The Best Fixed Annuity and CD Rates in Kansas (April 2024)

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

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.

Our Favorite Rates To Grow Your Money

TermSavings AccountInstitutionAPY
N/AMoney Market AccountUNCLE Credit Union5.26%
N/ASavings AccountCloudbank 2475.26%
12 MonthsCDBread Savings5.25%
5 YearsFixed AnnuityWichita National6.30%

Disclaimer: This is a comparison review. The Annuity Expert is not associated with a bank or credit union. We aim to help you find the highest interest rates for your savings. We may receive a small referral fee if you purchase something using a link in this guide.

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 Bank5.25% APY3 Months$1.00
Total Direct Bank5.42% APY3 Months$25,000.00
Western Alliance Bank5.26% 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
American Airlines Federal Credit Union5.50% APY6 Months$1,000.00
My eBanc5.49% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Broadway Bank5.60% APY12 Months$500,000.00
Nex Bank5.40% APY12 Months$25,000.00
Apple Federal Credit Union5.40% APY12 Months$500.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Mountain Credit Union5.00% APY24 Months$2,500.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Credit Human4.75% APY24 Months$500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union4.58% APY36 Months$100,000.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.15% APY48 Months$500.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Quontic4.30% APY60 Months$500.00
Lafayette Federal Credit Union4.37% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In Kansas

Pros and Cons of Fixed Annuities:

Fixed annuities offer several benefits, including:

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, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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