Home > Term: jumbo certificates of deposit (jumbo CDs)
jumbo certificates of deposit (jumbo CDs)
Instruments issued by banks with fixed interest rates typically paid monthly and a minimum investment of $100,000. Note Jumbo CDs may only be FDIC insured for a maximum of $100,000 and amounts over that are not FDIC insured.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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Creator
- MJ63
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