With the equity market currently as reliable as a broken alarm clock, it’s reassuring to know that high interest annuities still produce a guaranteed rate of return. Often considered the better investment over CDs and other loan-based vehicles, high interest annuities come in all shapes and sizes (variable, fixed and equity-indexed). To compare rates quickly, use our simple online form.

Most annuities with a high interest are variable annuities, but fixed annuities are starting to rise in popularity as well. Variable annuities typically produce rates of around 14 percent. So what’s the main benefit of high interest annuities? Well, on top of growing faster, they also include:

• Income options for a lifetime
• Withdrawal allowances
• Tax-deferral

NOTE:  If you’re deciding between high interest annuities and CDs, keep in mind that CD growth is taxed every year. With the help of the tax-deferral annuity benefit, your annuity’s growth will not be taxed until it’s cashed out.

A Diverse Group of High Interest Annuities

The two most common types of high interest annuities are variable and fixed:

1. Variable. If you’re interested in obtaining an annuity with a high rate, a variable annuity is the key to your lock. Although they are considered riskier since your money goes into an equities portfolio, you benefit from rates of return of 10 to 14 percent.
2. Fixed. When you obtain a fixed annuity, your money is sent into an account by the insurer that sells the annuity. Although you are unaware of the investments that are involved because you do not manage the account, you will be guaranteed a fixed rate of return by the insurer.

To find quality high interest annuities, you will have to do some comparison shopping using our quick online forms located here. While there are many insurance companies who offer a wide array of annuities, only a few have stood the test of time. If you’re on the hunt for fast-growing, tax-deferred annuities, look no further than high interest annuities.