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

Shawn Plummer

CEO, The Annuity Expert

Welcome to your comprehensive guide for optimizing your savings in the sunshine state. Whether you’re a resident of bustling Miami, the picturesque Sarasota, or nestled within the serene beauty of Naples, it’s critical to understand the financial terrain and your growth opportunities. As you traverse through Tampa, St. Petersburg, Melbourne, or Jacksonville, you’ll notice a common goal among the denizens – maximizing their savings. This guide is an invaluable resource for all Floridians, including those in Palm Beach County, who seek the highest investment returns. We’ll dive into the best CD rates, highest money market rates, unbeatable savings account interest rates and competitive annuity rates in the Florida market. With careful comparison of the offerings from local banks, credit unions, and online platforms, this guide will help you navigate your way to grow your savings at the most attractive interest rates in Florida.

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 Florida

Fixed annuities are another low-risk investment option that can provide a steady income in retirement. With a fixed annuity, you deposit a lump sum with an insurance company, paying you a guaranteed interest rate. Here are some of the best-fixed annuity rates in Florida today:

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

Best CD Rates In Florida

CDs are a low-risk investment option where you deposit a lump sum for a fixed term, usually from one month to five years. You earn a guaranteed interest rate in exchange for keeping your money with the bank for a fixed period. Here are some of the best CD rates in Florida:

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
Best And Highest Cd, Annuity, Savings, Money Market Rates In Florida

Next Steps

In conclusion, certificates of deposits and fixed annuities can be some of the most reliable when looking for safe and secure investment options in Florida. However, finding the best investment rates can get confusing with many different CDs and fixed annuities to compare and review. That’s why we put together this guide–to provide you with the funds and knowledge to make a well-informed decision. Hopefully, you found it informative and beneficial in helping you choose the financial product that makes sense for your future.

If you have any further questions or want a quote on CD or fixed annuity rates in Florida, don’t hesitate to contact us anytime! We’re here to help ensure that your investments today will result in peace of mind tomorrow.

Best Fixed Annuity And Cd Rates In Florida

Request A Quote

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

Contact Us

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