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

Shawn Plummer

CEO, The Annuity Expert

Kansas, known as the Sunflower State, is a thriving and growing state with a strong economy and a secure financial environment. Kansas’s best-fixed annuity and CD rates can offer a safe and secure way to grow your savings if you’re looking for investment opportunities. This guide will explore the benefits and drawbacks of these investment options and the state’s top providers.

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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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.

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 it’s backed by the FDIC – so your money will always be protected!

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 your earnings.

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

  • Low returns: CDs typically offer lower returns than other investments.
  • Penalties for early withdrawal: If you need to withdraw funds from your CD before the end of the term, you may be subject to early withdrawal penalties.

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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