Banks have spoken
August 31, 2022 by Sheryl J. Moore
Let this sink in for a minute.
Bank certificates of deposit are averaging a credited rate of less than 0.75%.
Fixed annuities, however, are averaging credited rates of 3.43% today.
Banks have spoken.
FOR THE FIRST TIME, BANKS SOLD MORE ANNUITIES THAN ANY OTHER DISTRIBUTION CHANNEL IN THE BUSINESS.
More than Full Service National Broker/Dealers.
More than Independent Broker Dealers.
More than Registered Investment Advisors.
More than Career Agents.
More than Independent Agents.
More than Direct Response.