5 Year Rate 5.10% Guaranteed

new higher rate on 5 yr MYGA

brand new higher rate has been released for 5 year single premium deferred annuity. Current best rate available. Year one to year five guarantee rate 5.10 %. This is a tax deferred product so you get no 1099 form until you begin to withdraw money.

Understand that the rate is subject to change until policy is written. Rate usually change once a month but may occasionally change more often.

How does this compare to national bank CD rates. I checked Bankrate.com today and found the national overnight rate on a 5 yr CD was 4.16% and for a 5 Year IRA CD the rate is 3.91%. The 5 year CD non IRA rates are taxable rates and you get a 1099 form for this years taxes. The annuity rates are almost 20% higher than the regular Bank CD rate and 30% higher than the Bank IRA CD rate. Why would anyone ever go to the bank for one??? We can get you the same rate on qualified (IRA money) and non qualified money.

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