What is a Jumbo CD?
When some of us first hear about a jumbo CD we may get a mental picture of compact disc packed full of great music. In fact, this type of CD actually refers to ‘certificates of deposit’ and a jumbo one of these means that it involves a very large denomination. In most cases this will be denominations greater than $100,000. This type of certificate of deposit is usually considered to be a low risk investment.
