The Best Fixed Annuity and CD Rates in Indiana (March 2023)

Shawn Plummer

CEO, The Annuity Expert

Are you a resident of Indiana looking to grow your savings? Have you considered investing in a fixed annuity or a certificate of deposit (CD)? If so, you’re in luck. Indiana offers some of the country’s best-fixed annuity and CD rates. In this comparison, we’ll explore these investment options in detail so that you can make an informed decision.

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 CompanyInterest Rate
N/AUFB Bank Savings Account5.02%
N/AUFB Bank Money Market5.02%
12 MonthsWestern Alliance Bank CD5.01%
36 MonthsOceanview Fixed Annuity5.00%
48 MonthsAmerico Fixed Annuity5.05%
5 YearsAspida Fixed Annuity5.50%
6 YearsAmerican National Fixed Annuity5.45%
10 YearsAmerican National Fixed Annuity5.45%
*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 article.

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Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

The Best Fixed Annuity Rates In Indiana

A fixed annuity is a contract between you and an insurance company. You provide a lump sum of money, and the insurance company guarantees to pay you a fixed interest rate over a specified period.

Benefits of a Fixed Annuity

Drawbacks of a Fixed Annuity

  • Limited growth potential
  • Surrender charges for early withdrawal
  • Restrictions on accessing funds

The Best CD Rates In Indiana

A CD is a low-risk investment option offered by banks and credit unions. With a CD, you deposit a lump sum of money for a specified period, usually from one month to five years. In return, the bank or credit union agrees to pay you a fixed interest rate. CDs are FDIC-insured, so your investment is guaranteed up to $250,000.

Benefits of a CD

  • The guaranteed rate of return
  • FDIC-insured
  • Safe investment option
  • Predictable interest payments

Drawbacks of a CD

  • Limited growth potential
  • Penalties for early withdrawal
  • Access to funds may be restricted

How to Compare The Best Fixed Annuity and CD Rates in Indiana

When comparing fixed annuity and CD rates, it’s essential to consider several factors, including:

To find the best-fixed annuity and CD rates in Indiana, you can start by searching online for financial institutions in your area. It’s also good to compare rates from multiple institutions to ensure you get the best deal.

Next Steps

If you’re a resident of Indiana looking to grow your savings, you may want to consider investing in a fixed annuity or CD. Both options offer great rates and can help you reach your financial goals.

To learn more about fixed annuities and CDs, contact us today. We’ll be happy to answer any of your questions and provide you with a quote.

The Best Fixed Annuity And Cd Rates In Indiana (In)

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

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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