Rates updated between Sept. 8 and Sept. 14
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 standard CD rates and see if your large deposit will give you a boost. For context, today's top widely available jumbo CD pays 4.20% percent APY while some of the best standard (and widely available) one-year CDs are paying 4.20 percent APY with a $1,000 minimum deposit requirement.
Years experience
Deposit rates tracked
Banks reviewed
Note: Annual percentage yields (APYs) shown are as of August 18. Bankrate's editorial team validates this information regularly, typically biweekly. 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).
| Term | Institution | APY | Minimum deposit for APY |
|---|---|---|---|
| 3 months | SchoolsFirst Federal Credit Union | 4.05% | $250,000 |
| 3 months | Frost Bank | 3.85% | $100,000 |
| 3 months | Security Service Credit Union | 2.50% | $100,000 |
| 6 months | Quorum Federal Credit Union | 4.30% | $100,000 |
| 6 months | Credit One Bank | 4.30% | $100,000 |
| 6 months | SchoolsFirst Federal Credit Union | 4.30% | $250,000 |
| 1 year | Schools First Federal Credit Union | 4.35% | $250,000 |
| 1 year | Credit One Bank | 4.20% | $100,000 |
| 1 year | Navy Federal Credit Union | 4.05% | $100,000 |
| 18 months | Schools First Federal Credit Union | 4.35% | $250,000 |
| 18 months | Quorum Federal Credit Union | 3.10% | $100,000 |
| 18 months | Suncoast Credit Union | 4.00% | $100,000 |
| 2 years | SchoolsFirst Federal Credit Union | 4.35% | $250,000 |
| 2 years | Connexus Credit Union | 4.16% | $100,000 |
| 2 years | Suncoast Credit Union | 4.00% | $100,000 |
| Term | Institution | APY | Minimum deposit for APY |
|---|---|---|---|
| 3 years | SchoolsFirst Federal Credit Union | 4.35% | $250,000 |
| 3 years | Suncoast Credit Union | 4.00% | $100,000 |
| 3 years | Credit One Bank | 3.75% | $100,000 |
| 3 years | Navy Federal Credit Union | 3.75% | $100,000 |
| 4 years | SchoolsFirst Federal Credit Union | 4.35% | $250,000 |
| 4 years | Credit One Bank | 3.75% | $100,000 |
| 4 years | Suncoast Federal Credit Union | 4.00% | $100,000 |
| 5 years | SchoolsFirst Federal Credit Union | 4.45% | $250,000 |
| 5 years | Security Service Federal Credit Union | 4.00% | $100,000 |
| 5 years | Suncoast Federal Credit Union | 4.00% | $100,000 |
| 7 years | Navy Federal Credit Union | 3.55% | $100,000 |
Note: Annual percentage yields (APYs) shown are as of August 18. Bankrate's editorial team validates this information regularly, typically biweekly. 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).
SchoolsFirst Federal Credit Union offers nine 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. SchoolsFirst offers the most competitive rate on our list of top jumbo CD rates.
Credit One Bank offers only jumbo certificates of deposit (no regular CDs), as well as two bump-up jumbo CDs. Terms 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 percent 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.
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 percent more, on deposits of $100,000 or more. In addition to these CDs, Navy Federal Credit Union also offers IRA CDs.
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.
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 CD, you can also look at Quorum's 13-month CD, which pays 4.20 percent APY. All jumbo CDs at Quorum offer an APY that’s 0.10 percent higher than the standard CDs for the same term lengths.
Connexus Credit Union has CD terms ranging from 12 months to five years. While Connexus’ one‑year jumbo CD falls on the lower end of Bankrate’s best jumbo CDs list, the credit union does offer competitive APYs on its 24-month and 48-month jumbo CDs.
What about federal insurance?
CDs are insured through a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the National Credit Union Administration (NCUA). So if you're banking with an FDIC member institution or an NCUA credit union, your money is 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.
A jumbo CD is like a regular CD but requires a higher minimum deposit, and in exchange, it may pay a higher interest rate, but that isn’t always the case. Jumbo CDs usually require a deposit of at least $100,000. Savvy shoppers should search for the best rate, whether it’s on a jumbo CD or on a regular CD.
Depending on the term, a jumbo CD may be a good place to invest if you have money to put away for a big-ticket item — for instance, a down payment on a house. Having a jumbo CD can also be helpful if you need collateral for a loan. Just be sure to align your goal with the term of the CD.
“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.
There aren’t too many banks 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 2025, 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.
Potentially higher APY
Federal insurance (up to a certain amount)
Inflation risk
Potential for interest earned to put you over the federal insurance limit
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:
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.
