What Are Bank Annuities? 
Bank Annuities are simply Annuities offered through a Bank . Banks offer Annuities which are backed by Insurance Companies . So the first question you might ask is which Insurance Company is backing the Annuity ? Annuities offer Guaranteed Downside protection while giving you the opportunity for upside growth . Some annuities are `` Indexed '' meaning they credit growth based on performance of an index such as the S&P 500 . Other annuities offer a fixed growth similar to a CD offered at a Bank . All Annuities have a surrender period however some may have a provision to walk away getting your money back . Contact your Broker to get more details on what you are looking for . 