Fixed-Rate Annuity Interest Rates Jump

ACCESSWIRE
26 May 2022, 00:25 GMT+10

Earn Up to 4.30% for a Six-Year Term, 4.00% for Three Years

MEDFORD, OR / ACCESSWIRE / May 25, 2022 / Rates on fixed-rate annuities have shot up. Now you can earn up to 4.00% on a three-year multi-year guarantee annuity (MYGA) with a minimum $1,000 deposit, and up to 4.17% on a five-year fixed-rate annuity.

The top six-year annuity ($20,000 minimum) pays 4.30%, according to AnnuityAdvantage.

'These are the best guaranteed interest rates we've seen in years, and our clients are taking full advantage while they last,' said AnnuityAdvantage CEO Ken Nuss.

Underwritten by insurance companies, fixed-rate annuities act much like bank certificates of deposit, with the added advantage of tax deferral.

Fixed-rate annuities are not FDIC-insured but are guaranteed by the issuing insurer. State guaranty associations are required by state law to cover fixed annuity owners in the unlikely event the insurer fails. Coverage limits vary by state.

AnnuityAdvantage Website Lets Everyone Compare Annuity Rates

A free annuity comparison service with interest rates from dozens of insurers is at AnnuityAdvantage.

Or you may call (800) 239-0356. One of the firm's annuity experts can discuss the pros and cons of fixed-rate and other types of annuities and what might be best for you. Annuities have many benefits but are not appropriate for everyone.

Never any sales pressure--always sound advice and access to the most competitive annuities on the market. Website: https://www.annuityadvantage.com/

Media Contact: Henry Stimpson, henry@stimpsoncommunications.com

SOURCE: AnnuityAdvantage

View source version on accesswire.com:
https://www.accesswire.com/702177/Fixed-Rate-Annuity-Interest-Rates-Jump

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.

More Information

76 ℉

Mostly Cloudy / Windy in Chicago/Midway

International

Section

UK's Telegraph news block in Russia due to war coverage

MOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...

Airbus captain tries to land at Lahore runway closed two years ago

LAHORE, Pakistan - An Airbus 320 carrying 171 passengers narrowly avoided an accident at Allama Iqbal International Airport, Pakistan's second-largest ...

Biden vows to combat effects of Supreme Court decision on Roe v. Wade

WASHINGTON, DC - U.S. President Joe Biden on Friday vowed to "do all in my power" to protect a woman's ...

Myanmar junta minister discusses nuclear cooperation with Russia

YANGON, Myanmar - According to military-run media, a junta delegation discussed nuclear technology collaboration with a Russian state-owned atomic energy ...

U.S. to provide Tk2.3 crore as emergency funding for northern Bangladesh

DHAKA, Bangladesh - The United States Agency for International Development (USAID) is providing more than Tk2.3 crore in emergency funding ...

661 pound freshwater fish caught in Cambodia river

PHNOM PENH, Cambodia: Cambodian villagers on the Mekong River have caught a stingray fish weighing 661 pounds, which is the ...

Illinois

Section