Question
What type of certificate of deposit typically requires an initial deposit of
or more?
jumbo CD
traditional CD
bump-up CD
callable CD
or more?
jumbo CD
traditional CD
bump-up CD
callable CD
Answers
GPT-4o mini
A **jumbo CD** typically requires an initial deposit of $100,000 or more. These certificates of deposit usually offer higher interest rates compared to traditional CDs due to the larger minimum deposit requirement.