Definition of Jumbo CD
Sunday 01st of August 2010 12:09:43 AM
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Jumbo CD

      Certificates of deposit that are larger than $100,000. The FDIC only insures banks accounts up to $100,000 so any account above this is considered a higher risk. Most people prefer to have many bank accounts that are below $100,000 to avoid this risk.

   
 
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