The Best Fixed Annuity and CD Rates in Oklahoma (June 2024)

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

From the lively buzz of Oklahoma City to the windswept plains, Oklahoma is more than just a beautiful slice of the American Heartland. It’s a region rich with financial opportunities for those keen to capitalize on their savings. This comprehensive guide is your resource to shop and compare Oklahoma’s best current CD rates, banks offering high savings interest rates, and the best interest rates on money market accounts. We’ll also spotlight the interest rates of deferred fixed annuities in this diverse financial landscape. Whether you prefer the complete services of traditional banks, the community-focused offerings of credit unions, or the convenience of online platforms, we aim to help grow your savings. By demystifying interest rates and bringing the best financial products in OK to your fingertips, we are committed to empowering you to bolster your financial future in the Sooner State. So, buckle up and prepare for a deep dive into your prosperous financial journey in Oklahoma!

Our Favorite Rates To Grow Your Money

TermSavings AccountInstitutionAPY
N/AMoney Market AccountHanover Bank5.30%
N/ASavings AccountFVC Bank5.28%
12 MonthsCDBread Savings5.25%
5 YearsFixed AnnuityWichita National6.50%

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 Oklahoma

The best-fixed annuity rates in Oklahoma vary based on the insurance company, the length of the annuity contract, and the type of annuity purchased. As a general rule, longer-term annuities tend to offer higher rates of return, but this is not always the case. When searching for the best-fixed annuity rates in Oklahoma, it’s essential to compare several different insurance companies and their annuity products to find the best option for your needs.

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

The Best CD Rates In Oklahoma

The best CD rates in Oklahoma vary based on the bank, the CD term length, and the deposit amount. As a general rule, longer-term CDs offer higher rates of return, but this is not always the case. When searching for the best CD rates in Oklahoma, it’s essential to compare several different banks and their CD products to find the best option for your needs.

3-Month CD Rates

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

Best 3-Month CD RatesRateTermMinimum
Merrick Bank5.40% APY3 Months$25,000.00
Total Direct Bank5.51% APY3 Months$25,000.00
Banc of California5.34% 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 Airlines5.40% APY6 Months$1,000.00
My eBanc5.51% APY6 Months$50,000.00
Total Direct Bank5.51% APY6 Months$25,00.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
NexBank5.40% APY12 Months$25,000.00
State Bank of Texas5.40% APY12 Months$50,000.00
My eBanc5.41% APY12 Months$50,000.00

2-Year CD Rates

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

Best 2-Year CD RatesRateTermMinimum
Crescent Bank4.90% APY24 Months$1,000.00
Eastman Credit Union5.40% APY24 Months$100,000.00
NexBank4.80% APY24 Months$10,00.00

3-Year CD Rates

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

Best 3-Year CD RatesRateTermMinimum
Credit Human4.65% APY36 Months$500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Crescent Bank4.80% APY36 Months$1,000.00

4-Year CD Rates

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

Best 4-Year CD RatesRateTermMinimum
Eastman Credit Union4.65% APY48 Months$1,000.00
Crescent Bank4.50% APY48 Months$1,000.00
Credit Human4.65% 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
First National Bank of America4.50% APY60 Months$1,000.00
Eastman Credit Union4.75% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00

Comparing Fixed Annuity Interest Rates with CD Interest Rates in Oklahoma

When comparing fixed annuity interest rates with CD interest rates in Oklahoma, there are several factors to consider, including the length of the investment term, the amount of the deposit, and the financial institution’s stability. Additionally, it’s essential to consider the tax implications of each investment option, as annuity interest payments are taxed differently than CD interest payments.

Here are some of the key differences between fixed annuities and CDs:

  • Investment term: Fixed annuities typically have longer investment terms, while CDs have shorter investment terms.
  • Liquidity: Fixed annuities have limited liquidity, meaning investors can withdraw the interest or a certain percentage annually without penalty. CDs, however, are not very liquid, and the investor may have to pay the penalty to withdraw their investment before maturity.
  • Taxation: Annuity interest is tax-deferred, while CD interest is taxed as interest income annually.
  • Flexibility: CDs offer more flexibility in terms of deposit, while fixed annuities are more flexible regarding accessing funds.
  • Financial stability: It’s essential to consider the stability of the financial institution offering the fixed annuity or CD, as well as its credit rating.

How We Can Help

At The Annuity Expert, we understand that finding the right investment can be overwhelming. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we’re dedicated to helping you navigate your options to find the best solutions at the lowest costs.

Your Financial Challenge

The core problem we solve is finding secure and profitable savings solutions tailored to your needs. Many savers struggle with low-interest rates and uncertain financial products, which can lead to anxiety and frustration. We recognize these challenges and are here to offer our expertise.

Our Commitment to You

We believe in transparency, reliability, and personalized service. Our goal is to provide you with the highest quality financial products that ensure your money works as hard as you do.

What We Recommend

Step 1: Initial Consultation

  • First Step: Schedule a free consultation with our experts. During this session, we will understand your financial goals and assess your current investment strategy.
  • Main Benefit: Gain clarity on your financial goals and the best path forward.

Step 2: Personalized Recommendations

  • What We Do: Based on your unique needs, we will provide tailored investment recommendations that offer the best returns and terms.
  • Main Benefit: Receive personalized advice that maximizes your investment potential.

Step 3: Secure Your Investment

  • Final Step: We assist you in opening your chosen investment accounts, ensuring all details are handled smoothly and efficiently.
  • Main Benefit: Secure a high-return investment with confidence, knowing you’ve made an informed decision.

Features and Benefits

  • Expert Advice: Personalized guidance to help you select the best investment options.
  • Updated Rates: Access to the latest and most competitive investment products.
  • Convenience: A wide range of investment options in one place.

Addressing Common Objections

  • Objection: “I’m worried about investment risks.”
    Response: We’ll help you choose a diversified portfolio that matches your risk tolerance and financial goals.
  • Objection: “Investment options seem too complex.”
    Response: Our experts simplify the process, providing clear and concise recommendations tailored to your needs.

Without our guidance, you might miss out on the best investment options and returns, potentially impacting your financial growth and stability.

By working with us, you’ll enjoy higher returns on your investments, peace of mind from secure financial products, and the confidence that comes with expert financial advice.

Imagine the relief and satisfaction of knowing your investments are growing efficiently and securely. Our tailored approach ensures you feel valued, supported, and confident in your financial future.

For free advice or a personalized quote, contact The Annuity Expert. Let us help you secure the best investment options and achieve your financial goals.

The Best Fixed Annuity And Cd Rates In Oklahoma (Ok)

Request A Quote

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us
First
Last

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

Scroll to Top