Highest rates with a Higher Deposit
Posted by Samantha Martinez on July 31st, 2010
As investors you always have the right to look for a higher return on your investment. So why not look for a higher Jumbo CD rates.
Jumbo Cds are accounts that require large sums of investment by the prospective investors. Jumbo Cds are a specific kind of savings account where the amount of minimum deposit is set by the bank. You can open a Jumbo account with the minimum amount advised on by the bank. Typically a bank expects a deposit of around 100,000 USD to be considered a qualifying and accepted deposit for Jumbo CD. More often than not a lock in period for the amount of money invested is provided by the bank. That kind of money involves a higher rate of interest. The bank as a return of investment offers a higher rate of interest which works out good for those investors who are willing to deposit their hard earned money into a Jumbo account.