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

Shawn Plummer

CEO, The Annuity Expert

Investing your money is a great way to grow your wealth over time. However, knowing where to start cannot be accessible with so many investment options. If you’re looking for a low-risk, secure investment in Kentucky, you may be interested in fixed annuities or certificates of deposit (CDs). In this comparison, we’ll take a closer look at the best-fixed annuity and CD rates available in Kentucky and what you should consider when making your investment 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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The Best Fixed Annuity Rates In Kentucky

The Best CD Rates In Kentucky

How Do I Compare The Best Fixed Annuity Rates In Kentucky With The Best CD Rates In Kentucky?

Comparing the best-fixed annuity ratThat’sKentucky with the best CD rates in Kentucky can be done by taking the following steps:

  1. Determine your investment goals: Before comparing rates, it’s essential to understand your investment goals. For example, do you want a guaranteed return with a low-risk investment? Or are you willing to take on more risk for the possibility of higher returns? Understanding your investment goals will help you determine which investment is suitable.
  2. Research different providers: Insurance companies and banks offer fixed annuities and CDs. Therefore, it’s essential to research different providers to compare interest rates and terms.
  3. Compare interest rates: The interest rate is one of the most important factors when choosing between a fixed annuity and a CD. Compare rates from different providers and choose the best rate for your investment goals.
  4. Consider the length of term: Fixed annuities and CDs both come with a fixed term, so it’s essential to consider the length of the term when making your comparison. A longer-term may offer a higher interest rate, but it also means that you’ll be committed to investing your money for a more extended period.
  5. Tax implications: As mentioned earlier, fixed annuities are tax-deferred, while CDs are not. Consider how taxes affect your returns when comparing Kentucky’s best-fixed annuity and CD rates.

It’s also a good idea to speak with a financial advisor who can help you compare the best-fixed annuity and CD rates in Kentucky and provide personalized advice based on your investment goals and financial situation.

Next Steps

When investing your hard-earned money, it’s essential to research and chooses an option that is right for you. By comparing fixed annuity and CD rates in Kentucky, you can make an informed decision about how to invest and secure your future prosperity. Plus, weighing up the tax implications of each type of investment is essential too. So, if investing in fixed annuities or CDs in Kentucky seems like the best option, why not get in touch with us today for a free quote? We’ll be ready to provide you with the information and secure financial advice you need to make the right decision. Good luck with reaching your goals!

Next Steps

Kentucky has several top-rated annuity and CD providers, so choosing the right one for your needs can be challenging. That’s where we come in! Our team at The Annuity Expert and CD Rates is dedicated to finding you the best rates for your investment. Contact us today for a free quote and see how much you could save. Thanks for reading!

The Best Fixed Annuity And Cd Rates In Kentucky (Ky)

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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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