Enter values in any 2 of the fields below to estimate the yield, potential income, or amount for a hypothetical investment. Then click Calculate. FICALC - the Webs Fixed Income Calculator. This bond calculator can be used for treasury, municipal, agency, corporate, and euro denominated securities. This includes bonds, notes, bills, MBS, PIKs, and others. It was developed for the Securities Industry Association (SIA) and The Bond Market Association by TIPS, LLC A Beginner's Tutorial for Fixed Index Annuities. Written by Hersh Stern Updated Monday, February 17, 2020 A Fixed Index Annuity is a tax-favored accumulation product issued by an insurance company.It shares features with fixed deferred interest rate annuities; however, with an index annuity, the annual growth is bench-marked to a stock market index (e.g., Nasdaq, NYSE, S&P500) rather than an