The Best Fixed Annuity and CD Rates in Washington (March 2023)

Shawn Plummer

CEO, The Annuity Expert

When investing your hard-earned money, it’s essential to make informed decisions. However, with so many available options, it can be overwhelming to determine which investment vehicles best suit your financial goals. This guide will compare the best-fixed annuity and CD rates in Washington to help you make an informed decision about your investment options.

Earn The Highest Interest Rates On Savings Today

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

TermInsurance CompanyInterest Rate
N/AUFB Bank Savings Account5.02%
N/AUFB Bank Money Market5.02%
12 MonthsWestern Alliance Bank CD5.01%
36 MonthsOceanview Fixed Annuity5.00%
48 MonthsAmerico Fixed Annuity5.05%
5 YearsAspida Fixed Annuity5.50%
6 YearsAmerican National Fixed Annuity5.45%
10 YearsAmerican National Fixed Annuity5.45%
*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 article.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

What Are Fixed Annuities And CD Rates?

Fixed annuities and CD rates are two popular investment options that offer a fixed rate of return. Fixed annuities are insurance products that guarantee a fixed rate of return over a specified period, while CD rates are interest-bearing deposits with a fixed term and interest rate. Both options provide a low-risk investment opportunity, making them ideal for those seeking stability and security in their investments.

How Do Fixed Annuities And CD Rates Compare?

When comparing fixed annuities and CD rates, several key factors include the term length, interest rate, and the type of interest rate offered. For example, fixed annuities typically offer a longer term, while CD rates are shorter. Additionally, fixed annuities typically offer a higher interest rate than CD rates, although the exact amount will depend on the specific product and the current interest rate environment.

Advantages And Disadvantages Of Fixed Annuities And CD Rates

Both fixed annuities and CD rates have their unique advantages and disadvantages. Fixed annuities offer a guaranteed return and a longer-term rate, making them an ideal choice for stability and security in their investments. On the other hand, CD rates offer a lower rate of return but more flexibility and liquidity, making them ideal for those looking for short-term investments or who may need access to their funds sooner.

The Best Fixed Annuity Rates In Washington

Fixed annuities are insurance products that offer a predetermined rate of return for an agreed-upon period, ensuring stability and reliability.

The Best CD Rates In Washington

Certificates of Deposit (CDs) are a safe, interest-accruing investment with a pre-agreed term and rate.

Next Steps

When investing your money, making the right decision is essential. If you live in Washington, you can compare the rates offered by fixed annuities and CDs to make an informed decision. Ultimately, the decision is up to you and what fits your individual goals. It’s also important to remember that with different investments come different risks. Make sure you understand all the potential risks associated with each investment to make a confident decision.

We at The Annuity Expert are happy to help you along your investment journey. Our team offers professional assistance and can provide you with a personalized quote tailored to your financial goals. Contact us today for more details—we’re always here to help!

The Best Fixed Annuity And Cd Rates In Washington State (Wa)

Request A Quote

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

Contact Us

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. 

Scroll to Top