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| Definition Of: |
Jumbo CD
A certificate of deposit with a high minimum deposit required, often $90,000 or more. They carry a slightly higher interest rate; however, if the value of the CD plus interest held in the account exceeds $100,000, this excess is not insured by the FDIC. To be safe, you can hold several jumbo CDs at different banks.
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BASSAM Finance Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 A: Page 1 of 10.
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