There are two things that insurance companies primarily look at when it comes to adjusting interest rates:
- The Ten (10) Year Treasury
- The Fed Fund Rate
In recent weeks the 10 Year Treasury has gone from 1.60% up to a close of 2.60% on December 19, 2016. The Fed Fund Rate on December 14 gained 25 basis points (.25%).
Both the Treasury and Fed rates indicate that the rates you see on, www.uscdrates.com, should be heading up. Already seeing slight improvement, but I think things will really begin to break loose in early January and continue to rise in February and March if the Treasury rate holds near its’ current level.
If you do have a concern about protecting your funds and getting a yield that’s better than the bank, please explore the CD-type annuity that’s discussed on this web site, www.uscdrates.com.
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.