How do you currently feel about your available options for growing your money? You may have some investments that you feel decently about, but chances are, you wish there were a few more ways to grow money as you approach retirement. Additionally, you may remember a time where the right CD, bond, or even your savings account could grow your assets in a more meaningful way.

It seems like it has been a while since we’ve been able to truly rely on a safe way to grow our money. Each time you look at the current rates for financial tools like CDs and bonds, it seems like they are getting lower and lower. In fact, if you check out things right now, you may struggle to find anything that gets you over 1% growth, even if you consider a longer-term investment. As an example, a whopping 30-year U.S. Treasury Yield won’t even earn you 1.5% these days. And, with most CDs struggling to approach 1%, what safe options do you have to grow your assets?

If you are tired of low interest rates, it may be worth checking out what a Multi-Year Guaranteed Annuity (MYGA) can bring to the table for your financial situation. In many cases, the longer you are able to commit to a MYGA, the higher the interest rate you can obtain will be. And, if you want a strong option within this type of annuity, the Americo Platinum Assure 5 Mult-Year Guaranteed Annuity represents a solid choice.

The guaranteed interest rate of the Americo Platinum Assure 5 Multi-Year Guaranteed Annuity is a strong 3.2% and it is guaranteed over five years.  As a comparison point, the aforementioned Treasury Yield rate won’t even get you half of that, even over a time commitment of six-times that length. Additionally, with many bank CDs barely scratching 1%, the ability to grow your money by over three-times that amount is a very intriguing option.

Think you’re going to be able to get by with a money market account or savings account? These financial tools are also struggling to touch the 1% growth mark, meaning you are also better off with the right MYGA. If you would like the opportunity to grow your assets by a strong number, think about how the Americo Platinum Assure 5 Multi-Year Guaranteed Annuity can work in your favor.  In addition, you get the strong financial rating Americo has to offer (A Rating) and your money grows tax-deferred inside a MYGA.

Of course, keep in mind that a MYGA varies based on duration. If you want a shorter-term option, your guaranteed interest rate will come down. However, if you can deal with a longer-term situation, you can find rates well above the 3.2% offered here. Also, it is worth remembering that a MYGA is different from many other types of annuities. You will not have the ability to grow your money based on the successes of the market indexes commonly found in fixed index annuities, and specific areas like long-term care planning and legacy planning are not touched on.  But, if you're looking for a CD Alternative with up to 3x more earning power, the Americo Platinum Assure 5 Multi-Year Guaranteed Annuity is worth a strong look.