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Jumbo CDs May Provide Buffer for Some

Account holders with time and money on their side may be turning to certificates of deposit in the $100,000 and above range with terms longer than one year.

By Michelle A. Samaad | Updated on October 06, 2010

Account holders with time and money on their side may be turning to certificates of deposit in the $100,000 and above range with terms longer than one year.

That’s according to data from research firm Market Rates Insights. Despite an overall decrease of $200 billion in CD balances at banks in the first half of this year, jumbo ($100,000 and over) CDs of one year and over are growing. From January to August, jumbo CDs of one year and over grew from $183 billion to $214 billion.

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