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

Shawn Plummer

CEO, The Annuity Expert

Welcome to our comprehensive guide designed for those seeking to maximize their savings in the Gem State! From the sweeping plains of Boise to the rugged cliffs of Coeur d’Alene, our guide aims to help residents of Idaho (ID) and beyond to navigate the financial landscape effectively. We’ll guide you through today’s bank CD rates, showcasing banks with the highest savings interest rates to stretch your dollar further. But we don’t stop there – we also delve into the world of high money market rates and fixed annuities, helping you diversify your portfolio for long-term growth. Whether you prefer the personal touch of local banks and credit unions or the convenience and accessibility of online platforms, our guide will help you uncover the optimal interest rates to grow your money effectively. So, let’s dive in and let the treasure hunt begin!

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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.

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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 Bank5.30% 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

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)

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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. 

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