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What are Certificates of Deposit?
A Certificate of Deposit (CD) is known as a time deposit. You are promising the bank that you will leave your funds on deposit with them for a certain period of time. In the olden days, the bank would actually issue you an original certificate that you would present to redeem the CD and receive your funds back. Now most banks give you a safekeeping receipt (the bank is keeping your CD safe in its vault) that shows you the details of your deposit such as the term, rate, etc. Because you are promising to leave your funds on deposit and the bank can count on those funds, they pay a higher rate than they would for a savings account or money-market. Generally, the highest CD rates are offered on the longer term CDs. A Certificate of Deposit can be redeemed early, but the penalty may be substantial. We only work with FDIC or NCUA insured institutions.
Is Jumbo CD Investments a bank?
No we are not a bank. Some consider us CD (Certificate of Deposit)
Why use Jumbo CD Investments?
First, compared to local CD rates, our CD rates are usually higher. Second, is the cost saving feature of your time. You can spend time searching for rates, calling to see if they are still good, acquiring wire instructions, sending applications, etc. — instead call us for the best CD rates and service. We have already made the calls. We know what each bank needs to open a CD and in most cases can open the CD for you or provide the letter you need. We then track your CD to maturity. If any problems occur during the term such as missing interest payments, we will do our best to correct the problem or put you in contact with someone at the bank who can. We will provide you a maturity reminder and help you receive your funds back, roll the CD, or move the funds to an institution paying a higher rate.
How do I open a CD?
With us it is as easy as 1-2-3 (IRAs usually have a 4-5-6).
How much money do I need to invest?
We specialize in jumbo certificate of deposits (CDs). These CDs are usually opened in amounts of $90,000 to $100,000. Some banks offer a premium for opening a CD at $100,000 and our highest rates may require that. Some banks have lower minimums and the lowest amount we work with is $50,000.00. Let us know how much you want to invest and we’ll let you know the highest rate we have.
Is my money insured?
Companies and organizations can have up to $250,000.00
Personal funds can have up to $1,000,000.00 if they open two single
There are additional account types that can receive additional
the ins and outs. As of 4/1/2006, IRAs will be insured up to $250,000.00.
The FDIC (Federal Deposit Insurance Corporation) insures your money in
assigned a unique number. You can verify that a bank is
insured by going to the FDIC’s web page or calling 877-ASKFDIC (877-275-3342).
have opened up an Internet bank under a different name, but the
If your funds are with a credit union, the NCUA
You can verify that your credit union is insured by going to CU Finder.
The NCUA follows the same insurance guidelines as the FDIC. Many
have to be in their vicinity to qualify for membership. However, a
to a group that is in their field of membership.
Are Certificates of Deposit a safe investment?
CDs that are federally insured by the FDIC or NCUA are safe investments. In addition, for the level of
safety, they offer a very stable return. CDs offered by offshore or non-insured banks may not be safe [Note: One such operation,
from 7% – 9%. But, you need to view an investment in an offshore or
worth the risk?
Principal can be lost. However, with federally insured CDs, as long
interest remain below the insurance limits, there is no risk of losing
with the highest return.
Why are there fees to open a CD?
Jumbo CD Investments provides more than just a rate. We are a CD management service.
We call banks and credit unions all over the United States looking for the best CD rates.
In addition, we help the investor with the placement instructions. We also help with maturity reminders
and negotiating roll rates so you don’t accidentally auto-roll at a low rate.
Finally, we help you during the term of your CD. We help solve any problems that may occur such
as missing interest checks or statements. We are working to help you earn the most interest and to
enjoy it. Many other sites choose to work for their advertisers instead. Our fee is a one-time 0.15% charge
based on the amount and term. For example, $100,000 invested for 1-Year would be $150; for 2-Year it would be $300, etc.
Please call or email for specifics.
What is the difference between an APR and APY?
The APR is the Annual Percentage Rate or simple
What is a laddered CD portfolio?
A laddered CD portfolio is an investment strategy that allows you to
your funds in the safety of FDIC insured CDs, yet, weather some of the
the fixed income investment market. Let’s say you have $500,000.00.
into 6 month returns you will earn about 5.40% APR. However, if you
rate of return will be about 5.51% APR and will increase as rates
Where are the highest CD rates?
We don’t limit our rate searches to any certain area. The highest rates may be in
Georgia one week and in Tennessee the next. Matter of fact, your bank next door may
have the highest national CD rate, but they may not offer it to their local customers.
A bank may have a short-term need and they don’t want to have the rates on their core
deposits go up or give the expectation that they should be higher. Banks use deposit brokers
to fill those needs without unnecessarily increasing their rate expenses. Because our CD rates
are with FDIC and NCUA insured institutions, your funds are safe. If you wire the funds through the Fed wire
system they are secure. Finally, we are just a call away, giving you peace of mind.
How do I send the funds?
The best way to send your funds is by secure Fed wire. The funds will
you wire and you will begin to earn interest. Some banks will accept
check is in the mail. Furthermore, unless the rate is guaranteed
Please note: We do not control the ads that are displayed. Our company only offers FDIC or NCUA insured CD investments from banks and credit unions. There may be ads for company's offering non-insured products. Please read all information carefully before making an investment. If you only want federally insured products, you can verify whether or not an institution is insured by visiting the FDIC or NCUA