Earn More Guaranteed Interest
Simple Annuity pays 5.25% for 4-year and 5.50% for 6-year vs. National Average 5-year CD rate of 1.18%**
Multi-Year Guaranteed Annuity (MYGA’s) are one of the best places to preserve and grow your money relative to similar alternatives. They offer these features:
- Earn interest at a guaranteed rate
- Backed by the financial strength of the issuing company
- Have higher interest rates than most CDs*
- Allow for tax deferral
You can get a MYGA yielding significantly more than a more traditional guaranteed investment.
-David Blanchett, Managing Director, Head of Retirement Research, DC Solutions
ALEX.fyi curates competitive annuity offerings
Presenting Nassau Simple Annuity
Competitive rates and fast application process
Nassau’s Multi-Year Guaranteed Annuity (MYGA) application
The CD and money market rate information above is obtained from the listed institution’s public websites and is current as of the date indicated. Nassau Financial Group cannot guarantee the accuracy or availability of any bank rates shown above.
Annuities and CDs are similar in as much as they generally offer fixed interest rates but they are also distinctly different because annuities are issued by insurance companies and are not FDIC or NCUAA insured and have no Bank or Credit Union Guarantee and are dependent upon the claims-paying ability of the issuing company. Please review the descriptions of CDs and Money Markets contained herein for more details on these non-insurance products.
Certificates of Deposit
A certificate of deposit, or CD, is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date. CDs also typically don’t have monthly fees. Terms can range as long as ten years, but most range from 1 to 5 years. You can’t access your money until your CD term ends without incurring a penalty. The Federal Deposit Insurance Corp. insures the accounts at banks with some balance limits.
Money Market Accounts
A money market account is a savings account with some features similar to a checking account. This account frequently gives customers checks or a debit card and allows a limited number of transactions each month. The money market historically has provided slightly higher rates than a savings account, but often has a higher minimum deposit or balance requirements.
The Federal Deposit Insurance Corp. insures the accounts at banks with some balance limits.
ALEX.fyi offers Simple Annuity in the following states: FL, GA, IN, MI, NY, OH, OR, PA, TN and TX. Ramsey Smith is licensed in: CA, FL, GA, IN, MA, MI, MS, NY, NC, OH, OR, PA, SC, TN, TX and VA.
About Nassau and the Nassau Simple Annuity Product
Nassau Simple Annuity is subject to state approval. Product features, options, and availability may vary by state.
The information on this website is not a recommendation. It is intended for use by the general public and is not individualized to address any specific investment objective. It is not intended as investment or financial advice.
If your application, required forms and premium are not in good order at the time of application signature, you may receive a different guaranteed interest rate for the guarantee period elected on the application.
If you renew into a guarantee period of the same duration, the guaranteed interest rate may not be the same as the previous guarantee period. The company may change the guaranteed interest rate for future periods at its sole discretion.
Lifetime payments and guarantees are based on the issuing company.
Nassau Simple Annuity (18FADTCP and ICC18FADTCP) is issued by Nassau Life and Annuity Company (Hartford, CT) in certain states. Nassau Life and Annuity Company is not authorized to conduct business in MA, ME, and NY, but that is subject to change. Nassau Life and Annuity Company is a subsidiary of Nassau Financial Group.
Annuities are long-term insurance contracts. Annuities held within qualified plans do not provide any additional tax benefit. Annuity contracts may be subject to possible loss of principal and earnings, since a surrender charge and market value adjustment may apply to any withdrawals above the annual free withdrawal amount or upon surrender of the contract.
All or a portion of amounts withdrawn are subject to ordinary income tax, and if taken prior to age 59 1⁄2, a 10% IRS penalty may also apply. We do not provide tax, financial, or investment advice, or act as a fiduciary in the sale or service of the product. Consult a tax advisor or financial representative about your specific circumstances.
This is a brief description of Nassau Simple Annuity and is meant for informational purposes only. Please refer to your Contract for any other specific information including limitations, exclusions, and charges.
**SOURCE/DISCLOSURE — BankRate.com as of 1/12/23. Rates are subject to change.