Change is Hard!

If you are like most of the individuals we work with, you’ve had bank certificates of deposits for years-and-years.  Even with bank interest rates as low as they are, you are very reluctant to make a change to something you aren’t familiar with, or even worse, may have heard some negative things about.


It is hard to leave the known (bank CD) for the unknown (fixed annuity). Particularly hard is that you are very, very familiar with FDIC (Federal Deposit Insurance Corporation), but don’t have a clue as to what make the fixed annuity guaranteed and secure.

As far as interest rates are concerned, depending on where you go, you can be quoted as low as .25% APY for a 1 year CD to 1.2% APY on a 5 year CD. If you are absolutely not going to leave the realm of the bank CD, then we suggest there are large National banks nearby that pay as much as 1.2% APY on the 1 year and as much as 1.85% APY on the 5 year.  Better than that, you can find Credit Unions and Internet banks that’ll get you up to 1.35% APY on the 1 year, and just over 2% APY.


It is our belief you should take the time to download our free report to see the withdrawal, tax, and interest rate advantages of the CD-Type Fixed Annuity.  You’ll also discover what makes them guaranteed and secure.


With interest rates at historical lows and your need for current or future income only getting greater, the CD-Typed Fixed Annuity is worth a second look, and yes deserving of your consideration to make a change.


It is important to note that we are brokers, represent more than 50 insurance companies, and our focus is to provide you the highest interest rates available.  Further, we only work with individuals face-to-face (in our office or at your home), and all applications and checks are written to the annuity company provider.

Author: David Winer

David Winer is the President and principal planner at Elders Financial LLC. He entered the field of financial services in 1988. He has an undergraduate degree in Sociology and an MS in Marketing. David has more than 28 years insurance, 22 years retirement planning, and eight years securities experience. He completed Certified Financial Planning courses at PDI Institute, Dallas, Texas. Since 1994, David has focused on providing a financially conservative, reduced risk approach to his clients. Emphasis is given to investment safety, liquidity, and potential tax reduction. David was born and raised in Wisconsin, and has made his home in Plano, Texas with wife and family since 1981.

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