Fixed annuities continued their comeback in May, with yields rising for the third month in a row.

The average rate paid on fixed annuities climbed to 5.77% in mid-May, from 5.41% in mid April, according to Kenneth Kehrer Associates, Princeton, N.J. The one-year bonus rate that some insurers pay jumped to 6.74% from 6.42%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.