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  • Writer's pictureBob Brooks

Are You Getting The Best Interest Rates Available?



How do you know if you're getting the best interest rates on your investments? Believe it or not, fixed interest rate annuities are about the best rates you can find.


What is a fixed annuity?


It is a contract that allows you to build growth for a specific time period at a guaranteed rate of return. It acts a lot like a CD. There are minor differences. For instance, one has better tax advantages than the other, while one has better liquidity features. These savings products are the most plain vanilla annuities you can use.


Whether you are considering a CD or a fixed annuity, it is important to make sure it is suitable based primarily on when you might need the money and other liquidity factors.


The rates below represent the best and highest rates according to Annuity Rate Watch from companies that are rated B++ and above in the State of Texas. These rates were run on 2/27/2024. Rates can change at any moment.



# of years rate is locked in                  Rate


2-Year                                              5% guaranteed

3-Year                                              5.3% guaranteed

4-Year                                              5.3% guaranteed

5-Year                                              5.45% guaranteed

7-Year                                              5.55% guaranteed

10-Year                                            5.6% guaranteed


If you would like to know if these rates are suitable for your situation, email us at info@prudentmoney.com



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