Jumbo Certificate of Deposit rates
Jumbo CD rates as high as 2.80% APY²
Choose a term that fits your savings timeline. A minimum opening deposit of $25,000 is required.
Rates Effective as of:
2APY = Annual Percentage Yield. APY is a standardized measure of the total interest earned on a deposit account over one year, based on the interest rate and the frequency of compounding. APY assumes that interest remains on deposit until maturity. Early withdrawals and applicable fees may reduce earnings. Rates are effective as of and are subject to change at any time without notice. Membership and eligibility requirements apply. Federally insured by NCUA.
Jumbo CD features
- $25,000 minimum opening deposit
- Fixed rate for the certificate term
- Terms from six months to five years
- Dividends paid quarterly
- Predictable earnings without stock market exposure
- Federally insured by the National Credit Union Administration
How a Jumbo CD works
A Jumbo CD is a certificate of deposit designed for larger balances. You deposit at least $25,000 and select an available term. Your money earns a fixed rate until the certificate reaches its maturity date.
- Choose a term from six months to five years.
- Open the certificate with at least $25,000.
- Earn a fixed rate, with dividends paid quarterly.
- Choose what to do with the funds when the certificate matures.
Early withdrawals may result in a penalty and may reduce earnings.
What happens when a Jumbo CD matures?
When your Jumbo Certificate of Deposit reaches the end of its term, you can:
- Withdraw the funds
- Transfer the funds to another account
- Renew the funds into an available certificate option
The rate available when your certificate renews may differ from the rate earned during the previous term. Contact PDCU before maturity if you want help reviewing your options.
Is a Jumbo CD right for you?
A Jumbo Certificate of Deposit may be a good fit when you have at least $25,000 that you do not expect to need during the certificate term.
- You want a fixed rate and predictable earnings.
- You are saving for a planned future expense.
- You want to keep part of your savings separate from everyday spending.
- You want to avoid the price fluctuations of market-based investments.
- You are building a CD ladder with certificates that mature at different times.
If you may need regular access to your money, consider comparing a Jumbo Certificate of Deposit with a High-Yield Money Market Account before deciding.
Membership and account protection
Jumbo CDs are available to qualifying People Driven Credit Union members. Membership is open to people who live, work, worship, or attend school in Michigan, as well as relatives of current members.
A $5 Membership Share Savings deposit establishes membership. Membership and eligibility requirements apply. Approval is subject to application.
Your savings are federally insured by the National Credit Union Administration and backed by the full faith and credit of the United States Government. Insurance coverage depends on account ownership and other deposits held at PDCU. Members with larger combined balances should review how NCUA coverage applies to their accounts.
How to open a Jumbo CD
You can open a Jumbo CD online, visit a PDCU branch, or call 248-263-4100 for help choosing a term.
- Choose an available term.
- Review the current rate and APY.
- Confirm your membership eligibility.
- Fund the certificate with at least $25,000.
Frequently asked questions
A Jumbo Certificate of Deposit is a certificate of deposit with a higher minimum opening deposit than a standard CD. At People Driven Credit Union, you need at least $25,000 to open a Jumbo CD.
PDCU offers Jumbo Certificate of Deposit terms of six months, one year, two years, three years, four years, and five years.
Yes. The rate is fixed when you open the Jumbo Certificate of Deposit and remains fixed for the certificate term.
Dividends are paid quarterly. Review the account disclosures for complete dividend and compounding information.
A Jumbo Certificate of Deposit is funded when the certificate is opened. If you want to deposit additional funds later, contact PDCU to review your available certificate options.
Early withdrawals may be permitted, but a penalty may apply and may reduce your earnings. Review the current account disclosures or contact PDCU before making an early withdrawal.
At maturity, you can withdraw the funds, transfer them to another account, or renew them into an available certificate option. The rate available at renewal may differ from your previous rate.
The primary difference is the opening deposit requirement. PDCU standard CDs start at $500, while Jumbo CDs require at least $25,000. Available rates may also differ by certificate type and term.
People Driven Credit Union deposit accounts are federally insured by the National Credit Union Administration and backed by the full faith and credit of the United States Government. Coverage depends on account ownership and the total deposits held in each ownership category.
Yes. Membership and eligibility requirements apply. PDCU membership is open to people who live, work, worship, or attend school in Michigan, as well as relatives of current members.
