Home > Term: Jumbo certificates of deposit (jumbo CDs)
Jumbo certificates of deposit (jumbo CDs)
Instruments issued by banks with fixed interest rates typically paid monthly and a minimum investment of $100,000. Note Jumbo CDs may only be FDIC insured for a maximum of $100,000 and amounts over that are not FDIC insured.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Financial services
- Category: Funds
- Company: Merrill Lynch
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Δημιουργός
- Harry8L
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(London, United Kingdom)
