Where can I put my money to earn the most interest? Are you looking for the best interest rates today to grow your savings? If so, you have come to the right place! This guide will compare rates from Certificates of Deposit (CDs), Money Market accounts, Savings Accounts, and Annuity Rates. We will also discuss what to look for when choosing an account to grow your savings. So whether you are just starting to save money or looking for a more aggressive way to grow your savings, read on for the best interest rates today!
- Earn The Highest Interest Rates On Savings Today
- The Best Interest Rates Today
- The Best Interest Rates For Annuities
- The Best Interest Rates For Certificates Of Deposit
- The Best Interest Rates For Money Market Accounts
- The Best Interest Rates For Savings Accounts
- The Best Bonuses For Annuities
- Next Steps
- Frequently Asked Questions
- Related Reading
- Request A Quote
Earn The Highest Interest Rates On Savings Today
Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.
| Term | Insurance Company | Interest Rate |
|---|---|---|
| 12 Months | SaveBetter CDs | 4.60% |
| 27 Months | Sallie Mae CDs | 5.00% |
| 36 Months | Canvas Fixed Annuity* | 5.50% |
| 48 Months | Oceanview Fixed Annuity | 5.00% |
| 60 Months | Canvas Annuity* | 5.60% |
| 72 Months | Oceanview Fixed Annuity | 5.30% |
| 7 Years | Canvas Annuity* | 5.70% |
| 10-Years | Oceanview Fixed Annuity | 5.20% |
Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.
The Best Interest Rates Today
We compare guaranteed interest rates from four types of savings accounts. Each category is ranked from highest interest rate to lowest rate.
- Fixed annuities offer the highest interest rates of all interest-bearing savings accounts.
- Certificates of deposit offer lower interest rates than fixed annuities but higher than money market rates.
- Savings accounts offer the lowest interest rates.
- Finally, bonus annuities offer fixed interest rates that change annually but offer a large sign-on bonus.
The Best Interest Rates For Annuities
The following table provides the highest interest rates on fixed annuities. Like CDs, the interest rate is guaranteed for the term.
The Best Interest Rates For Certificates Of Deposit
The following table provides the highest interest rates on Certificates of Deposit (CD).
The Best Interest Rates For Money Market Accounts
The following table provides the highest interest rates on money market accounts.
The Best Interest Rates For Savings Accounts
The following table provides the highest interest rates on traditional savings accounts.
The Best Bonuses For Annuities
Premium bonuses may not be fixed interest rates like traditional savings accounts, but they produce a guaranteed rate of return when purchasing the annuity.
Next Steps
It can be tough to know where to start when finding the best interest rates today. That’s why we’ve put together this comprehensive guide comparing CDs, Money Market accounts, Savings Accounts, and Annuity Rates. We hope you found this information helpful as you search for the right account to grow your savings. If you have questions or want a quote from one of our trusted providers, don’t hesitate to contact us. Thanks for reading!
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Frequently Asked Questions
Where can I get 10% interest on my money?
No accounts guarantee 10% interest on 100% of your money.
How can I get 5% interest on my money?
Canvas Fixed Annuity* will guarantee up to 5.25% APY.