The Best Fixed Annuity and CD Rates in Oregon (September 2023)

Shawn Plummer

CEO, The Annuity Expert

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.

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Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.60%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*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 guide.

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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  • Tax benefits: Fixed annuities offer tax-deferred growth, meaning that the interest earned is not taxed until it is withdrawn.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

Next Steps

In conclusion, selecting the right fixed annuity or certificate of deposit can be daunting. That is why it is essential to research and compare the best-fixed annuity interest rates with the best CD interest rates in Oregon. Doing so will help ensure you make an informed decision when investing your hard-earned money.

If you need further assistance finding suitable options for your interests, our financial advisors are ready to answer any questions and advise on which plan might work best for you. With their expertise, we’re sure you’ll find the best option for your needs. Plus, with competitive rates and flexible terms available, we can help make sure that whatever plan you choose fits within your budget. So what are you waiting for? Contact us today for a free quote!

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

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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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