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Investments glossary

Jumbo Certificate of Deposit (CD)


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The GOLD in Golden years was identified by the sight impaired. It is actually Rust!!

— Jenny Flowers Strother

A jumbo certificate of deposit is a CD that requires a higher minimum balance obligation than that required by traditional CDs. In return, the jumbo CD pays a higher rate of interest. A CD is a type of savings account that pays fixed or variable interest in exchange for depositors leaving their funds in the account until a specified date of maturity.

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