After four straight months of declines, rates paid on annuities sold through banks edged up slightly in June.
The average rate paid on annuities rose to 5.17%, from 5.13% in May. The bonus rate offered to new buyers rose to 6.02%, from 6.01%.
Seven Offered Higher Rates
Kenneth Kehrer Associates, a consulting firm in Princeton, N.J., calculates the averages based on a survey of leading annuity companies. Of 34 annuities covered by the survey, seven offered higher rates and four offered lower rates. Rates were unchanged on the 23 remaining annuities.
