CDs And Deferred Annuities Address Different Financial Needs
April 14, 2019 by Observer-Reporter (Washington, PA)
Saving for future goals is not easy. Hopefully, I can help explain the differences between two commonly used tools: certificates of deposit (CDs) and Deferred Annuities (DAs).
CDs and DAs allow single or multiple individuals to accumulate money and earn interest for future goals. The differences between them should be considered when deciding which is best for you.
CDs are issued by commercial banks or credit unions and are guaranteed by the Federal Deposit Insurance Corp. or National Credit Union Administration.
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