A 12 Month Jumbo CD (certificate of deposit) is a time deposit with a fixed rate for the entirety of the 12 month term. Upon maturity of the certificate you can withdraw the balance without penalty. 12 Month Jumbo CD’s are FDIC insured for up to $250,000. A penalty will typically be enforced for early withdraw of funds.

Banks offer daily, monthly and quarterly compounding rates. Jumbo CD’s rates typically yield higher rates than normal CDs because of the minimum deposit requirements. Although some banks may require more, $100,000 is the minimum deposit for most financial institutions.

Best 12 Month Jumbo CD Rates

Bank RankName of BankInvestment TypeTermRateCompoundedMin. Deposit
1MetLife BankJumbo Bank CD12 mo1.45%Daily$100,000
3Aurora BankJumbo Bank CD12 mo1.35%Daily$100,000
4GiantBank.comJumbo Bank CD12 mo1.35%Daily$100,000
5AllyJumbo Bank CD12 mo1.34%Daily$100,000

Comparing our best 12 month jumbo CD rates above, and also reviewing our local market CD Rates section is going to help you find the best 12 Month Jumbo CD for your needs.