Jumbo CDs have higher denominations than the regular CDs. These enable one to deposit a certain amount of money and earn interest in return.
>>>The short term CDs keep your liquidity intact, while the long term CDs earn you high interest rates. You can also adopt the barbell strategy. Under this kind of CD structuring, you invest only in short term and long term CDs. You don't invest in intermediate term CDs.
>>>Depending on your cash needs in the future, you can invest in a short or long term CD.Further, there is no restriction on the amount of investment.CD Interest Payout Options: Your investment in a CD earns you interest.
>>>Zero-Coupon CDIn this type of CD, you will not be paid any interest rate during the term of CD.Callable CDThis particular CD can be called away by the issuing bank even before the maturity date is reached.
>>>lt;em>CD TypesBased on the investment amount, CDs can be broadly classified as small CDs (investment amount less than $100,000) and large or jumbo CDs (investment amount greater than $100,000). The term of a CD generally ranges from a month to five years. The CDs may be negotiable.
>>>The financial institutions offering the best CDs include the following:Discover High-Yield CDThis CD offers varying tenures, no hidden charges, no account opening fee, and reasonable rates. There is only a $2,500 minimum deposit required to open an account.
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