JP Morgan Chase CD - Rates and Key Details

JP Morgan offers various types of certificate of deposits. Fixed Rate, Fixed Rate Step-up, CPI-linked, Index Participation and Minimum Return CD are some of them. Certificate of deposits offers high rate of interest to the customers. It has mutual benefits. It is beneficial to both customers and the bank. Customers deposit money for certain time period. During that period, the bank will reinvest the money. Customers depositing huge amount gets high interest. Important details about various categories of CD are mentioned below here.

JP Morgan Chase CD Rates:

For a minimum investment of $1,000, the rates vary from 3.50% to 4.00%. The term period may vary from 6 Months to 24 Months.
For a minimum investment of $10,000, the rates vary from 4.25% to 5.25%. The term period may vary from 7 Months to 60 Months.

Details about JP Morgan CD:

Fixed Rate:

Features and benefits of this scheme are listed below here.

There is 100% security to the principal amount.
Investors will get interest payment at regular intervals.
After the tenure period, investors will get back the amount. At the time of maturity, they will surely get the principal amount.

CPI-linked:

In this type, the investors gain coupons on basis of Consumer Price Index.
The interest amount also varies depending upon the Consumer Price Index. The bank adds the Consumer Price Index value for calculating the amount.

Index Participation:

It provides 100% security to the principal. For protection purpose, the investor gives up an equity portion.
The maturity period varies from three to seven years.

Click here---> To start up a JP Morgan CD. Get to know more about JP Morgan Recent CD Rates

Divya Kannan

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