Question about regular cd vs jumbo cd?

I%26#039;ve read a few things I could find on cds in general and know that typically, at least used to, jumbo cds had higher interest rates than regular cds. Currently, for the most part, that seems to not be the case, $100k jumbo cds have the same interest rate as regular $500 cds, or whatever the minimum is for a particular bank.

What I am asking is are there any other benefits to having a $100k jumbo cd over a regular cd interest rates being equal? If not then assuming I even had $100k to put into a cd it%26#039;d be best to split it into 2 $50k cds since $100k is the limit of FDIC insurance.

Just something I%26#039;ve been wondering for a bit, thanks to all who post intelligent answers.

Question about regular cd vs jumbo cd?unsecured loan

I believe the reason $100k CDs don%26#039;t have a higher interest rate (usually) is that $100k just isn%26#039;t what it used to be. Some banks now classify jumbo CDs as $1 million.

The only advantage to a $100k CD, that I am aware, is that your bank will pay more attention to you. Banks are in the business of making money. If you have large deposits with them, they want to keep you happy so you won%26#039;t take your money elsewhere.

As to splitting it up, if the interest rate is the same, it wouldn%26#039;t matter. Two $50k CDs would get the same attention. But as some banks allow partial withdrawals from a CD, always go with the best rate.

Question about regular cd vs jumbo cd?

loan

As far as i know, they should have the same interest rates. Although i think that the bank where you put your money is going to give you a better deal if you invest that kind of money. I would just ask different banks and see what they have to bid.

Personally i would invest at least half of that money in a Dow Jones fund or split it in at least 5-10 different Dow components like General Electric, Mc Donald%26#039;s, Boeing, Alcoa, Microsoft, General Motors,....

The Dow is very stable, most of their components pay dividends and the stocks have a growth rate of at least 10% per year on average.

I hope that you will chose my answer as the best one.

Thanks