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If you want to grow your money but keep it safe from the turbulence of the stock market, a certificate of deposit (CD) may be a good option.
“A jumbo CD is a CD with a high minimum deposit — usually around $100,000 — that pays a higher interest rate than a regular CD. You may consider a jumbo CD if you have around $100,000 and want to earn a guaranteed rate of return. Jumbo CDs often pay higher rates than regular CDs.
Jumbo CDs aren’t super common, and ones that pay high interest rates are even less common. Keep reading to learn more about the institutions paying the best