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

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Our Favorite Rates To Grow Your Money

TermSavings AccountInstitutionAPY
N/AMoney Market AccountUnited Republic Bank5.25%
N/ASavings AccountWestern Alliance Bank5.27%
12 MonthsCDBread Savings5.25%
5 YearsFixed AnnuityWichita National6.50%

Disclaimer: This is a comparison review. The Annuity Expert is not associated with a bank or credit union. We aim to help you find the highest interest rates for your savings. We may receive a small referral fee if you purchase something using a link in this guide.

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
Merrick Bank5.25% APY3 Months$25,000.00
Total Direct Bank5.51% APY3 Months$25,000.00
Banesco USA 5.25% APY3 Months$1,000.00

6-Month CD Rates

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

Best 6-Month CD RatesRateTermMinimum
American Airlines5.35% APY6 Months$1,000.00
My eBanc5.45% APY6 Months$50,000.00
Total Direct Bank5.51% APY6 Months$25,00.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
NexBank5.40% APY12 Months$25,000.00
Eastman Credit Union5.40% APY12 Months$100,000.00
USAlliance Financial5.40% APY12 Months$500.00

2-Year CD Rates

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

Best 2-Year CD RatesRateTermMinimum
Crescent Bank4.90% APY24 Months$1,000.00
Eastman Credit Union5.40% APY24 Months$100,000.00
NexBank4.80% APY24 Months$10,00.00

3-Year CD Rates

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

Best 3-Year CD RatesRateTermMinimum
Credit Human4.65% APY36 Months$500.00
First National Bank4.37% APY36 Months$500.00
Crescent Bank4.80% APY36 Months$1,000.00

4-Year CD Rates

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

Best 4-Year CD RatesRateTermMinimum
Eastman Credit Union4.65% APY48 Months$1,000.00
Crescent Bank4.50% APY48 Months$1,000.00
Credit Human4.65% 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
First National Bank of America4.50% APY60 Months$1,000.00
Eastman Credit Union4.75% 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.

How We Can Help

At The Annuity Expert, we understand that finding the right investment can be overwhelming. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we’re dedicated to helping you navigate your options to find the best solutions at the lowest costs.

Your Financial Challenge

The core problem we solve is finding secure and profitable investment solutions tailored to your needs. Many investors struggle with low-interest rates and uncertain financial products, which can lead to anxiety and frustration. We recognize these challenges and are here to offer our expertise.

Our Commitment to You

We believe in transparency, reliability, and personalized service. Our goal is to provide you with the highest quality financial products that ensure your money works as hard as you do.

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

What We Recommend

Step 1: Initial Consultation

  • First Step: Schedule a free consultation with our experts. During this session, we will understand your financial goals and assess your current investment strategy.
  • Main Benefit: Gain clarity on your financial goals and the best path forward.

Step 2: Personalized Recommendations

  • What We Do: Based on your unique needs, we will provide tailored investment recommendations that offer the best returns and terms.
  • Main Benefit: Receive personalized advice that maximizes your investment potential.

Step 3: Secure Your Investment

  • Final Step: We assist you in opening your chosen investment accounts, ensuring all details are handled smoothly and efficiently.
  • Main Benefit: Secure a high-return investment with confidence, knowing you’ve made an informed decision.

Features and Benefits

  • Expert Advice: Personalized guidance to help you select the best investment options.
  • Updated Rates: Access to the latest and most competitive investment products.
  • Convenience: A wide range of investment options in one place.

Addressing Common Objections

  • Objection: “I’m worried about investment risks.”
    Response: We’ll help you choose a diversified portfolio that matches your risk tolerance and financial goals.
  • Objection: “Investment options seem too complex.”
    Response: Our experts simplify the process, providing clear and concise recommendations tailored to your needs.

Without our guidance, you might miss out on the best investment options and returns, potentially impacting your financial growth and stability.

By working with us, you’ll enjoy higher returns on your investments, peace of mind from secure financial products, and the confidence that comes with expert financial advice.

Imagine the relief and satisfaction of knowing your investments are growing efficiently and securely. Our tailored approach ensures you feel valued, supported, and confident in your financial future.

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

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, 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

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