Looking for the best 10-year annuity rate? You’re in the right place. A 10-year fixed annuity (MYGA) typically offers some of the highest guaranteed yields available among fixed terms—ideal for savers who value a strong, predictable return and don’t need access to principal for a longer horizon. At Diversified Insurance Brokers, we compare products from 75+ top-rated carriers to help you secure competitive multi-year guarantees—without sales pressure or hidden fees.

A 10-year fixed annuity locks a guaranteed interest rate for 120 months, protects principal, and grows tax-deferred. At maturity, you can renew, select a different term, or take a full distribution—keeping you in control as rates and goals evolve.

What Is a 10-Year Fixed Annuity?

A 10-year MYGA is an insurance contract that credits a contractual fixed rate for ten consecutive years. Interest compounds tax-deferred until distribution. When the term ends, most contracts provide an election window to renew at then-current rates, roll to another annuity, or withdraw without surrender charges.

Who Should Consider a 10-Year Annuity?

The 10-year term suits savers who want maximum guaranteed yield from a fixed annuity and are comfortable committing for a decade. Consider a 10-year MYGA if you are:

• Laddering across 5–7–9–10 years to maximize average yield while keeping staggered liquidity.
• Rolling over CDs/cash to lock a strong, long-term guarantee while rates are attractive.
• Covering a known, long horizon (late-career runway, future purchase, legacy planning).
• Prioritizing principal protection and predictable growth over market risk.

Safety matters: We recommend carriers rated A- or better by independent agencies. Fixed annuities are backed by the insurer’s general account and supported by state guaranty associations up to statutory limits.

Benefits of a 10-Year MYGA

• Typically Highest Guaranteed Yield: Ten-year terms often credit more than shorter durations.
• Tax-Deferred Growth: Earnings compound without annual taxation until withdrawal.
• Principal Protection: No market downside—your growth is contractual.
• Built-In Liquidity: Many contracts allow up to 10% penalty-free each year (check your policy).
• Flexible Maturity Choices: Renew, move to a new term, annuitize, or take a full distribution at the end of year ten.

Why 10-Year Rates Move

Carrier rates reflect bond yields, portfolio positioning, and competition. Because those inputs change, the “best 10-year annuity rate” can shift quickly. Our team monitors 75+ carriers so you can capture favorable windows—small differences (0.15%–0.25%) can compound meaningfully over ten years.

How to Compare 10-Year Annuity Options

• Financial Strength: Favor A- or better ratings for long-term reliability.
• Liquidity Provisions: Confirm penalty-free amounts (often 10%) and any interest-only access.
• Renewal Rules: Know your election window; some contracts auto-renew if you take no action.
• Minimums & Issue Ages: Typical minimums $10,000–$25,000; age limits vary by carrier.
• MVA (Market Value Adjustment): Understand how an MVA can affect early withdrawals during the term. See our Market Value Adjustment Explained guide.

Laddering with a 10-Year “Yield Anchor”

Laddering spreads purchases across different terms so something matures on a predictable schedule. A 10-year rung can serve as the ladder’s yield anchor—boosting overall crediting while shorter rungs (e.g., 3–5–7 years) maintain nearer-term access. On maturity, roll to a new 10-year if rates are compelling, or shorten if liquidity needs change.

10-Year MYGAs vs. CDs & Money Markets

• Tax Treatment: Annuity growth is tax-deferred; CD interest is taxed annually.
• Yield: Insurers can often credit higher fixed rates than banks due to different investment models.
• Flexibility at Maturity: Renew, withdraw, or pivot to an income or indexed annuity based on goals.
• Risk Profile: No market volatility—your rate is contractual and guaranteed for ten years.

Many retirement savers pair a 10-year MYGA with shorter rungs—using ten years for dependable long-horizon growth while keeping other funds liquid or positioned for rising-rate opportunities.

Next Step: Compare Current Fixed Annuity Rates

See live 10-year MYGA offerings and carrier specifics on our Fixed Annuity Rate Page. Rate windows can be brief—review options now and decide with confidence.

Related Topics to Explore

• Best Short-Term MYGA Annuities
• Tax-Deferred Annuity Strategies
• Annuity Surrender Charges Explained
• Guaranteed Lifetime Withdrawal Benefits Explained
• Annuity Rollover Options for Teachers