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As its name implies, a six-month jumbo CD is a CD having a term of six months, with the “jumbo” referring to a higher minimum deposit amount, typically $100,000, however some minimum deposit ...
A 7-month CD here requires just $5,000 and can be completely managed online. That said, there is a $500,000 maximum account limit so this one might not work for the very largest account balances.
With promotional 6- and 8-month CD terms currently available, customers in Boca Raton, Fla. are eligible for Ocean Bank’s highest available CD rate for a 6-month term at 4.80% APY.