[–] Peynus [S] 0 points 0 points 0 points (+0|-0) 4.9 years ago (edited 4.9 years ago)
MYGA? What's that?
[–] billdred 0 points 0 points 0 points (+0|-0) 4.9 years 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.
[–] Peynus [S] 0 points 1 point 1 point (+1|-0) 4.9 years ago
You're gonna hate me now. What's a CD?
[–] PraiseIPU 0 points 1 point 1 point (+1|-0) 4.9 years ago
http://www.annuityratewatch.com/rates/myga-annuities.cfm
Why don't banks offer such investment for money? (at like 2-3% ) Also; is this like a pension fund thing?
[–] 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.
[–] Peynus [S] 0 points 1 point 1 point (+1|-0) ago
You're gonna hate me now. What's a CD?