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

Shawn Plummer

CEO, The Annuity Expert

From the lush plains of Kansas to the vibrant streets of Kansas City, the Sunflower State is a fertile ground for opportunities to grow your savings. This comparison is your compass, assisting you in shopping and comparing the high CD rates at banks, best bank savings interest rates, best money market bank rates, and guaranteed interest rate annuity available across KS. Whether your nest egg lies with established banks, community credit unions, or the convenient digital world of online banking, we aim to guide your journey toward financial abundance. We’re here to decode the complexities of Kansas’s financial landscape, providing you with the crucial insights needed to optimize interest rates and successfully bolster your savings. With this guide, exploring Kansas’s diverse financial terrain becomes less of a task and more of an exciting journey to financial security and growth.

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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 CD5.60%
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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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 Kansas

Fixed annuities are investment products that offer a fixed rate of return for a set period. Unlike other types of investments, fixed annuities are not subject to market fluctuations, making them a popular choice for conservative investors.

Disclaimer: Products are subject to state availability. Please inquire below for details.

The Best CD Rates In Kansas

A CD (Certificate of Deposit) is ideal if you’re looking for a safe and secure investment. A CD offers guaranteed returns at fixed rates over set periods, plus the FDIC backs it – so your money will always be protected!

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 Savings5.60% 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 Savings5.15% 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 Savings4.85% 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 Savings4.65% 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 Savings4.65% APY60 Months$1,500.00
Barclays4.50% APY60 Months$0.00
The State Exchange Bank4.35% APY60 Months$1.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In Kansas

Pros and Cons of Fixed Annuities:

Fixed annuities offer several benefits, including:

  • Guaranteed income: Fixed annuities offer a guaranteed income stream, making them a reliable source of retirement income.
  • Safety: Fixed annuities are generally considered safe investments, as they are not subject to market fluctuations.
  • Tax-deferred growth: Your investment in a fixed annuity is tax-deferred, allowing your money to grow more quickly.

However, there are also some drawbacks to consider, such as:

  • Low returns: Fixed annuities typically offer lower returns than other investments.
  • Early withdrawal penalties: If you need to withdraw funds from your fixed annuity before the end of the contract, you may be subject to early withdrawal penalties.

Pros and Cons of CDs:

CDs offer several benefits, including:

  • Guaranteed returns: CDs offer a guaranteed rate of return, making them a reliable source of income.
  • Safety: CDs are insured by the FDIC, making them a safe investment option.
  • Predictable returns: The rate of return on a CD is fixed, making it easier to predict earnings.

However, there are also some drawbacks to consider, such as:

Next Steps

Kansas offers a great economic climate for investments and savings, including fixed annuities and CDs. As we’ve seen in this guide, these investment options have benefits and drawbacks, and you’ll want to weigh them carefully as you decide what’s best for your finances. We hope we have helped you learn more about Kansas’s top providers and the various types of annuities and CDs offered. Ultimately, it is essential to research a financial product, so make sure you know about all the aspects of any investment you choose. If you are unsure or need more advice on finding the best opportunities in Kansas, please don’t hesitate to contact us for a quote.

The Best Fixed Annuity And Cd Rates In Kansas (Ks)

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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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