Best Jumbo CD Rates Today

Bank CD Rates · 1-Year

APYs from the banks' official rate pages · checked 2026-11-09

National CD Rates Today

FDIC national rates and rate caps · October 19, 2026

How Much Does $10,000 Earn in One Year?

The best jumbo CD rates today are not always on jumbo CDs. The ranked offers above are standard 1-year certificates with minimum deposits between $500 and $10,000. A CD is called “jumbo” because of its minimum deposit, not because of a special rate, so a $100,000 or $250,000 deposit can go into a standard CD that pays more than the jumbo version at another bank. If you have a large sum to place, the useful questions are which APY is highest for the term you want, whether the CD accepts your full amount, and how your deposit fits under federal insurance limits.

How the Ranking Is Ordered

The list is sorted by annual percentage yield (APY), highest first. Every entry is a one-year term (shown as “1 year,” “12 months” or “12-month CD,” which are the same commitment), so the ranking compares like with like on term length. Rates come from each bank’s official rate page and were checked on the date shown under the table.

The “$10,000 earns (1 yr)” column is APY multiplied by $10,000. It assumes you deposit on day one, make no withdrawals, leave the interest in the account and hold to maturity. Because APY already includes compounding, the same multiplication works for any deposit size: multiply your amount by the APY.

The minimum deposit does not affect the order. A CD with a $500 minimum and one with a $10,000 minimum rank purely on yield. A jumbo-sized deposit clears every minimum here, so yield and the account terms below decide the choice.

What a Jumbo-Sized Deposit Earns

The gap between entries looks small at $10,000 and grows with the deposit. Using the APYs at the time of checking and the same assumptions as the table (one-year hold, no withdrawals, interest left in the account):

To estimate monthly income, divide the annual figure by 12. In a hypothetical example, $200,000 at 4.50% APY earns about $9,000 over a year, roughly $750 a month on average. If the bank pays interest out to a checking account instead of compounding it, you earn the stated interest rate rather than the full APY.

Choosing Between the Entries

Once the APY ranking is clear, these points separate one CD from another for a large deposit.

Maximum deposit. Many CDs cap how much a single certificate can hold, with limits such as $250,000 or $1 million. Before moving $100,000 or more into a listed CD, confirm that its maximum covers your full amount; if it does not, the next entry may be the practical first choice.

Minimum deposit. Minimums run from $500 (Marcus by Goldman Sachs) to $10,000 (Popular Direct). For a jumbo saver, a low minimum matters mainly if you plan to split money across several certificates of different sizes.

Early withdrawal penalty. Penalties differ widely between institutions and can outweigh a small rate advantage if there is any chance you will need the money early. The penalty section below shows how to compare them.

Where the CD is held. A CD bought through a brokerage account can be a brokered CD issued by a partner bank. Brokered CDs are insured through the issuing bank, and getting out early typically means selling on the secondary market at whatever price buyers offer rather than paying a fixed penalty. A CD opened directly with a bank follows that bank’s penalty schedule.

Maturity terms. Many CDs renew automatically into a new term at the rate in effect at that time. Note the grace period for withdrawing or moving funds after maturity so a large balance does not roll into a lower rate by default.

What Counts as a Jumbo CD

A jumbo CD is a certificate of deposit with a large minimum opening deposit. The traditional threshold is $100,000. No banking regulation defines the term, so institutions apply it according to their own deposit strategy, and you will find CDs marketed as jumbo, or “mini jumbo,” with minimums of $50,000 or $25,000.

Where one institution offers both a standard and a jumbo version of the same term, the jumbo tier generally carries the higher rate, though the premium can be as small as 5 to 10 basis points. Across the market the picture changes. Far more banks and credit unions offer standard CDs than jumbo CDs, and many offer no jumbo tier at all. The highest nationwide rate in a term often belongs to an institution that has only standard CDs, which is why a jumbo deposit can earn more without a jumbo label.

Insurance Above $250,000

Deposits at FDIC-insured banks are covered up to $250,000 per depositor, per insured bank, per ownership category. Credit union deposits carry the same $250,000 coverage through the National Credit Union Administration (NCUA). Insurance protects principal and accrued interest up to that limit, so a $250,000 CD plus its interest can slightly exceed coverage at a single institution.

For a $300,000 deposit, or any amount above the limit, you have a few ways to stay fully insured:

• Split the money across CDs at two or more separately chartered institutions.
• Use different ownership categories. A joint account is insured up to $250,000 per co-owner, so two owners can cover $500,000 at one bank.
• Check whether two brands belong to the same bank charter, since deposits at both count toward one limit.

Splitting also gives flexibility. Two $100,000 CDs instead of one $200,000 CD let you break only one if you need cash early, and spreading money across terms (a CD ladder) staggers when funds become available and when you reinvest.

Early Withdrawal Penalties

Most CD penalties are expressed as a number of months of interest, deducted from what the account has earned. Federal rules require a penalty of at least seven days’ simple interest on withdrawals within the first six days after deposit; beyond that, each institution sets its own policy, and jumbo CDs typically carry the same penalty as the bank’s standard CDs of the same term.

A hypothetical example shows why the penalty matters more on large balances. Take a $100,000 one-year CD at 4.50% with a penalty of three months of interest, about $1,125. Close it after six months and you have earned roughly $2,250, so you keep about $1,125. Close it after one month, with about $375 earned, and the penalty exceeds your interest; under many policies the difference comes out of principal. A CD with a slightly lower APY and a lighter penalty can come out ahead if your timeline is uncertain.

Reading the National Rate Figures

• National average is the FDIC’s average rate across institutions for each product. It sits far below the top advertised offers because it includes many banks that pay little on deposits.
• National rate cap is a regulatory ceiling. Banks that are less than well capitalized may not pay rates significantly above prevailing market rates, and the cap defines that limit. For CD terms the cap tracks 120% of the comparable Treasury yield plus 75 basis points. For savings, checking and money market accounts it tracks the Treasury or fed funds figure plus 75 basis points. It limits what certain banks may pay and is not a rate any bank offers.
• Treasury yield is the market yield on government debt of a similar maturity. It is a useful benchmark: a CD paying less than a same-term Treasury needs a reason, such as convenience or a lighter penalty, to justify choosing it.

Alternatives to a Jumbo CD

A CD suits money you will not need until a known date and want at a fixed rate. Other options trade some of that certainty for flexibility or a different tax treatment.

Standard CDs. For terms beyond one year, compare standard certificates on our CD rates ranking.

High-yield savings and money market accounts. You can deposit and withdraw at any time, but the rate is variable and can drop at any point during the year. See current options among the best high-yield savings accounts.

Treasury bills and notes. Backed by the federal government and predictable if held to maturity. Treasury interest is exempt from state and local income tax, while CD interest is taxable at federal, state and local levels, which can tip the comparison for savers in high-tax states.

I bonds. The rate adjusts twice a year with inflation. You cannot redeem one in the first 12 months, and redeeming before five years costs the last three months of interest. Annual purchase limits make them a supplement rather than a home for a jumbo-sized sum.