For a limited time, Fidelity & Guaranty Life is increasing the initial interest rate for new contracts on the FG Guarantee-Platinum® 5, a single premium fixed deferred annuity. The interest rate is now 3% on new annuities with a minimum deposit of $20,000. This interest rate applies to annuities issued on or after November 30, 2015 and is only valid for the first five contract years. This rate increase is also subject to change at any time.
“In the current interest rate environment where other fixed interest financial solutions are hovering around plus or minus 1%, a 5 year – 3% Fixed Annuity is worth exploring,” said David Lee, Founder of Mach 1 Financial Group. “It might also be compelling if you have additional cash on hand you do not need immediate access to. With certain Canadian Financial Institutions considering negative interest rates, like some firms in Europe have already instituted for certain deposits, a 3% annual interest rate might be attractive in the near term.”
Guggenheim Life and Annuity Company is also currently offering anywhere from 2% to 3.2% rates on the Preserve Multi-Year Fixed Annuity depending on which contract term option is chosen. Multiple fixed rate periods ranging from three years to ten years are offered to align with your specific needs.
Want to learn more about the options available to you regarding fixed-rate annuities? Contact the Mach 1 Financial Group office at (479) 876-2100 or fill out this form for a free consultation: https://mach-1financial.com/products-and-services/free-consultation/
Any guarantees mentioned are backed by the financial strength and claims paying ability of the issuing insurance company and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract.