Better Returns
Annuities That Work Harder Than Bank CDs
If your money is sitting in a bank CD earning low, taxable interest, you may have better options.
At Fernandez Financial, we specialize in fixed deferred annuities designed for people who want predictable growth, principal protection, and clarity—without market risk.
These strategies are especially effective for individuals approaching retirement, retirees, and anyone renewing CDs who wants their savings to work harder.
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Understanding Annuities
What Is a Fixed Deferred Annuity?
A fixed deferred annuity is a long-term savings vehicle issued by an insurance company that offers:
- Guaranteed interest rates
- Protection of principal
- Tax-deferred growth
- Predictable, steady returns
Unlike market-based investments, your growth is not tied to the stock market.
Unlike CDs, interest is not taxed each year—allowing your money to compound more efficiently over time.
Comparison
Annuities vs. Bank CDs
Many of our clients come to us when their CDs mature and ask one simple question:
"Is there a better place for this money?"
In many cases, the answer is yes.
Compared to CDs, fixed annuities may offer:
- Tax-deferred growth instead of annual taxation
- Competitive yields over multi-year periods
- Guaranteed rates backed by highly rated insurance carriers
- The Florida Life & Health Insurance Guaranty Association (FLAHIGA) provides coverage for annuities if an insurer is declared insolvent
While CDs are FDIC insured, annuities are backed by the financial strength and claims-paying ability of the issuing insurance company, many of which have been operating for over a century and maintain strong ratings from A.M. Best, Standard & Poor's, and Fitch.
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Current Rates
Today's Featured Annuity Rates
We keep this page updated so you always know the latest numbers
What Affects Your Rate
- Deposit amount
- Product selection
- Current carrier offerings
Multi-Year Guaranteed Annuities
Why Clients Choose MYGs
- Fixed interest rates for a defined period
- Strong first-year crediting opportunities
- Steady returns in subsequent years
- No exposure to market volatility
- Designed to compete directly with CDs
Certain MYG structures also allow penalty-free withdrawals of up to 10% annually, offering flexibility if access to funds is needed.
Timing Matters
Why Locking In Rates Matters
Interest rates move in cycles.
What's available today may not be available tomorrow.
Locking in a fixed annuity rate allows you to:
- Secure predictable growth while rates remain elevated
- Avoid reinvestment risk when CDs renew
- Maintain consistency even if rates decline in the future
This strategy is especially relevant for clients rolling over CDs or repositioning conservative assets.
Is This Right For You?
Who This Is Designed For
Our annuity strategies are often a fit for individuals who:
- Are renewing CDs and want better efficiency
- Prefer stability over speculation
- Want to reduce tax drag on interest income
- Are retired or nearing retirement
- Value clarity, protection, and long-term planning
This is not about chasing returns.
It's about intentional growth and peace of mind.
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