MYGA - Truenewj

Multi-Year Guaranteed Annuity (MYGA) vs. CDs: Where Should You Put Your Cash for a Guaranteed Return?

amefika3 months ago04 mins

If you’re looking for a safe place to store your savings and lock in a guaranteed interest rate, there are two popular options to consider: certificates of deposit (CDs) and multi-year guaranteed annuities (MYGAs). Both offer fixed interest rates for a set period of time, making them attractive to savers who want predictable returns without…

Multi-Year Guaranteed Annuity (MYGA) vs. High Yield Savings Account (HYSA): Where Should You Put Your Cash Today?

amefika3 months ago04 mins

Do you want to earn 4% or more on your savings? If so, skip the traditional checking or savings account and try a higher-income option, like a high-yield savings account (HYSA) or a multi-year guaranteed annuity (MYGA). These two types of accounts are very different, but one or both could be what you are looking…