--- title: "Maximize Returns: Why April Is Ideal for Replacing CDs with MYGAs" description: Encourage clients to lock in better rates with MYGAs during April, the month dedicated to CD replacement. Learn more in our latest blog post. image: https://synergyannuity.com/hubfs/AI-Generated%20Media/Images/a%20money%20lightbulb.jpeg --- [Skip to content](https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas#main-content) ![Synergy Logo-#](https://synergyannuity.com/hs-fs/hubfs/Synergy%20Logo-%23.png?width=150&height=101&name=Synergy%20Logo-%23.png) - [Home](https://synergyannuity.com/) - [About](https://synergyannuity.com/about) - [Contact](https://synergyannuity.com/contact) Open main navigation Close main navigation - [Home](https://synergyannuity.com/) - [About](https://synergyannuity.com/about) - [Contact](https://synergyannuity.com/contact) - [Contact us](https://synergyannuity.com/contact) [Contact us](https://synergyannuity.com/contact) Apr 2, 2025, 11:00:00 AM # Maximize Returns: Why April Is Ideal for Replacing CDs with MYGAs ![Picture of Eric Estrada](https://synergyannuity.com/hs-fs/hubfs/EE%20Head%20shot%202.jpg?width=50&name=EE%20Head%20shot%202.jpg) [Eric Estrada](https://synergyannuity.com/news-you-can-use/author/eric-estrada) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas) [Twitter icon](https://twitter.com/intent/tweet?url=https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas) [envelope icon](mailto:?body=https://synergyannuity.com/news-you-can-use/maximize-returns-why-april-is-ideal-for-replacing-cds-with-mygas) It’s April—**CD renewal season**—and that means opportunity. Every spring, millions of dollars roll out of low-yielding certificates of deposit as clients search for better rates, more flexibility, and safer growth options. For financial advisors, this is prime time to introduce a powerful alternative: the **Multi-Year Guaranteed Annuity (MYGA).** If you're not talking to clients about replacing maturing CDs with MYGAs, someone else will. --- ### Why Clients Are Looking to Move Their CD Money Here’s what your clients are thinking right now: - “My CD just renewed at **3% for 12 months**—that doesn’t feel like enough.” - “I want a **safe return**, but I don’t want to tie up my money for 5 years.” - “The bank doesn’t seem to offer many good options right now.” And they’re right. While CD rates have ticked up from recent lows, they’re still underwhelming when compared to what **MYGAs** are offering—**especially for 3- to 5-year terms.** --- ### What’s a MYGA, and Why Should Clients Care? A **Multi-Year Guaranteed Annuity** is the annuity world’s answer to a CD—but often with better rates, tax advantages, and more flexibility. **Here’s the MYGA advantage:** ✅ Fixed interest rate locked in for 2–10 years ✅ Tax-deferred growth (CDs are taxed annually) ✅ No stock market exposure ✅ Optional liquidity features ✅ Backed by insurance carriers—not the FDIC In today’s environment, some MYGAs are offering **interest rates north of 5%**, depending on the carrier and term selected. That’s a game-changer for clients who want to grow their money **without taking risk**. --- ### CD vs. MYGA: A Quick Comparison | Feature | CD | MYGA | | --- | --- | --- | | Interest Rate | Typically 3–4% | 4.5–5.5%+ | | Taxation | Annual | Tax-deferred | | Safety | Bank-backed (FDIC) | Insurance-backed (state guarantee associations) | | Flexibility | Often rigid | Liquidity options available | | Suitability | Savers | Savers + retirement-focused clients | --- ### How to Start the Conversation Use these openers to engage clients this month: > “Do you have any CDs maturing soon? Let’s see if there’s a way to get a better return with the same level of safety.” > “Would you be open to an option that locks in a higher rate than your CD—and doesn’t require you to pay taxes on the interest every year?” > “There are some annuity options offering over 5% right now with principal protection. Want me to show you how that compares to your current CD?” These aren’t sales pitches—they’re service-driven, timely check-ins. And they often lead directly to new business. --- ### Who to Call First Make your list. The best prospects this month are: - Clients **60+** who value safety and guaranteed returns - Anyone who’s rolled over a **CD within the past 12 months** - Conservative investors holding excess **cash in savings or money markets** - Retirees looking for a **laddered income strategy** --- ### Final Thought: Don’t Let April Slip Away CD replacement season only comes once a year. And with interest rates still elevated, this could be the best time in years to help clients **lock in strong, guaranteed returns**—while helping you drive new premium and uncover other planning opportunities in the process. --- **Need rates? Case designs? A sales idea for a specific client?** We can help you run comparisons, review surrender options, or even generate side-by-side CD vs. MYGA breakdowns you can send to clients. Let’s turn April into a month of action—and annuity production. 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