Fixed Annuity Rates Beat Low Bank CD Rates
November 17, 2020 by Contributor
With a fixed-rate annuity you can earn up to 2.40% for a three-year guarantee period and up to 3.05% annually for a five-year contract, according to AnnuityAdvantage’s large database of annuity rates.
With bank CDs, the best you can do (as of 11/06/2020) is a mere 0.80% for a one-year CD, 0.85% for a three-year CD, and 1.00% for a five-year certificate, according to Bankrate.com.
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Originally Posted at The Wealth Advisor on November 11, 2020 by Contributor.
Categories: Industry Articles