For businesses looking to invest their idle and excess cash, we offer an alternative solution vs using a typical bank CD (Certificate of Deposit), that being a Fixed Deferred Annuity.
Not only does a Fixed Deferred Annuity offer safety of principal but, among other benefits, it can also provide potentially higher yields and tax-deferred growth1. However, please note, if your time horizon is less than five years then a fixed deferred annuity will not be an ideal product.
Please click here for a summarized comparison: CDs vs Fixed Deferred Annuities
To compare idle cash management alternatives and discuss your specific needs and objectives please contact us.
1Please note, all concepts, strategies, and products mentioned may not be suitable for you or your company. Information provided is not intended to be legal or tax advice. Please consult with your tax and legal advisor for specific tax and legal questions.