Tag Archives: annuity

Which Mounted Indexed Annuity Is Finest?

The Federal Reserve has cut interest rates 9 instances this 12 months (the final time was on October 2), and many people are watching as the interest we receive on our passbook financial savings accounts dwindles to virtually nothing. This relationship money market account gives the identical options as Platinum Money Market, but with our increased Platinum Plus rates. Traditionally, CDs, cash markets, and bonds fit the bill, capable of trickling good points that will not be a fast monitor to wealth, yet still provide consistent returns.

However, if you happen to don’t need that level of speedy access to your deposit, chances are you’ll find yourself finding better rates on your steadiness level with common online savings accounts. Though seasoned buyers won’t blink an eye earlier than placing their money into an money market fund, here’s another cautionary tale for example how MMFs are different than MMAs. Banks like MMAs as a result of, unlike personal financial savings accounts, they can make investments that money in different low-threat locations together with certificates of deposit …