Facing our World economics's crisis, a lots of peoples be more be careful for investment. Money to be save if saving in bank, this will the common answer from us. However, local banking and insurer's company also offer Annuity term saving account with higher interest rates return to who save money with this Annuity account and get a free health insurance coverage.
Current High Yielding Annuity Interest Rates
The Federal Reserve recently lowered key interest rates in order to battle the current credit crisis. This is not good news for bank investors who have relied on certificates of deposit and money market savings accounts to save and/or generate income. When inflation is factored in, most bank instruments returns are at historical lows. Additionally, the volatility in the stock and bond markets is not a suitable alternative for most conservative investors.
That leaves many savers asking where they can find guaranteed, safe and insured high returns. The answer may be surprising. It is the best kept secret that most bank employees and stock brokers hope remains undiscovered.
Fixed Rate Annuity Accounts
Fixed rate, high yielding annuity accounts are by far one of the best savings vehicles available to investors today. These insured accounts can generate guaranteed monthly income that far surpasses bank c.d.'s while avoiding the risk of the overall markets.
As of early November 2008, our most popular five year annuity yields 5.65% and our most popular six year annuity yields 6.00%. These rates are guaranteed for the life of the contract. Of course, there are other term options that usually range from 3 to 10 years. Generally, the longer the term - the higher the yield.
In Malaysia, Great Eastern Life Assurance And OCBE Company offer an Annuity saving account that up to 7.5%. If you are interesting, please do find your financial or insurance agent for better understanding about this annuity return.
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