While annuity rates had begun to improve since reaching an early nadir of 1.375% in September 2016, they began to drop again in early 2019. Following the COVID shutdowns starting in early 2020, they bottomed in July 2020 to a new low of 1.209%, and only slowly began to recover again in 2021. They have steadily increased in 2022 as interest rates have climbed in general.

Related topics: annuities