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Huntington's New Fixed Annuity Marketed As A CD Alternative

Tuesday, May 3, 2011 - 7:27 AM
With no rates posted, it's hard to say if this new fixed annuity is really a good deal compared to CDs. It is a fixed annuity and not a variable annuity which consumer advocates warn about.
The Huntington Investment Company, a wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN;, is launching a new fixed annuity May 2, 2011 that provides customers with a higher rate than many certificates of deposits, tax deferred interest earnings and a unique feature that allows customers to exit the product if renewal rates decrease by more than a half percent.

There is more info on fixed annuities in my recent annuity thread.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Wednesday, June 1, 2011 - 2:18 PM
Thanks.  I came accross this fixed annuity rates and calculator in my travels, it may come in handy.
RayMortRayMort2 posts since
Jun 1, 2011
Rep Points: 3