What Rate Are Annuities Paying? 
The short answer as to what annuities are paying is `` several times that of most bank CDs '' . There are many different types of annuities with different commitment time frames and dozens of insurance companies offering these annuity products . To give a specific number is simply not possible without knowing your individual financial needs , the length of time you 're willing to commit to and whether you want an annuity for growth or to provide guaranteed lifetime income . A fairly brief conversation with an experienced retirement income planner or financial services representative who focuses on annuity products will answer this question with meaningful focus on your specific needs and situation . 