Compare the Best 240-month CD Rates Online.
When searching for the best 20-year CD rates, it’s essential to know that traditional 20-year certificates of deposit aren’t available from banks or credit unions. Instead, you can explore a unique alternative: 20-year CD annuities, also known as multi-year guaranteed annuities (MYGAs). These annuities can offer significantly higher interest rates and greater flexibility, especially if you’re age 60 or saving for retirement. Consider a CD annuity if you want to grow your savings with a fixed interest rate and added liquidity options.
The following table displays the best interest rates from insurance companies.
Why Consider a 20-Year CD Annuity?
CD annuities are designed to offer the same secure growth as traditional CDs but often provide more competitive interest rates over a long period, particularly helpful for retirement planning. At The Annuity Expert, we prioritize finding the best rates for your savings, ensuring you have access to a tailored solution that can help achieve your financial goals. Here’s how a 20-year CD annuity can benefit you:
- Higher Interest Rates: MYGAs frequently offer better interest rates than conventional CDs.
- Added Liquidity: Unlike standard CDs, MYGAs may provide partial liquidity options.
- Tax-Deferred Growth: For retirement-focused savers, earnings in CD annuities grow tax-deferred, allowing your savings to accumulate faster.
- Expert Comparison: With over 18 years in retirement planning, The Annuity Expert offers side-by-side comparisons of top providers, ensuring you find the best solution.
What We Do for You
As a broker, we don’t offer one CD—we offer every CD worth considering. We compare the most competitive 20-year certificate of deposit (CD) rates across:
- National and regional banks
- Credit unions (often with better-than-average yields)
- CD-style annuities offering guaranteed returns up to 5.50%+ annually*
You get unbiased comparisons, transparent terms, and professional guidance—at no cost to you.
Why a 20-Year CD?
A 20-year CD is best for savers who want:
- Long-term, guaranteed returns
- No market volatility
- A predictable financial outcome for future needs (retirement, legacy planning, college funds)
But not all 20-year CDs are equal. Some offer higher rates with stricter terms, while others offer flexibility with slightly lower returns. We help you strike the right balance.
CD vs. Annuity: Which Pays More?
If your goal is income or maximum growth, 20-year annuities often outperform traditional CDs. A multi-year guaranteed annuity (MYGA) or fixed index annuity can offer:
✔ Tax-deferred compounding
✔ Higher interest than banks
✔ Income payout options
✔ Death benefit protection
Fund your annuity using:
- Cash savings
- IRA or Roth IRA rollovers
- 401(k) rollovers
- CDs that are maturing
We’ll help you compare both side-by-side.
Who Should Use a 20-Year CD?
✔ Good Fit:
- Conservative investors looking for stable, long-term growth
- Pre-retirees planning 15–20 years ahead
- Parents or grandparents saving for future generational gifts
- Anyone with excess cash or CDs rolling over and no need for early access
✘ Not Ideal If You:
- Need liquidity within 10 years
- Want inflation-protected or market-based returns
- Expect to use the funds before the CD matures
In those cases, we’ll suggest a flexible alternative, such as a shorter-term MYGA or annuity with penalty-free access options.
Our Solutions Include:
- ✔ 20-year bank CD rate comparisons (daily updated)
- ✔ Insurance-based CD annuities with higher fixed interest
- ✔ IRA-compatible options for tax-deferred growth
- ✔ Penalty-free withdrawal strategies when flexibility is required
Our Commitment to You
At The Annuity Expert, we aim to help you find the best CD rates to grow your savings confidently. Our advisors and brokers are dedicated to getting you the highest rates, allowing you to shop with ease and no obligation before you buy.
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