The Best Fixed Annuity and CD Rates in Washington D.C. (September 2023)

Shawn Plummer

CEO, The Annuity Expert

There are numerous options to choose from when it comes to saving and investing. Two popular options are fixed annuities and CDs (Certificates of Deposit). Both offer a fixed rate of return and a principal guarantee, making them attractive options for those seeking stability and security in their investments. In this guide, we’ll compare the best-fixed annuity and CD rates in Washington D.C., to help you make an informed 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 CD5.50%
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 Washington D.C.

Fixed annuities are a type of investment product that offers a guaranteed rate of return. They are similar to CDs in that they provide a fixed rate of return but offer additional benefits such as tax-deferred growth and the potential for higher returns.

When shopping for a fixed annuity in Washington D.C., it’s essential to consider the following factors:

The Best CD Rates in Washington D.C.

CDs, or Certificates of Deposit, are another popular investment option. They offer a fixed rate of return over a specified term and are FDIC insured, making them a safe and secure option for your savings.

When shopping for a CD in Washington D.C., it’s essential to consider the following factors:

  • The guaranteed rate of return
  • Length of the CD term
  • FDIC insurance
  • Early withdrawal penalties

Comparing Fixed Annuities and CDs in Washington D.C.

So, how do fixed annuities and CDs compare in Washington D.C.? Here are some key differences to consider:

  • The guaranteed rate of return: Both fixed annuities and CDs offer a guaranteed rate, but fixed annuities may offer a higher rate due to their tax-deferred growth.
  • Length of term: Fixed annuities typically have longer terms than CDs, with some annuities offering terms of 20 or more years. CDs typically have terms ranging from 6 months to 5 years.
  • Liquidity: CDs offer more liquidity than fixed annuities, as they can be cashed in before the end of the term without penalty. Fixed annuities may have surrender charges if cashed in before the end of the term.
  • Tax benefits: Fixed annuities offer tax-deferred growth, which means you won’t pay taxes on your investment earnings until you withdraw the funds. CDs are taxed annually on the interest earned.

Next Steps

All in all, fixed annuities and CDs are great options for those seeking stability and security in their investments. The best rate for you will depend on various factors – such as your risk tolerance, desired return on investment, and the amount you are willing to invest. In this guide, we provided an overview of the best-fixed annuity and CD rates available in Washington D.C. so that you can make an informed decision regarding investing your money. Whether you save with fixed annuities or CDs, it is essential to remember that all investments carry some risk.

Please be sure to speak with a qualified financial advisor before making any financial decisions. We wish you all the best in your savings venture and invite you to contact us today for a quote. Thank you for taking the time to read this guide!

The Best Fixed Annuity Rates In Washington D.c. The Best Cd Rates In Washington D.c.

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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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