Fixed annuity yields at banks plunge in October

October 18, 2013 by Maria Wood

October was a cruel month for banks selling fixed annuities. The most recent compilation from Kehrer Saltzman & Associates’s Fixed Annuity Yield Trend Report disclosed that the average yield of a fixed-rate annuity sold through banks tumbled 11 basis points to 1.88 percent in October.

That drop off represents a significant reversal from the rise registered in the previous four consecutive months, culminating in the 1.99 percent average annual yield recorded in September. Click here to read…

Originally Posted at LifeHealthPro on October 18, 2013 by Maria Wood.