Turned off by Low CD Rates? Consider a Fixed Annuity

December 8, 2020 by Ken Nuss

Rates on bank certificates of deposit are dismal. The best you can do as of early November 2020 is a mere 0.65% for a one-year CD, 0.85% for a three-year CD, and 1.00% for a five-year certificate, according to Bankrate.com.

While you’re certain to get your money back, because CDs are insured by the FDIC, you’re also virtually certain to lose money after inflation and taxes.

Click HERE to read the full story via Kiplinger

Originally Posted at Kiplinger on November 27, 2020 by Ken Nuss.