eligible members to apply for, you can check them out further down.
2024's Best Jumbo CD Rates - Editors' Picks
| Best | CD | APY |
| 3-month CD | CD Bank CD | 5.20% |
| 6-month CD | The Maries County Bank CD | 5.51% |
| 15-month CD | Finworth CD | 4.85% |
| 1-year CD | My eBanc CD | 5.15% |
| 3-year CD | Luana Savings Bank CD | 4.81% |
| 5-year CD | Luana Savings Bank CD | 4.38% |
| Business CD | State Bank of Texas CD | 5.05% |
| Credit Union CD | Lennox Employees Credit Union CD | 5.61% |
WalletHub tracks 1,400+ bank accounts (other sites consider a much smaller number of accounts, so they naturally miss a lot of great options)
WalletHub picks the best accounts overall (other sites pick the best offers from their advertising partners)
WalletHub uses a sophisticated rating system to objectively find the best bank accounts (other sites’ picks are influenced by their own biases)
WalletHub has 100% editorial independence(other sites just provide a billboard for advertisers)
WalletHub does not have a conflict of interest (other sites are biased due to promoting their own lending and banking offers)
WalletHub has 15+ years of experience (other sites simply don’t have the same expertise)
WalletHub's best CD picksare completelyindependentand not provided, commissioned, or endorsed by any financial institution. In addition, our editors follow a strict editorial policy.Some offers may come from WalletHub's advertising partners.
My Wallet OffersCardsloans
Best Jumbo CD with a 3 Month Term
Best Jumbo CD with a 3 Month Term
CD Bank CD
CD Bank CD
4.4WalletHub Rating
WalletHub Rating
4.4
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving a large amount for 3 months."
Market Comparison
4.4
Interest Rates: 4.7
savings: 4.7
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 5.20% | $100,000 | None |
APY
5.20%
Monthly Fee
N/A
Editors’ Thoughts
CDBank’s 3-month Jumbo certificate comes with a 5.20% APY. That puts it miles above the national average.
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Best Jumbo CD with a 6 Month Term
Best Jumbo CD with a 6 Month Term
The Maries County Bank 6 Month Special Jumbo CD
The Maries County Bank 6 Month Special Jumbo CD
4.7WalletHub Rating
WalletHub Rating
4.7
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving a large amount for 6 months."
Market Comparison
4.7
Interest Rates: 5.0
savings: 5.0
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 5.51% | $100,000 | None |
APY
5.51%
Monthly Fee
N/A
Editors’ Thoughts
The Maries County Bank offers a diverse selection of CD terms, with their best offer of 5.51% at the 6-month mark.
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Best Jumbo CD with a 15 Month Term
Best Jumbo CD with a 15 Month Term
Finworth Jumbo CD
Finworth Jumbo CD
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 4.85% | $50,000 | None |
APY
4.85%
Monthly Fee
N/A
Editors’ Thoughts
Finworth’s 15 month Jumbo high-yield certificate offers 4.85% APY. While it does require a $50,000 deposit requirement, its interest rate more than makes up for it.
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Best Jumbo CD with a 1 Year Term
Best Jumbo CD with a 1 Year Term
My eBanc Jumbo Online Time CD
My eBanc Jumbo Online Time CD
4.3WalletHub Rating
WalletHub Rating
4.3
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving a large amount for 12 months."
Market Comparison
4.3
Interest Rates: 4.7
savings: 4.6
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 5.15% | $50,000 | None |
APY
5.15%
Monthly Fee
N/A
Editors’ Thoughts
With $50,000 as minimum deposit, and an APY of 5.15%, My e-Banc’s 1-Year CD offer is the best around for this term.
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Best Jumbo CD with a 3 Year Term
Best Jumbo CD with a 3 Year Term
Luana Savings Bank Jumbo CD
Luana Savings Bank Jumbo CD
4.3WalletHub Rating
WalletHub Rating
4.3
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving a large amount for 36 months."
Market Comparison
4.3
Interest Rates: 4.6
savings: 4.6
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 4.81% | $100,000 | None |
APY
4.81%
Monthly Fee
N/A
Editors’ Thoughts
Luana Savings Bank offers an APY of 4.81% for its Jumbo CD offer. It comes with the standard $100,000 minimum deposit requirement, but its interest rate is what makes it our top pick for the 3-year term.
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Best Jumbo CD with a 5 Year Term
Best Jumbo CD with a 5 Year Term
Luana Savings Bank Jumbo CD
Luana Savings Bank Jumbo CD
4.2WalletHub Rating
WalletHub Rating
4.2
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving a large amount for 60 months."
Market Comparison
4.2
Interest Rates: 4.5
savings: 4.5
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 4.38% | $100,000 | None |
APY
4.38%
Monthly Fee
N/A
Editors’ Thoughts
The best choice for the 5 year mark, Luana Savings Bank offers an APY of 4.38% for its Jumbo CD offer.
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Best Jumbo Business CD
Best Jumbo Business CD
State Bank of Texas Business CD
State Bank of Texas Business CD
4.5WalletHub Rating
WalletHub Rating
4.5
This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this CD for various consumer needs and picked the rating for the need with the highest score, which is "Saving for businesses for 12 months."
Market Comparison
4.5
Interest Rates: 4.8
savings: 4.8
Other Features: 0.0
Apply Now
| APY | Minimum Deposit | Signup Bonus |
|---|---|---|
| 5.05% | $50,000 | None |
APY
5.05%
Monthly Fee
N/A
Were the editor’s picks helpful?
2024’S Best Credit Union Jumbo CD Rates – Editor’s Picks
| Best | CD | APY | Minimum Deposit Required |
| 3-month CD | Digital Federal Credit Union CD | 4.86% | $25,000 |
| 6-month CD | Texas Bay Credit Union CD | 5.43% | $50,000 |
| 1-year CD | Veridian Credit Union CD | 5.300% | $100,000 |
| 18-month CD | Lennox Employees Credit Union CD | 5.61% | $100,000 |
| 3-year CD | Lafayette Federal Credit Union CD | 4.58% | $100,000 |
| 5-year CD | Grow Financial Federal Credit Union CD | 4.75% | $100,000 |
| Business CD | TDECU CD | 5.15% | $100,000 |
Best Jumbo CD Rates Methodology
To identify the best Jumbo CD rates, WalletHub’s editors regularly compare over 950 certificates of deposits from leading financial institutions based on APY, fees and minimum deposit requirements. We also took into account how easy they were to apply for and the range of their savings products. The best options overall have market-leading interest rates, low minimum deposit requirements and few or no fees.
Questions & Answers
Finding the best CD can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.
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