The Best Fixed Annuity and CD Rates in Wisconsin (April 2024)

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Navigating Wisconsin’s financial landscape, from the vibrant city life of Milwaukee to the bustling political hub of Madison, presents many opportunities to grow your savings. This comparison is designed as your guide, helping you shop and compare the high CD rates, best savings rates, money market account rates, and current fixed annuity rates available across Badger State. Whether your financial dealings are with well-established banks, community-focused credit unions, or the modern convenience of online platforms, we are here to assist you in your journey. We aim to demystify the diverse financial opportunities in WI and equip you with the necessary knowledge to maximize your financial growth. With this guide, understanding and leveraging Wisconsin’s interest rates will become less of a challenge and more of a rewarding adventure.

The Best Rates To Grow Your Money

TermInsurance CompanyAPY
N/AMoney Market Account – Ponce Bank5.26%
N/AMoney Market Account – UNCLE Credit Union5.26%
N/ASavings Account – DR Bank5.26%
12 MonthsCD – Bread Savings5.25%
5 YearsAnnuity – Wichita National6.30%
*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.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings, ranging from 3 months to 5 years, all in one place.

The Best Fixed Annuity Rates In Wisconsin

A fixed annuity is a type of insurance contract that pays a guaranteed rate of return on your investment. Unlike other types of investments, fixed annuities are not directly linked to the stock market, so you don’t have to worry about fluctuations in the market affecting your returns. Instead, you receive a fixed rate of return over the contract’s life, usually several years.

Some of the benefits of investing in a fixed annuity include the following:

  • Guaranteed returns: You can be sure that you’ll receive a set rate of return on your investment, regardless of market conditions.
  • Tax-deferred growth: Your earnings grow tax-free until you withdraw them, which can help you save more over time.
  • Safety: Fixed annuities are backed by insurance companies, so you don’t have to worry about losing your investment.

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

Finding the Best Fixed Annuity Rates in Wisconsin

When shopping for a fixed annuity, comparing rates from multiple companies is crucial to find the best deal. Some of the factors that can affect the rate of return on a fixed annuity include:

  • The length of the contract: The longer the contract, the higher the rate of return is likely to be.
  • The age of the investor: Older investors may be eligible for higher rates than younger investors.
  • The investment size: The more you invest, the higher the return rate is likely.

To find the best-fixed annuity rates in Wisconsin, you can check with local insurance companies and banks or compare rates online. Working with a financial advisor who can help you choose the right investment option for your needs is also a good idea.

The Best CD Rates In Wisconsin

A certificate of deposit (CD) is a type of savings account that pays a fixed rate of return for a fixed period. CDs offer low-risk and guaranteed returns like a fixed annuity, making them an attractive choice for many savers. Some of the benefits of investing in a CD include the following:

  • Guaranteed returns: You can be sure that you’ll receive a set rate of return on your investment, regardless of market conditions.
  • Safety: CDs are backed by FDIC insurance, so you don’t have to worry about losing money.
  • Flexibility: You can choose a CD with a term that best fits your savings goals, whether a short-term or long-term investment.

3-Month CD Rates

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

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.35% APY3 Months$1.00
Total Direct Bank5.42% APY3 Months$25,000.00
Western Alliance Bank5.26% 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 Airlines Federal Credit Union5.50% APY6 Months$1,000.00
My eBanc5.49% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
Broadway Bank5.60% APY12 Months$500,000.00
Nex Bank5.40% APY12 Months$25,000.00
Apple Federal Credit Union5.40% APY12 Months$500.00

2-Year CD Rates

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

Best 2-Year CD RatesRateTermMinimum
Mountain Credit Union5.00% APY24 Months$2,500.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Credit Human4.75% APY24 Months$500.00

3-Year CD Rates

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

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union4.58% APY36 Months$100,000.00

4-Year CD Rates

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

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.15% 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
Quontic4.30% APY60 Months$500.00
Lafayette Federal Credit Union4.37% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In Wisconsin

Finding the Best CD Rates in Wisconsin

When shopping for a CD, comparing rates from multiple banks is crucial to find the best deal. Some of the factors that can affect the rate of return on a CD include:

  • The length of the term: The longer the term, the higher the rate of return is likely to be.
  • The size of the deposit: The more you deposit, the higher the return rate is likely. You can check with local banks or compare rates online to find the best CD rates in Wisconsin.

Next Steps

For residents of Wisconsin looking for a safe and reliable way to boost their savings, investing in a fixed annuity or CD can be a great way to go. Both options offer secure guarantees, low risk, and attractive rates. After examining Wisconsin’s best-fixed annuities and CD rates in this guide, we hope you feel more prepared to make an informed decision about which option may be best for you. Whether you’re looking to build short-term savings for an upcoming purchase or long-term savings for retirement, either of these options could be the answer.

If you want help figuring out the right solution for your individual needs, we would be happy to help – contact us for a quote. Thanks again for reading our guide – we wish you luck with building your nest egg!

The Best Fixed Annuity And Cd Rates In Wisconsin (Wi)

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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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