A few weeks ago, I was sitting at the airport waiting for my flight and I was reading an article on my phone about whether the bull market is coming to an end and the resulting impact to the economy. I know, thrilling spine-tingling reading. Anyway, what interested me was the chart following the article showing average savings rates across the country. Here are some highlights:
Money Market Account with $10,000 or more—0.25%
Money Market Account with $50,000 or more—0.38%
I point this out because in case you weren’t aware, the PFA Legacy Annuity is paying up to 4.25% right now. We are offering a one-year bonus of 1.25% on new annuities with a deposit of $10,000 or more through the end of the year. Our rates are significantly higher than any of the rates I saw in the chart. What is the interest on your savings today?
While the PFA annuity has a longer surrender penalty period than the CD (nine years vs. five), another important factor to consider is that if rates do increase in the future, the rate on your PFA annuity will most likely rise as well. Our rates are not locked in like they are with CDs. That 1.5% for the five-year CD is the best you will get for the next five years.
Bottom line—if you are looking for a way to get the most out of your money in this low-interest rate market, I suggest you consider a PFA annuity now. An annuity might not be the right solution for you as everyone’s personal and financial situation is unique. There is only one way to find out. Give our National Sales Director John Denning a call (800-535-2071) or send an email (email@example.com) to learn all the details and let us help you find the best solution for your financial future.