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[–] Peynus [S] ago  (edited ago)

MYGA? What's that?

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[–] billdred ago 

Multi-Year Guaranteed Annuity. It's like a CD, but it's sold by insurance companies instead of the bank. Hence the higher return rates.

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[–] Peynus [S] 0 points 1 point (+1|-0) ago 

You're gonna hate me now. What's a CD?

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[–] PraiseIPU 0 points 1 point (+1|-0) ago 

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[–] Peynus [S] ago  (edited ago)

Why don't banks offer such investment for money? (at like 2-3% ) Also; is this like a pension fund thing?