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.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Financial services
- Category: Funds
- Company: Merrill Lynch
0
Kūrėjas
- MJ63
-
(Gold) 1300 points - 100% positive feedback
