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This
category contains those annuity products where the number of
years that the interest rate is guaranteed, is equal to the
number of years the surrender charge exists. Surrender charges
are fees for early surrender of the Annuity CD. Annuity
CD Rates Example: Annuities that have a 3 year guaranteed
interest rate and a three-year surrender charge are similar
to that found in
a conventional CD, however fixed CD Annuities usually offer a
higher interest rate and grow tax deferred offering even more
of an
advantage.
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