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Jumbo Certificate of Deposit
(redirected from Jumbo CDs)

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Jumbo certificate of deposit
A certificate of deposit in increments of $100,000.
Jumbo Certificate of Deposit
A certificate of deposit of large value, usually more than $1 million, that can be bought and sold, but not redeemed before maturity. See also: Negotiable CD.
jumbo certificate of deposit
A certificate of deposit with a denomination of $95,000 or more. Jumbo certificates of deposit are negotiable and ordinarily carry slightly higher interest rates than smaller certificates.
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It used to be that Jumbo CDs were not completely insured, since the FDIC only provided per account insurance of $100,000.
Educate Yourself on Bank Certificate of Deposits by Hank Coleman / Banking, finance and accounting community
According to research firm Market Rates Insight, from January to August 2010, jumbo CDs of one year and over grew from $183 billion to $214 billion, which was an increase of $31 billion or 17%.
Jumbo CDs take lead by Credit Union Times
Other liquidity options include money market deposit accounts, jumbo CDs, money market mutual funds and fixed-income securities.
Creating working capital and cash flow efficiencies: liquidity ... by Stewart, Tammy / Alaska Business Monthly
 
 
 
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