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CD Type Annuities....Alternatives to bank certificates of deposits, money market and passbook savings accounts.

CD type annuities are excellent alternatives to low yielding certificates of deposits, money market and passbook savings accounts. The CD type annuity offers an interest rate that is guaranteed for the full term and usually offers an opportunity to renew at the end of the term. CD type annuities offer rates that are guaranteed for the full term, similar to bank cds. The principal investment is guaranteed for the full term as well as the stated interest rate. When comparing rates of cd type annuities be sure to closely match the rate of the annuity with the rate of the low yielding bank cd to see the greatest benefit of using the cd type annuity. The cd type annuity may also provide income options that are not available with traditional bank cds. Cd type annuities provide systematic withdrawal of interest as well as many other income payment options that are very flexible .Income options may include payments from the cd type annuity on monthly, quarterly semi-annual and annual basis. Survivorship options with cd type annuities provide for the payment of principal and interest to named beneficiaries as well.

CD Type Annuity Rates 

• Three years @ 4.8% year one, 3.8% years 2-3%

• Four years @ 4.4%

• Five years @ 5%

• Six years @ 5.10%

• Seven years @ 5.15%

• Eight years @ 5.3%

• Nine years @ 5.35%

• Ten years @ 5.4%

American National

• 4.6% guaranteed year one and 3.6% years two through ten.

• 5.55% guaranteed year one and 3.55% years two through nine. 

• 4.1%guaranteed for eight years.

• 4.8% year one and 3.8% years two through seven. 

• 4.1% guaranteed for six years.

• 4.35% year one and 3.35% years two through five.

***Subtract one basis point for  investments less than $100k.***Multiple terms make this product an excellent choice for investors seeking an alternative to five year cds with low yields.

Fidelity Platinum annuity

• 3.6% for five years.

• 3.9% for seven years.

• 4.5% for ten years.

Fidelity Platinum Plus  annuity 

• Five Year-- 4.5% year one, 3.5% years two through five.

• 5.50% year one and 4.50% years two through ten.

Interest is available after 30 days cumulative. Waivers for terminal illness, nursing home, unemployment. Minimum initial investment is $2000 for individual retirement accounts and $10,000 for regular accounts. Surrender charges are 5 years @ 9,8,7,6,5.

Jefferson Pilot Classic 5

Current interest rate is 5.15% in year one and 3.15% in years two through five. Free withdrawals of 10% after year one. Minimum initial investment is $10,000. Short surrender period of 6 years @ 8,8,7,6,5,4. Minimum guaranteed interest rate is 3%.

Jefferson Pilot Classic 7

Current interest rate is 6.25% in year one and 3.25% in years two through seven. Free withdrawals of 10% after year one. Minimum initial investment is $10,000. Short seven year surrender period. Minimum guaranteed interest rate is 3%.

Midland Life Leader  annuity

6.7% first year rate, 3.7% years two through five.

Midland Life Guarantee Plus annuity

• 4.9% guaranteed for 5 years

• 5.10% guaranteed for 7 years.

• 5.15% guaranteed for nine years.

This Midland cd type annuity is an excellent product for investors interested in having a choice of terms available to meet very specific goals and objectives.

Physicians Life Vista Custom annuity 

• 5.15% year one and 3.15% years two and three

• 5.35% year one and 3.35% years two through four

• 6.05% year one and 4.05% years two through eight

• 4.15% for nine years

Presidential Secure 4 annuity

• 3.60% guaranteed for four years. 

• 3.85% guaranteed for five years

Excellent cd type annuity for investors seeking a short term with a high guaranteed yield. Free withdrawals of 10% after year one. Minimum initial investment of $5,000 for individual retirement accounts and regular accounts. Surrender charges of four years @ 7,6,5,4.

Presidential Secure 6 annuity

• 4.05% for all six years. 

Free withdrawals of 10% per year. Interest only after 30 days. Minimum initial investment is $5000. Surrender charge is 6 years @ 7,7,7,6,5,4. 

Standard Life

• 4.4% guaranteed for six years.

USG MultiSet Plus Guarantee annuity

• 10 year option has a first year rate of 6% and 4% for years 2 through 10.

•  7 year option has a first year rate of 4.85% and 3.85% thereafter.

•  It also offers a rate of 3.30% for 5 years.

The minimum initial investment with the product is $15,000.

Key Benefits of CD Type Annuities include:

• Certificate of deposit and money market alternative
• Safety of Principal
• Competitive rates of interest
• Ideal for retirees and individuals beginning to position themselves for retirement.