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However, MYGAs are insurance products intended to generate retirement income, while CDs are bank savings products that generally offer lower interest rates. Both certificates of deposit (CDs) and annuities can be used to accumulate financial assets. However, there are many differences

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Dolph Janis and Jeff Conyers discuss the difference between a CD and a fixed annuity. Learn more: CD vs. Annuity: The Ultimate Guide to Choosing Your Retirement Strategy

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CD Rates vs. Annuities – What Banks Don’t Tell You Annuity vs. CD Explained: Guaranteed Rate vs. Guaranteed Income In this video, we compare how CDs lock a fixed rate for a set