The Best Fixed Annuity and CD Rates in Alabama (Up To 5.70%)

Shawn Plummer

CEO, The Annuity Expert

Are you looking for the best annuity and CD rates in Alabama? Then, you’ve come to the right place. This guide will discuss how to get the highest returns on your money. We will also provide a list of Alabama’s top annuity and CD rates. So whether you’re looking for a short-term or long-term investment, we have you covered!

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
N/AUFB Bank Savings Account3.83%
N/AAmerican First Credit Union Money Market4.00%
12 MonthsSkyOne Federal Credit Union CD4.50%
22 MonthsSkyOne Federal Credit Union CD5.00%
27 MonthsSallie Mae CD5.00%
36 MonthsCanvas Fixed Annuity5.50%
48 MonthsOceanview Fixed Annuity5.00%
5 YearsCanvas Annuity5.60%
6 YearsOceanview Annuity5.30%
7 YearsCanvas Annuity5.70%
10 YearsOceanview Annuity5.20%
*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.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

The Best Fixed Annuity Rates In Alabama

Oceanview2 Years4.30%$80,000.00
Canvas Fixed Annuity3 Years5.50%$2,500.00
Oceanview4 Years5.00%$80,000.00
Canvas Fixed Annuity5 Years5.70%$2,500.00

Compare Fixed Annuity Rates

Find the highest interest rates for your savings ranging from 2 to 10 years.

The Best CD Rates In Alabama

3-Month CD Rates

The following banks and credit unions have the highest CD rates for 3 months.

Best 3-Month CD RatesRateTermMinimum
Synchrony Bank2.25% APY3 Months$0.00
Popular Direct3.25% APY3 Months$10,000.00
TIAA Bank2.00% APY3 Months$1,000.00
TotalDirect Bank2.00% APY3 Months$25,000.00
Bethpage Federal Credit Union2.00% APY3 Months$50.00
Liberty Federal Credit Union3.25% APY4 Months$1,000.00
MapleMark Bank3.35% APY3 Months$25,000.00
Citibank3.25% APY3 Months$500.00
Ally1.50% APY3 Months$0.00
Merrick3.20% APY3 Months$25,000.00

6-Month CD Rates

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU3.50% APY6 Months$1.000.00
Quontic Bank3.25% APY6 Months$500.00
PenFed Credit Union2.00% APY6 Months$1,000.00
NASA Federal Credit Union4.00% APY9 Months$1,000.00
Synchrony Bank3.50% APY6 Months$0.01
Popular Direct4.25% APY6 Months$10,000.00
North American Savings Bank4.03% APY7 Months$5,000.00
First Internet Bank4.07% APY6 Months$1,000.00
Andrews Federal Credit Union5.00% APY7 Months$1,000.00
Bask Bank4.00% APY6 Months$1,000.00
Brilliant Bank4.00% APY9 Months$1,000.00
Marcus by Goldman Sachs3.25% APY6 Months$500.00
TAB Bank3.35% APY6 Months$1,000.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
CommunityWide FCU4.00% APY12 Months$1,000.00
Bread Savings4.50% APY12 Months$1,500.00
First National Bank of America4.40% APY12 Months$1,000.00
PenFed Credit Union4.25% APY12 Months$1,000.00
Marcus by Goldman Sachs4.00% APY12 Months$500.00
Synchrony Bank4.15% APY12 Months$0.00
Discover4.00% APY12 Months$2,500.00
Capital One4.00% APY12 Months$0.00
KS State Bank4.63% APY12 Months$500.00
Live Oak Bank4.50% APY12 Months$2,500.00
Sallie Mae Bank4.25% APY12 Months$2,500.00
Spectra Credit Union4.85% APY14 Months$5,000.00
INSBANK Online4.65% APY12 Months$2,500.00
Citi4.15% APY12 Months$500.00
My eBanc4.71% APY12 Months$5,000.00

2-Year CD Rates

The following banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Bread Savings4.50% APY24 Months$1,500.00
Synchrony Bank4.30% APY24 Months$0.01.00
First National Bank of America4.40% APY24 Months$1,000.00
Pentagon Federal Credit Union4.35% APY24 Months$1,000.00
Marcus by Goldman Sachs4.25% APY24 Months$500.00
KS State Bank4.73% APY24 Months$500.00
Sky One Federal Credit Union5.00% APY22 Months$1,000.00
Skyla Credit Union4.75% APY21 Months$500.00

3-Year CD Rates

The following banks and credit unions have the highest CD rates for 3 years.

Best 3-Year CD RatesRateTermMinimum
Bread Savings4.50% APY36 Months$1,500.00
Pentagon Federal Credit Union4.05% APY36 Months$1,000.00
Synchrony Bank4.30% APY36 Months$0.01%
First National Bank of America4.40% APY36 Months$1,000.00
Marcus by Goldman Sachs4.00% APY36 Months$500.00
Discover4.15% APY36 Months$2,500.00
Capital One4.15% APY36 Months$0.00
Sallie Mae Bank4.50% APY36 Months$2,500.00
Alliant Credit Union4.50% APY36 Months$1,000.00
CFG Bank4.60% APY36 Months$500.00
Crescent Bank2.90% APY36 Months$1,000.00
Popular Direct4.55% APY36 Months$10,000.00
Barclays4.15% APY36 Months$000.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 4 years.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.65% APY48 Months$1,500.00
NASA Federal Credit Union4.60% APY49 Months$10,000.00
PenFed Credit Union3.90% APY48 Months$1,000.00
Synchrony Bank4.30% APY48 Months$0.01
First National Bank of America4.35% APY48 Months$1,000.00
Marcus by Goldman Sachs4.00% APY48 Months$500.00
First Internet Bank4.44% APY48 Months$1,000.00
Merrick Bank4.60% APY48 Months$25,000.00

5-Year CD Rates

The following banks and credit unions have the highest CD rates for 5 years.

Best 5-Year CD RatesRateTermMinimum
Bread Savings4.75% APY60 Months$1,500.00
Popular Direct4.50% APY60 Months$10,000.00
Synchrony Bank4.30% APY60 Months$0.00
PenFed Credit Union3.90% APY60 Months$1,000.00
First National Bank of America4.35% APY60 Months$1,000.00
Marcus by Goldman Sachs3.80% APY60 Months$500.00
Discover4.25% APY60 Months$2,500.00
Capital One4.25% APY60 Months$0.00
Sallie Mae Bank4.55% APY60 Months$2,500.00
Connexus Credit Union3.51% APY60 Months$5,000.00
CFG Bank4.60% APY60 Months$500.00
Barclays4.25% APY60 Months$0.00

Compare CD Rates From 423 Banks And Credit Unions

Find the highest interest rates for your savings ranging from 3 months to 5 years.

Next Steps

Alabama has several top-rated annuity and CD providers, so choosing the right one for your needs can be challenging. That’s where we come in! Our team at The Annuity Expert and CD Rates is dedicated to finding you the best rates possible on your investment. Contact us today for a free quote and see how much you could be saving. Thanks for reading!

The Best Fixed Annuity And Cd Rates In Alabama (Al)

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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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