Comparing CDs and Annuities

November 14, 2023 by John Stevenson

Bank certificates of deposit, or CDs, and annuities are two popular and safe investment options that can provide a steady income stream for investors.

Both have advantages and disadvantages that depend on a client’s financial goals, time horizon, and risk tolerance.

Rising interest rates have suddenly made both types of products much more attractive.

Here’s a look at how the products work, along with the typical profiles of clients who tend to benefit the most from each type of product.

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Originally Posted at Think Advisor on November 8, 2023 by John Stevenson.