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

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Welcome to our in-depth guide for savvy savers and investors in the vibrant and diverse state of Louisiana (LA). Whether you are nestled in the jazz-filled streets of New Orleans or the capital city of Baton Rouge, this guide will be a reliable tool in your quest to grow your money. We aim to help you navigate the financial landscape by pointing out the banks with the highest CD rates, the most competitive savings interest rates, and the highest interest rates on money market accounts. In addition, we’ll explore the fixed annuity rates offered by banks and credit unions. The quest for financial growth often begins online, and this guide will help you make the most of the tools at your disposal, focusing on where to find the best interest rates. It’s time to capitalize on Louisiana’s offerings to secure a prosperous financial future. Let’s embark on this financial journey together!

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 Louisiana

Fixed annuities are a type of insurance contract between you and an insurance company. You make a lump sum payment, and in return, the insurance company agrees to make regular payments to you for a specified period or the rest of your life.

When it comes to finding the best-fixed annuity rates in Louisiana, it’s essential to consider the following factors:

  • The financial stability of the insurance company
  • The type of annuity
  • The length of the annuity term
  • The rate of return offered

Here are some of the best-fixed annuity rates in Louisiana:

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

The Best CD Rates In Louisiana

Certificates of deposit (CDs) are low-risk investment options banks and credit unions offer. With a CD, you deposit a lump sum for a specified term, usually six months to five years. In return, the bank or credit union agrees to pay you a fixed interest rate for the CD term.

When it comes to finding the best CD rates in Louisiana, it’s essential to consider the following factors:

  • The financial stability of the bank or credit union
  • The length of the CD term
  • The rate of return offered

Here are some of the best CD rates in Louisiana:

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

Next Steps

All in all, the task of finding the best-fixed annuity and CD rates in Louisiana can be a daunting one. But with this guide, you can confidently compare different banking options and make an informed decision that makes sense for your current lifestyle and long-term goals. In addition, we hope that this guide has helped you understand more about fixed annuities and CDs and how to compare them.

If you still have questions or want more information, our experienced financial professionals can answer any queries. So don’t hesitate to contact us today for a quote; together, we can ensure you get the best returns on your investment for many years.

The Best Fixed Annuity And Cd Rates In Louisiana (La)

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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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