Jumbo certificates of deposit traditionally refer to deposit amounts of $100,000 or more. For U.S. national and Internet banks, BankShout surveys the top yields available for the current week. Annual percentage yields listed below are current as of Wednesday, April 28, 2010.
In the fight for large deposit amounts, banks mostly held jumbo certificate of deposit rates steady from earlier in April, according to this week’s BankShout survey. EverBank, of Jacksonville, Florida, still tops the list of best annual percentage yields; EverBank’s 5-year jumbo CD is at 3.26% APY, although that return is down from a high of 3.44% on April 8. Nationwide Bank is second best with a 5-year jumbo certificate APY of 3.10%, holding that yield steady from three weeks earlier. USAA is third at 3.05% APY, although the military families-associated bank compounds interest monthly, not daily like the other banks in our survey.
State Farm Bank is offering 3.02% APY for a 5-year jumbo term, while OneWest FSB and Discover Bank both have annual percentage yields of 3.00% APY for a 5-year jumbo. Ally Bank held its jumbo term, also 5 years, at 2.99% APY. Rounding out this week’s best-of list is Capital One Direct Banking, with a 2.96% APY 5-year jumbo.
One 3-year jumbo certificates, which also require a minimum deposit of $100,000, the top yield this week belongs to USAA, at 2.40% APY, and compounds interest monthly.


Kevin Fleming founded the CreditShout Network in 2008 to help people manage their credit and finances. Kevin wants to make it easy for anyone, regardless of their level of financial knowledge to understand banking and what may seem like the complex world of personal finance.

