6.15% Guaranteed for 5 Years: Explore a Safer, Tax-Deferred Option

A five-year fixed annuity offering 6.15% may appeal to people seeking predictable growth and tax-deferred accumulation. Unlike a bank deposit, an annuity is an insurance product, so guarantees depend on the issuing insurer’s claims-paying ability and applicable state guaranty association rules—not FDIC insurance. Interest rates, surrender charges, withdrawal limits, renewal terms, and tax treatment all matter. Compare the contract with CDs, savings accounts, and money market options, and consult a licensed financial or tax professional before making a decision. Product availability and protections vary by state.