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

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

When investing your hard-earned money, it can be challenging to determine which option is best for you. Fixed annuities and certificates of deposit (CDs) are two popular investment options that offer fixed income. However, each has its own set of benefits and drawbacks. This guide will compare the best-fixed annuity interest rates with the best CD interest rates in Oregon to help you make an informed investment decision.

Our Favorite Rates To Grow Your Money

TermSavings AccountInstitutionAPY
N/AMoney Market AccountHanover Bank5.27%
N/ASavings AccountGreenwood Credit Union5.27%
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 Oregon

Fixed annuities are insurance products that provide a guaranteed income stream for a specific period. In exchange for a lump sum payment, the insurance company guarantees to pay a fixed interest rate for the length of the annuity contract. The fixed interest rate is usually higher than traditional savings accounts, making fixed annuities an attractive option for those looking for a secure source of income.

Advantages of Fixed Annuity Interest Rates in Oregon

  • Guaranteed income: Fixed annuities offer a guaranteed stream of income (optional), which can provide peace of mind for those looking to secure their financial future.
  • Tax benefits: Fixed annuities offer tax-deferred growth, meaning that the interest earned is not taxed until it is withdrawn. This can result in a higher return on investment over time.
  • Safety: Fixed annuities are insured by the state, providing an added layer of protection for your investment.

Disadvantages of Fixed Annuity Interest Rates in Oregon

  • Limited liquidity: Fixed annuities have limited liquidity, meaning that you may have to pay the penalty to withdraw your funds (above a penalty-free withdrawal) before the end of the annuity contract.
  • Long-term commitment: Fixed annuities require a long-term commitment, which can be a drawback for those who prefer more flexibility in their investments.

Best CD Rates In Oregon

Certificates of deposit (CDs) are savings products banks and credit unions offer. They offer a fixed interest rate for a specific period, typically one month to five years. CDs are considered a low-risk investment option, as the interest rate is guaranteed for the length of the CD term.

Advantages of CD Interest Rates in Oregon

  • guaranteed interest rate: CDs offer a guaranteed interest rate, which provides stability and predictability for your investment.
  • FDIC insured: CDs are insured by the Federal Deposit Insurance Corporation (FDIC), providing added protection for your investment.
  • Short-term investment option: CDs offer a short-term investment option, making them a good choice for those who prefer a more flexible investment strategy.

Disadvantages of CD Interest Rates in Oregon

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 investment solutions tailored to your needs. Many investors 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.

The Best Fixed Annuity And Cd Rates In Oregon (Or)

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.

Contact Us Today

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.

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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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