The Best Fixed Annuity and CD Rates in Alaska (September 2023)

Shawn Plummer

CEO, The Annuity Expert

Welcome to our all-encompassing guide tailored for those residing in the Last Frontier, Alaska (AK), seeking to grow their money by identifying and leveraging the best savings and investment opportunities. Alaska, known for its majestic mountains and stunning glaciers, is also home to various financial institutions that provide some of the best savings and investment options. In this guide, we will explore the best certificate of deposit rates, highlight the current interest rates on savings accounts, and identify the highest interest rates on money markets. Moreover, we will look into fixed annuity rates, a valuable tool for securing your financial future. Regardless of your preference between traditional banks, credit unions, or the convenience and accessibility of online platforms, our guide will assist you in finding the most favorable interest rates for your savings and investments. Buckle up and join us on this journey toward financial prosperity!

Confused About Annuities?

Are you new to annuities and unsure where to begin? Visit our Annuity Learning Lab for expert guidance and insights.

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 CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.50%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*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 guide.

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 Alaska

Fixed annuities are investment contracts that offer a guaranteed rate of return over a specific period of time. They are purchased from an insurance company and are considered a low-risk investment option. In Alaska, fixed annuities are popular among retirees and those who are looking for a reliable source of income in retirement.

Fixed annuities allow you to invest a lump sum of money in exchange for a guaranteed rate of return. This rate is usually higher than a traditional savings account but lower than other investment options such as stocks or bonds. Your money is invested in a diversified portfolio, and the insurance company manages the investment for you.

Disclaimer: Products are subject to state availability. Please inquire below for details.

The Best CD Rates In Alaska

If you’re looking for a safe and stable investment option in Alaska, certificates of deposit (CDs) could be perfect. By locking your money away with a CD, you can expect higher interest rates than regular savings accounts. They are especially popular among retirees seeking guaranteed returns and those who prefer to play it safe when investing their hard-earned cash.

CDs allow you to deposit a lump sum into an account for a specific period. The longer the term of the CD, the higher the interest rate you will receive. At the end of the term, you will receive your initial deposit plus the accumulated interest.

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.30% APY3 Months$1.00
Oklahoma State Bank5.35% APY3 Months$1.00
Western Alliance Bank5.21% APY3 Months$1.00

6-Month CD Rates

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

Best 6-Month CD RatesRateTermMinimum
Western Alliance Bank5.41% APY6 Months$1.00
Oklahoma State Bank5.40% APY6 Months$1.00
Generations Bank5.41% APY6 Months$1.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
Western Alliance Bank5.51% APY12 Months$1.00
Bread Savings5.50% APY12 Months$1,500.00
Connexus Credit Union5.50% APY12 Months$1.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Connexus Credit Union4.95% APY24 Months$1.00
Idabel National Bank4.90% APY24 Months$1.00
Bread Savings5.00% APY24 Months$1,500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Valley Bank5.60% APY36 Months$500.00
Bread Savings4.75% APY36 Months$1,500.00
The State Exchange Bank4.70% APY36 Months$1.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.50% APY48 Months$1,500.00
The State Exchange Bank4.50% APY48 Months$1.00
Barclays4.45% APY48 Months$0.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Bread Savings4.50% APY60 Months$1,500.00
Barclays4.50% APY60 Months$0.00
The State Exchange Bank4.35% APY60 Months$1.00

Benefits of Fixed Annuities in Alaska

  • The guaranteed rate of return
  • Tax-deferred growth
  • Potential for a steady stream of income in retirement
  • Low risk
  • Potential for higher returns than traditional savings accounts
The Best Cd Rates In Alaska. The Best Fixed Annuity Rates In Alaska

Drawbacks of Fixed Annuities in Alaska

  • Fees and charges
  • Potential for lower returns than other investment options
  • Limited liquidity
  • Early withdrawal penalties
The Best Cd Rates In Alaska

Benefits of CDs in Alaska

  • Guaranteed rate of return
  • Low risk
  • Potential for higher returns than traditional savings accounts
  • Flexibility in terms and interest rates
  • FDIC insured
The Best Fixed Annuity Rates In Alaska

Drawbacks of CDs in Alaska

  • Early withdrawal penalties
  • Potential for lower returns than other investment options
  • Limited liquidity

Next Steps

Searching for the best-fixed rate annuities and CDs in Alaska can be daunting. It is essential to look at several providers and compare their rates and terms to find the most attractive option. Ultimately, each customer will have their own opinion on which type of annuity or CD rate is best for them. However, by comparing rates from different providers, Alaskans can be better equipped to make an informed decision that best suits their needs. If you are looking for help selecting the best-fixed annuity or CD rate for your situation, please don’t hesitate to contact us for a quote.

What Are The Best Fixed Annuity Rates In Alaska

Request A Quote

Get help from a licensed financial professional. This service is free of charge.

Contact Us
First
Last

Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.

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. 

Scroll to Top