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Is Jumbo CD Investments a bank?

April 26, 2017Bank CD investments Jumbo

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Is Jumbo CD Investments a bank?

2 Answers

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No we are not a bank. We are CD (Certificate of Deposit) brokers. We call banks and credit unions across the country looking for the best and highest CD rates. We only work with federally insured banks (FDIC) and credit unions (NCUA). We provide you the information you need to open the CD at those institutions. You send them the funds and they send you a confirmation and the interest payments.

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No we are not a bank. Some consider us CD (Certificate of Deposit) brokers. However, in reality we provide rate research and roadmaps for the placement process for CD investing. We call banks and credit unions across the country looking for the best and highest CD rates. We only work with federally insured banks (FDIC) and credit unions (NCUA). We provide you the information you need to open the CD at those institutions. You send them the funds and they send you a confirmation and the interest payments.