When investing in a secure financial future, fixed annuities and certificates of deposit (CDs) are two of the most popular options for Iowa residents. With a fixed annuity, you receive a guaranteed return on your investment, while CDs offer a low-risk way to grow your savings over time. In this guide, we’ll take a closer look at the best fixed annuity and CD rates in Iowa to help you make an informed decision about your financial future.
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 | Interest Rate |
|---|---|---|
| N/A | UFB Bank Savings Account | 5.02% |
| N/A | UFB Bank Money Market | 5.02% |
| 12 Months | Western Alliance Bank CD | 5.01% |
| 36 Months | Oceanview Fixed Annuity | 5.00% |
| 48 Months | Americo Fixed Annuity | 5.05% |
| 5 Years | Aspida Fixed Annuity | 5.50% |
| 6 Years | American National Fixed Annuity | 5.45% |
| 10 Years | American National Fixed Annuity | 5.45% |
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.
The Best Fixed Annuity Rates In Iowa
If you’re looking for the best fixed annuity rates in Iowa, it’s crucial to compare rates from multiple providers. When comparing annuity rates, take into account any fees or charges associated with the product, as well as the provider’s financial stability. Some of the top annuity providers in Iowa include:
The Best CD Rates In Iowa
For the best CD rates in Iowa, consider checking rates at local banks, credit unions, and online banks. When shopping for CD rates, compare the interest rate and the term length to find the product that best fits your investment goals.
Understanding Fixed Annuities and CDs
Fixed annuities are a type of insurance product that provides a guaranteed return on investment over a set period of time.
On the other hand, CDs are savings products banks and credit unions offer. They offer a guaranteed return on investment over a set term, typically from three months to five years. In addition, CDs are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor per institution, making them a low-risk investment option.
Benefits of Investing in Fixed Annuities and CDs in Iowa
Fixed annuities and CDs offer several key benefits, including:
- Guaranteed return on investment
- Low-risk investment option
- Potential for higher returns than savings accounts
- Tax-deferred growth (for annuities)
By investing in a fixed annuity or CD, you can enjoy the peace of mind that comes with knowing your investment is secure while potentially earning a higher return on your money than you would with a traditional savings account.
Next Steps
Overall, fixed annuities and certificates of deposit are two smart, secure investment options for Iowa residents looking to grow their nest egg. Annuities offer a guaranteed return on your money, while CDs allow you to use compounding interest on your savings. Armed with this information about Iowa’s best-fixed annuities and CD rates, you can decide which financial product is best for you.
At The Annuity Expert, we understand that making decisions about your future is a big responsibility, and we’re here to help. Our team of experts has extensive knowledge on the topic and can answer any questions you may have. With our unbeatable customer service, quality assurance, fast processing times, and competitive rates, we are the perfect choice for anyone looking to invest in their future security. Contact us today for a quote!
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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.