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Finding an answer to the CD interest crisis fixed annuity vs. CD’s

Henry Monahan

A co-worker once told me the CD didn’t stand for certificate of deposit anymore, it stood for certificate of disappointment. For the past 7 years, the United States has been in a historically low interest rate environment. For many retirees, who are accustomed to supplementing their income with their certificate of deposit interest, the lower interest rates made it necessary to look elsewhere for safe income while protecting principal. As of April 22, 2016, the most competitive 5-year CD rates were around 2.1% to 2.2%....

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