The Best Fixed Annuity and CD Rates in Idaho (March 2024)

Shawn Plummer

CEO, The Annuity Expert

The Best Rates To Grow Your Money

TermInsurance CompanyAPY
N/AMoney Market Account – Generations Bank5.29%
N/AMoney Market Account – American First Credit Union5.30%
N/ASavings Account – Customers Bank5.32%
12 MonthsCD – Bread Savings5.35%
5 YearsAnnuity – Wichita National6.30%
*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 5 years, all in one place.

The Best Fixed Annuity Rates In Idaho

A fixed annuity is a type of investment that provides a guaranteed rate of return. The rate is set when you purchase the annuity and will remain the same for the contract’s life. This makes fixed annuities an excellent choice for people looking for a secure and predictable investment option.

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

The Best CD Rates In Idaho

A CD, or certificate of deposit, is a savings account that pays a fixed interest rate. Unlike a traditional savings account, you can’t withdraw from a CD until the maturity date, which is usually between six months and five years. If you withdraw your funds early, you’ll be charged a penalty. CDs are also FDIC insured, making them a secure and reliable investment option.

3-Month CD Rates

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

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.35% APY3 Months$1.00
Total Direct Bank5.66% APY3 Months$25,000.00
Western Alliance Bank5.36% 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
CommunityWide FCU5.50% APY6 Months$1,000.00
My eBanc5.51% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
Hudson Valley Credit Union5.67% APY12 Months$750.00
Space Coast Credit Union5.61% APY12 Months$500.00
Lafayette Federal Credit Union5.61% APY12 Months$100,000.00

2-Year CD Rates

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

Best 2-Year CD RatesRateTermMinimum
Luana Savings Bank5.11% APY24 Months$100,000.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Pelican State Bank5.27% APY24 Months$500.00

3-Year CD Rates

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

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union5.20% APY36 Months$100,000.00

4-Year CD Rates

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

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.35% APY48 Months$500.00

5-Year CD Rates

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

Best 5-Year CD RatesRateTermMinimum
Farmers Insurance4.25% APY60 Months$1,000.00
Lafayette Federal Credit Union4.63% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00

The Best Fixed Annuity and CD Rates in Idaho

When it comes to finding the best fixed annuity and CD rates in Idaho, you should consider a few things. Here are some of the most important factors to keep in mind:

  • Financial stability: Look for financial institutions that are financially stable and have a good reputation. You want to make sure your investment is safe and secure.
  • Rate of return: Of course, you want to find the best possible rate of return on your investment. Look for competitive rates that offer a good return on your investment.
  • Fees and penalties: Ensure you understand the fees and penalties associated with the fixed annuity or CD you’re considering. Some financial institutions may charge early withdrawal penalties or other fees that can reduce your overall return.

With these factors in mind, here are some of the best places to find fixed annuity and CD rates in Idaho:

  • Credit unions: Many credit unions in Idaho offer competitive fixed annuity and CD rates. They are also known for their personalized service and local focus, which can make it easier to find the right investment option for your needs.
  • Banks: Banks in Idaho are also great places to find fixed annuity and CD rates. To find the best option, you’ll want to compare rates and fees at a few banks.
  • Online banks: Online banks are another option for finding fixed annuity and CD rates in Idaho. They often offer more competitive rates and lower fees, making them an excellent choice for those looking for the best possible return on their investment.

Next Steps

We hope our guide has provided you with the necessary insights and understanding to ensure you’re making an informed decision about where to find unbeatable fixed annuities or CDs in Idaho. So whether your goal is to seek long-term financial security or generate growth from investing in Idaho, there’s something for everyone. So if you’re ready to explore what Idaho has to offer, contact us for a quote today—we can show you how easy it can be to get started!

The Best Fixed Annuity And Cd Rates In Idaho (Id)

Request A Quote

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

Contact Us
First
Last

Related Reading

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

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top