From the sweeping vistas of the Ozarks to the bustling streets of Little Rock, Arkansas, it offers many opportunities to grow your savings. This comparison is your navigational guide as you shop and compare the state’s best certificates of deposit rates, savings account rates, money market account best rates, and fixed interest rate annuity. Whether your money is placed in large-scale banks, local credit unions, or the convenient world of online banking, our objective is to clear the path toward your financial growth. We’re committed to decoding Arkansas’s financial landscape, arming you with the necessary knowledge to maximize interest rates and increase your savings. With this guide, traversing Arkansas’s financial terrain becomes less of an enigma and more of an engaging quest toward enhancing your wealth.
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 | APY |
|---|---|---|
| N/A | Money Market Account – Optimum Bank | 5.26% |
| N/A | Money Market Account – FVC Bank | 5.26% |
| N/A | Savings Account – CloudBank 24/7 | 5.26% |
| 12 Months | Bread Savings CD | 5.50% |
| 48 Months | Clear Spring Fixed Annuity | 5.15% |
| 5 Years | Athene Fixed Annuity | 5.30% |
| 10 Years | Equitrust Fixed Annuity | 6.00% |
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.
The Best Fixed Annuity Rates In Arkansas
Fixed annuities are a popular option for people looking to save for the future, as they offer a guaranteed rate of return over a set period of time. If you’re looking for the best-fixed annuity rates in Arkansas, there are a few things to keep in mind.
- Consider the length of the annuity. The longer the annuity, the higher the rate of return is likely to be.
- Check the credit rating of the insurance company offering the annuity. Higher-rated companies are more likely to offer better rates.
- Compare rates from multiple companies to ensure you get the best deal.
- Keep an eye out for special promotions or bonuses that may be available.
Disclaimer: Products are subject to state availability. Please inquire below for details.
The Best CD Rates In Arkansas
Certificates of deposit, or CDs, are another popular option for people looking to grow their savings. If you’re interested in finding the best CD rates in Arkansas, here are a few things to keep in mind:
- Shop around. Compare rates from multiple banks to ensure you get the best deal.
- Consider the length of the CD. Longer-term CDs typically offer higher rates.
- Check the FDIC insurance status of the bank offering the CD. This ensures that your deposit is protected in case of a bank failure.
3-Month CD Rates
Banks and credit unions have the highest CD rates for three months.
| Best 3-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Ponce Bank | 5.30% APY | 3 Months | $1.00 |
| Oklahoma State Bank | 5.35% APY | 3 Months | $1.00 |
| Western Alliance Bank | 5.21% APY | 3 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.41% APY | 6 Months | $1.00 |
| Oklahoma State Bank | 5.40% APY | 6 Months | $1.00 |
| Generations Bank | 5.41% APY | 6 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.51% APY | 12 Months | $1.00 |
| Bread Savings | 5.50% APY | 12 Months | $1,500.00 |
| Connexus Credit Union | 5.50% APY | 12 Months | $1.00 |
2-Year CD Rates
Banks and credit unions have the highest CD rates for 24 months.
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Connexus Credit Union | 4.95% APY | 24 Months | $1.00 |
| Idabel National Bank | 4.90% APY | 24 Months | $1.00 |
| Bread Savings | 5.00% APY | 24 Months | $1,500.00 |
3-Year CD Rates
Banks and credit unions have the highest CD rates for 36 months.
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Valley Bank | 5.60% APY | 36 Months | $500.00 |
| Bread Savings | 4.75% APY | 36 Months | $1,500.00 |
| The State Exchange Bank | 4.70% APY | 36 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 48 Months | $1,500.00 |
| The State Exchange Bank | 4.50% APY | 48 Months | $1.00 |
| Barclays | 4.45% APY | 48 Months | $0.00 |
5-Year CD Rates
Banks and credit unions have the highest CD rates for 60 months.
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 60 Months | $1,500.00 |
| Barclays | 4.50% APY | 60 Months | $0.00 |
| The State Exchange Bank | 4.35% APY | 60 Months | $1.00 |
Maximizing Your Savings with the Best Fixed Annuity and CD Rates in Arkansas
By combining the best fixed annuity and CD rates in Arkansas, you can maximize your savings and achieve your financial goals. Here are some tips to help you do just that:
- Consider laddering your CDs. This means buying CDs with varying maturity dates so you can access some of your money sooner while still earning a higher rate on the longer-term CDs.
- Consider a combination of fixed annuities and CDs to diversify your savings portfolio.
- Keep an eye on interest rates and be prepared to move your money to a higher-yielding option if necessary.
Next Steps
In conclusion, investing in fixed annuities and CDs can be a secure way to grow your savings and lock in a great rate of return. Being up-to-date on the current rates provided by financial institutions in Arkansas and understanding the different options available can help ensure you get the best deal possible.
We’re here to assist you if you want a fixed annuity or CD. We can provide quotes to find the best rates and terms to match your needs – so go ahead and contact us today! By taking advantage of this information, you’ll be well to finding the best solution for your investment goals.
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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.