A jumbo CD is the same as a standard CD, except that it pays a higher APY in exchange for a significantly larger opening deposit, typically around $100,000. Like standard CDs, jumbo CDs offer fixed ...
EverBank requires an opening deposit of $1,000 for all its Basic CDs, which some savers could find prohibitive. However, the opening deposit requirement is in line with many banks offering the best ...
Spencer Tierney is a consumer banking writer at NerdWallet. He has covered personal finance since 2013, with a focus on certificates of deposit and other banking-related topics. His work has been ...
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