Are you looking for a safe and secure investment option to help you grow your wealth over time? If yes, you may consider investing in CDs and fixed annuities in Hawaii. CDs (Certificates of Deposit) and fixed annuities are popular investment options that offer stable returns, making them ideal for those looking for a low-risk investment option. In this guide, we’ll take an in-depth look at the best CD and fixed annuity rates in Hawaii and provide you with all the information you need to make an informed decision about your investment options.
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 | Interest Rate |
|---|---|---|
| N/A | UFB Bank Savings Account | 5.02% |
| N/A | UFB Bank Money Market | 5.02% |
| 12 Months | Western Alliance Bank CD | 5.01% |
| 36 Months | Oceanview Fixed Annuity | 5.00% |
| 48 Months | Americo Fixed Annuity | 5.05% |
| 5 Years | Aspida Fixed Annuity | 5.50% |
| 6 Years | American National Fixed Annuity | 5.45% |
| 10 Years | American National Fixed Annuity | 5.45% |
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 CD Rates In Hawaii
CDs are low-risk investments that offer a fixed rate of return for a specified period of time. When you invest in a CD, you deposit a certain amount of money into an account, and in return, you receive a guaranteed interest rate for a set period.
The best CD rates in Hawaii vary based on several factors, including the length of the term, the type of CD, and the financial institution offering the CD. Here are some of the most popular CD options in Hawaii:
- Short-term CDs: These CDs typically have a term of less than one year and offer a lower interest rate. They are ideal for those who want to invest a smaller amount of money and are looking for a short-term investment option.
- Long-term CDs: These CDs have a term of five years or more and offer a higher interest rate. They are ideal for those looking for a long-term investment option and willing to tie up their money for a more extended period.
- Jumbo CDs: These CDs require a large minimum deposit and offer a higher interest rate. They are ideal for those who have a large amount of money to invest and are looking for a higher return on their investment.
Maximizing Your CD Returns in Hawaii
To maximize your CD returns in Hawaii, you’ll want to shop around and compare the interest rates offered by different financial institutions. You can compare CD rates online or visit local banks and credit unions to get more information about their CD options.
It’s also important to consider the length of the term when investing in a CD. The longer the term, the higher the interest rate will be. However, you’ll also need to consider the opportunity cost of tying up your money for longer.
Finally, you may want to consider laddering your CDs. This involves investing in CDs with different terms so that when one CD matures, you can reinvest the funds into another CD with a longer term and higher interest rate. This can help you earn a higher return on your investment over time.
The Best Fixed Annuity Rates In Hawaii
Fixed annuities are investment products that offer a guaranteed rate of return for a specified period of time. When you invest in a fixed annuity, you make a lump sum payment, and in return, you receive a guaranteed rate of return for a fixed period, typically ranging from five to 20 years.
The best fixed annuity rates in Hawaii vary based on several factors, including the length of the term, the type of annuity, and the financial institution offering the annuity. Here are some of the most popular fixed annuity options in Hawaii:
Next Steps
In conclusion, investing in CDs and fixed annuities can offer Hawaii investors the retirement funds they need while offering low-risk returns. We hope this guide has been useful in helping you to make an informed decision when it comes to investing in CDs or fixed annuities. With access to some of the best CD and fixed annuity rates in Hawaii, you can know that your money is safe and secure while building your wealth over time. If you have any additional questions or want a personal quote, please don’t hesitate to contact us today. We’re here to help you build a bright financial future for yourself and your family. Investing wisely now will pay off tomorrow!
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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.