Compare the Best Interest Rates to Grow Your Savings

Shawn Plummer

CEO, The Annuity Expert

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

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyInterest Rate
12 MonthsSaveBetter3.00%
14 MonthsSallie Mae (No-Penalty)3.05%
24 MonthsAmerico Fixed Annuity3.55%
36 MonthsCanvas Fixed Annuity4.60%
48 MonthsOxford Fixed Annuity4.30%
60 MonthsCanvas Annuity4.60%
72 MonthsOceanview Annuity4.80%
*Fixed annuities are only for saving money to use in retirement.

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.

Money Market Rates

The Best Interest Rates For Savings Accounts

The following table provides the highest interest rates on traditional savings accounts.

High Yield Savings Account

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 it comes to 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!

Where Can I Put My Money To Earn The Most Interest? Find The Best Interest Rates Today.

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Frequently Asked Questions

Where can I get 10% interest on my money?

There are no accounts that guarantee 10% interest on 100% of your money.

How can I get 5% interest on my money?

There are no accounts that guarantee 5% interest on 100% of your money. However, Aspida will guarantee 4.80% interest on 100% of your money for seven years.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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