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Base rate of 1.4% plus LIBOR (1.74% right now) added to it. So 3.14 % to start if off. Adjusted once per year, so I assume they use the 1 yr. LIBOR rate.
Your thoughts, or is there more that needs to be known?
if that is the whole deal with no other fees it is good . 5 year cd's are paying less . these are not really annuity's in the true sense of the word . these are more like cd's from insurers instead of banks
Base rate of 1.4% plus LIBOR (1.74% right now) added to it. So 3.14 % to start if off. Adjusted once per year, so I assume they use the 1 yr. LIBOR rate.
Your thoughts, or is there more that needs to be known?
There's is LOTS more that needs to be known. First, you are dealing with a salesperson at the bank. They have no fiduciary duty to you.
Keep an eye out for payment rates that will change or can change (go lower).
And why are you wanting to take such little risk in the first place? Learn about diversification into bonds. Stock / Bond Diversification You will easily and consistently do better with a 72/28 mix of index funds. In the last 22 years there hasn't been a single year that saw a decline of more than 1%. Remember you're investing for 5 years from now -- not for next week or next year. http://investingadvicewatchdog.com/i...28-72-year.jpg
it is not an indexed annuity . it is an adjustable rate cd from an insurer.
someone interested in cd's is not buying stocks and bonds instead .
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