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!
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 | APY |
|---|---|---|
| N/A | Money Market Account – Optimum Bank | 5.26% |
| N/A | Money Market Account – FVC Bank | 5.26% |
| N/A | Savings Account – CloudBank 24/7 | 5.26% |
| 12 Months | Bread Savings CD | 5.50% |
| 48 Months | Clear Spring Fixed Annuity | 5.15% |
| 5 Years | Athene Fixed Annuity | 5.30% |
| 10 Years | Equitrust Fixed Annuity | 6.00% |
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.
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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Ponce Bank | 5.30% APY | 3 Months | $1.00 |
| Oklahoma State Bank | 5.35% APY | 3 Months | $1.00 |
| Western Alliance Bank | 5.21% APY | 3 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.41% APY | 6 Months | $1.00 |
| Oklahoma State Bank | 5.40% APY | 6 Months | $1.00 |
| Generations Bank | 5.41% APY | 6 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.51% APY | 12 Months | $1.00 |
| Bread Savings | 5.50% APY | 12 Months | $1,500.00 |
| Connexus Credit Union | 5.50% APY | 12 Months | $1.00 |
2-Year CD Rates
Banks and credit unions have the highest CD rates for 24 months.
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Connexus Credit Union | 4.95% APY | 24 Months | $1.00 |
| Idabel National Bank | 4.90% APY | 24 Months | $1.00 |
| Bread Savings | 5.00% APY | 24 Months | $1,500.00 |
3-Year CD Rates
Banks and credit unions have the highest CD rates for 36 months.
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Valley Bank | 5.60% APY | 36 Months | $500.00 |
| Bread Savings | 4.75% APY | 36 Months | $1,500.00 |
| The State Exchange Bank | 4.70% APY | 36 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 48 Months | $1,500.00 |
| The State Exchange Bank | 4.50% APY | 48 Months | $1.00 |
| Barclays | 4.45% APY | 48 Months | $0.00 |
5-Year CD Rates
Banks and credit unions have the highest CD rates for 60 months.
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 60 Months | $1,500.00 |
| Barclays | 4.50% APY | 60 Months | $0.00 |
| The State Exchange Bank | 4.35% APY | 60 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!
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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.