Colonial's Annuity Investment Services offer you tax-deferred accumulations and a competitive rate of interest.* With tax-deferred savings, you can compound interest without paying current taxes. The principal earns interest, interest earns interest and money otherwise paid out for taxes is earning interest too. Since you do not pay taxes on the money until it is withdrawn, you control when taxes are paid. Today's Annuities pay highly competitive interest rates.
Note: Annuities are not bank deposit products and are neither the obligation of nor guaranteed by the financial institution where they are offered. Annuities are not insured by the FDIC, NCUSIF or any other federal agency and are subject to investment risk, including possible loss of principal. Payments of benefits under the Annuity contract are the obligation of and are guaranteed by the insurance company issuing the Annuity.
* Taxes payable upon withdrawal of funds.