jumbo certificate of deposit

(redirected from Jumbo CDs)

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.
References in periodicals archive ?
"It will continue to come down because basically what we do is turn around and buy jumbo CDs with the money we don't have out in loans.
"These index annuities are designed to compete with savings products, jumbo CDs, high-yield CDs, and give a little bit better return.
Other liquidity options include money market deposit accounts, jumbo CDs, money market mutual funds and fixed-income securities.
metropolitan and rural markets with information on retail deposits, mortgages, auto loans, home equity loans, credit cards, and jumbo CDs.
Jumbo CDs are time deposits with balances exceeding $100,000.
In short, jumbo CDs fund a large portion of bank assets and furnish a cheap source of market data, yet no study has formally tested the surveillance value of yields and withdrawals.
Business money market accounts, jumbo CDs, investment, insurance and brokerage services also are available.
LLEA = large liabilities to earning assets (jumbo CDs, plus FHLB advances plus short-term debt divided by earning assets)
It was not possible, using the data reported in this study, to separate jumbo CDs from brokered deposits.
A same-day funds settlement (SDFS) service introduced by DTC in July of 1987 will extend the depository's book-entry services to include medium-term notes, jumbo CDs, commercial paper, and mortgage-backed securities.
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%.
The increase in long-term jumbo CDs does not appear to be the result of interest rate differentiation between regular and jumbo CDs because the rate variance is minimal, Geller said.