Are you looking for a safe and reliable way to grow your savings in Wisconsin? If so, you may consider investing in a fixed annuity or a certificate of deposit (CD). These investment options offer guaranteed returns and low risk, making them an attractive choice for many savers. In this guide, we’ll explore the best-fixed annuity and CD rates in Wisconsin and help you understand the pros and cons of each option.
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.
| Term | Insurance Company | Interest Rate |
|---|---|---|
| N/A | UFB Bank Savings Account | 5.02% |
| N/A | UFB Bank Money Market | 5.02% |
| 12 Months | Western Alliance Bank CD | 5.01% |
| 36 Months | Oceanview Fixed Annuity | 5.00% |
| 48 Months | Americo Fixed Annuity | 5.05% |
| 5 Years | Aspida Fixed Annuity | 5.50% |
| 6 Years | American National Fixed Annuity | 5.45% |
| 10 Years | American National Fixed Annuity | 5.45% |
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.
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.
Finding the Best Fixed Annuity Rates in Wisconsin
When shopping for a fixed annuity, it’s crucial to compare rates from multiple companies 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 size of the investment: 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. It’s also a good idea to work with a financial advisor who can help you choose the right investment option for your needs.
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 your money.
- Flexibility: You can choose a CD with a term that best fits your savings goals, whether a short-term or long-term investment.
Finding the Best CD Rates in Wisconsin
When shopping for a CD, it’s crucial to compare rates from multiple banks 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. To find the best CD rates in Wisconsin, you can check with local banks or compare rates online.
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 the best-fixed annuities and CD rates in Wisconsin 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 taking the time to read our guide – we wish you luck with building your nest egg!
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Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.