Is the money in your savings account or CD earning a low interest - maybe 0.5%?
Are you frustrated at the low interest, but you don't want to risk placing any of the money into the stock market?
What if that money could earn a 3.00% interest rate that's contractually guaranteed for
Check out the rates above - they're available, starting May 26th.
You can see for yourself the rates for other deposit amounts.
In every instance, whether you have a 3.00% rate, a 2.60% rate or a 2.15% rate, your money will be earning a higher interest every year for the next 5 yrs than it is right now, and it will be growing tax-deferred.
Compare the annual interest $100,000 currently is earning versus the annual interest it would earn for the next 5 yrs with a 5 yr MYGA:
x 0.50% x3 .00%
$500 interest/yr $3,000 interest/yr
What's a MYGA (Multi-Year Guaranteed Annuity), you ask?
Check out this video:
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