CIT Bank, offers 1.750% APY on 60-month term jumbo CDs. The interest is compounded on a daily basis and minimum deposit required to open a jumbo CD is $100,000.
Nationwide Bank also offers the same 1.750% APY while Ally Bank offers 1.540% APY on these CDs. The minimum deposit amount for a jumbo CD at any bank is $100,000.This balance has to be maintained in the account to earn the stipulated interest rates. The banks also offer high interest jumbo CDs for a term of 12 months.
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