Best 6 Year Annuity Rate

The best 6-year annuity rate sits in a structurally unusual position that no other MYGA term occupies in today’s market: it is both lower than the shorter 5-year rate and lower than the longer 7-year rate, placing it at the deepest rate valley of the current MYGA yield curve. Today’s best 5-year MYGA rate is 6.35%. Today’s best 6-year MYGA rate is 6.00%. Today’s best 7-year MYGA rate is 6.10%. The 6-year rate is 0.35 percentage points below the 5-year peak and 0.10 percentage points below the 7-year rate — meaning the 6-year commitment is the one point on the MYGA term spectrum where neither shortening nor lengthening improves the declared rate. This rate valley position reflects the specific shape of the investment-grade bond yield curve and how insurance carriers structure their portfolio duration strategies around 5-year and 7-year sweet spots more efficiently than 6-year durations. The practical implication for buyers is direct and important: in today’s market, there is no rate optimization argument for choosing a 6-year MYGA over a 5-year or 7-year alternative. The 6-year is the correct choice exclusively when the buyer’s actual planning horizon is genuinely 72 months — not when the buyer is optimizing the rate-per-year of commitment. Buyers who are flexible between 5 and 6 years should consistently choose the 5-year MYGA at 6.35% for superior rate capture. Buyers who can commit to 7 years should evaluate the 7-year MYGA at 6.10% for better long-term rate lock. The 6-year earns its place only for buyers whose specific planning timeline lands precisely on the 72-month horizon. For the full rate spectrum across all terms, our highest guaranteed annuity rates resource and current fixed annuity rates page provide the complete context.

Within its specific planning niche, the 6-year MYGA at 6.00% serves buyers who need more than 60 months of guaranteed accumulation and have a genuine reason to stay shorter than 7 years. Common profiles include pre-retirees planning to retire in exactly 6 years who want guaranteed accumulation through that specific date before transitioning to income strategies, buyers implementing a 2-4-6 or 3-6-9 ladder where the 6-year creates a specific maturity window, and retirees building a Medicare coordination timeline where a 6-year MYGA matures precisely when a supplemental coverage decision needs to be revisited. Today’s 6-year carrier table also provides an unusually strong A-rated carrier field for a medium-term MYGA: American National’s A-rated Palladium MYG MAX at 5.73% and Oxford Life’s A-rated Multi-Select MYGA at 5.55% both represent investment-grade alternatives within a reasonable rate range of the tier leader. This makes the 6-year an attractive choice specifically for buyers who require A-rated financial strength at a medium-term commitment — Oxford Life’s Multi-Select MYGA also offers the unique provision of 10% annual penalty-free withdrawal from year two (with interest-only access in year one), making it the only carrier in today’s 6-year table with meaningful built-in liquidity. For the complete picture of how 6-year fixed annuity rates compare to indexed annuity alternatives at similar surrender periods, our resources on who is best suited for an indexed annuity, the downside of a fixed indexed annuity, and whether fixed indexed annuity rates change provide the foundational comparison framework.

The 6-year table today includes American National’s Palladium MYG MAX — an A-rated product with a $250k–$3m premium range, reflecting that this is specifically designed for larger premium buyers seeking A-rated financial strength at the 6-year term. American National is one of the most nationally recognized insurers in the fixed annuity market, and its appearance in the 6-year tier at 5.73% with no penalty-free withdrawal provides larger-premium buyers a credible, investment-grade option. The broader carrier due diligence context — including how buyers evaluate carriers beyond the annuity rate table — is illustrated by our resources on Country Financial, Cincinnati Life, Security Benefit, and American Family. Our no-cost insurance policy review service provides buyers who hold existing contracts with a professional assessment of whether repositioning into a current-rate 6-year MYGA makes financial sense for their specific situation.

What Is a 6-Year Fixed Annuity — And Why 72 Months Is a Specific Planning Commitment

A 6-year fixed annuity (MYGA) declares a guaranteed interest rate at issuance and applies it to the full accumulation value for exactly 72 months. The declared rate is contractually locked — the carrier cannot reduce it during the term regardless of market conditions. Principal is fully protected from any market loss. Interest compounds tax-deferred inside the contract without generating an annual 1099 for non-qualified money. At the end of month 72, a maturity window opens — typically 30 days — during which the buyer can withdraw the full accumulated value penalty-free, renew into a new contract at then-current rates, or convert to a different structure. A $200,000 deposit at 6.00% for 6 years accumulates to approximately $283,700 at maturity — $83,700 in guaranteed, tax-deferred growth over 72 months with zero market exposure. The 6-year commitment establishes the contract as a medium-term planning vehicle: 72 months is long enough that the buyer’s financial situation, rate environment, and income needs will have changed meaningfully by maturity, requiring active planning for what comes after. This medium-term planning horizon makes the 6-year MYGA most appropriate for buyers who have thought carefully about their 72-month trajectory — not as a default term selection but as a deliberate alignment of the contract’s maturity with a specific future decision point.

💰 Best 6-Year Annuity Rates (as of June 2026)

The table below shows today’s top five 6-year MYGA options. American Gulf’s Anchor MYGA leads at 6.00% with no penalty-free access. Atlantic Coast Life’s Safe Harbor follows at 5.90%, also with no penalty-free access. Mountain Life’s Secure Summit at 5.83% provides 5% annual access from year two. American National’s A-rated Palladium MYG MAX at 5.73% has no penalty-free access. Oxford Life’s A-rated Multi-Select MYGA at 5.55% is the only carrier offering meaningful built-in liquidity: 10% annual withdrawal from year two, with interest-only access in year one. Confirm live quotes for your specific state, age, and deposit amount before purchasing.

The Rate Valley — Why the 6-Year Sits Below Both the 5-Year Peak and the 7-Year

In a normal MYGA rate environment, longer commitment typically means more yield. Today’s MYGA rate curve does not follow this pattern beyond 5 years. The 5-year peak (6.35%) is followed by a valley at 6 years (6.00%) before recovering partially at 7 years (6.10%). The 6-year rate valley reflects how insurance carriers build and price their general account bond portfolios at different durations: 5-year investment-grade bonds currently offer the optimal yield-to-risk combination, generating the investment income that translates into the 5-year MYGA’s declared rate peak. At 6-year durations, investment-grade bond availability and yield levels do not support the same portfolio efficiency, resulting in lower credited rates. At 7 years, carriers can access longer-duration investment-grade instruments at more attractive yields, allowing the rate to recover modestly above the 6-year level. For buyers, the practical consequence is clear: on rate grounds alone, the 5-year MYGA at 6.35% dominates the 6-year at 6.00%. A buyer who commits to 6 years instead of 5 accepts one additional year of surrender commitment in exchange for a 0.35% reduction in annual guaranteed interest — a negative rate-per-year outcome compared to the adjacent shorter term. This is why the 6-year buyer must be making a planning decision, not a rate decision: the 72-month commitment should reflect a genuine 72-month planning horizon.

Oxford Life’s Multi-Select MYGA — The Only 6-Year Carrier With Built-In Liquidity

Oxford Life’s A-rated Multi-Select MYGA at 5.55% stands apart from every other carrier in today’s 6-year table as the only product offering meaningful built-in penalty-free access during the 72-month term. In year one, Oxford Life allows interest-only withdrawals — meaning the buyer can withdraw the interest credited during year one without touching principal and without triggering surrender charges. From year two through year six, Oxford Life permits 10% annual penalty-free withdrawal of the accumulation value. On a $200,000 deposit at 5.55%, year-one interest-only access represents approximately $11,100 available in year one, and $20,000+ per year (10% of the growing accumulation value) in years two through six. This is a significantly more generous provision than any other carrier in today’s 6-year table — at a 0.45% rate discount compared to American Gulf’s 6.00% leader. For buyers at the 6-year term who need any annual access to their conservative allocation — retired income supplementers, IRA RMD accommodators, or buyers who want downside liquidity during the 72-month period — Oxford Life’s Multi-Select MYGA is the only current 6-year product that accommodates this need within the table. The rate cost of that liquidity is approximately $900 per year per $100,000 compared to the tier leader, or approximately $5,400 over the full term. Whether that access is worth $5,400 per $100,000 depends entirely on whether the buyer genuinely expects to need it during the 72-month period. Our resource on annuity surrender charges explained covers the mechanics of what happens when withdrawals exceed the penalty-free allowance for all carriers in this tier.

American National’s Palladium MYG MAX — The A-Rated Option for Larger Premium Buyers

American National Insurance Company’s Palladium MYG MAX is the most nationally recognized carrier in today’s 6-year table — a large, established national insurer with a long operational history and an A AM Best rating. At 5.73% with a $250k–$3m premium range, this product is specifically designed for larger-premium buyers who want a nationally recognized A-rated carrier at the 6-year commitment level. The minimum premium of $250,000 means this is not available for buyers depositing less than that amount, but for buyers with larger conservative allocations — a $400,000 IRA rollover, a $750,000 CD maturity, or similar larger repositioning — the Palladium MYG MAX provides investment-grade financial strength at a rate within 0.27% of the tier leader. American National carries no penalty-free withdrawal provision on this product, requiring buyers to commit fully to the 72-month term. For larger-premium buyers who can genuinely hold 72 months without any access, the combination of A-rated national carrier quality and 5.73% declared rate makes the Palladium MYG MAX a compelling 6-year option. Our resource on whether American National is a good insurance company provides the full carrier profile analysis for buyers evaluating this option.

The FIA Alternative — Why Buyers Considering 6-Year MYGAs Often Evaluate Indexed Annuities

At the 6-year commitment level, the MYGA vs. fixed indexed annuity (FIA) comparison becomes more substantive than at shorter terms. Both a 6-year MYGA and a 6-year FIA involve the same surrender period — but they deliver return potential very differently. The 6-year MYGA credits a declared rate of 6.00% in every year of the term regardless of index performance. A 6-year FIA credits interest based on an external index’s performance subject to annual caps, spreads, or participation rates — potentially crediting more than 6.00% in strong index years and zero in flat or negative years. The key questions buyers must answer before choosing at the 6-year term are addressed in our dedicated resources: who is best suited for an indexed annuity identifies appropriate FIA buyer profiles, the downside of a fixed indexed annuity covers specific risks and limitations, what happens to an indexed annuity when markets decline clarifies how the zero-loss floor works in practice, and whether you lose principal in an indexed annuity addresses the most common misconception about FIA principal protection. For buyers exploring bonus annuity structures at similar commitment horizons, our resource on bonus annuities over 20% covers the premium enhancement structures available. The full landscape of indexed and bonus alternatives is available on our current annuity rates comparison page.

72-Month Tax Deferral — Six Full Years of Compounding Advantage

Six years of tax-deferred compounding in a fixed annuity produces a compounding chain that substantially separates the MYGA’s effective after-tax yield from any taxable instrument at the same stated rate. For non-qualified (after-tax) money, every dollar of interest credited inside the 6-year MYGA accumulates without an annual 1099, stays fully invested in the contract, and earns the declared rate on its full pre-tax value in the following year. By contrast, a buyer in the 24% federal tax bracket with $250,000 in a 6-year CD at 4.50% pays income tax on approximately $11,250 in year-one interest — $2,700 withdrawn from the compounding chain annually. Multiplied across six years, the MYGA’s compounding advantage from tax deferral adds meaningfully to total accumulation before even accounting for the MYGA’s superior headline rate. Our resources on fixed annuities vs. CDs, tax-deferred annuity strategies, and non-qualified annuities provide the complete after-tax mechanics across different bracket scenarios.

Who Specifically Should Choose a 6-Year MYGA

The 6-year MYGA buyer has a specific 72-month planning horizon that genuinely cannot be served as well by a 5-year MYGA or a 7-year MYGA in their specific scenario. Common profiles include: pre-retirees age 59–60 who want guaranteed accumulation through their Medicare eligibility date; buyers implementing a 2-4-6 or 3-6 fixed annuity ladder where the 6-year creates the longest maturity window; larger-premium buyers ($250k+) who require a nationally recognized A-rated carrier specifically for the 6-year term (where American National’s Palladium MYG MAX is the designated option); retirees who want the 6-year’s only carrier with liquidity — Oxford Life’s Multi-Select MYGA with 10% from year two — as part of a conservative allocation that needs systematic annual access. For buyers who have an existing annuity contract that may no longer be optimal, our no-cost insurance policy review service provides a professional assessment of whether repositioning via 1035 exchange into a current-rate 6-year MYGA makes financial sense. For buyers who eventually plan to convert the 6-year MYGA’s accumulated value into guaranteed lifetime income, our resource on best fixed indexed annuities with lifetime income riders covers the income structures most commonly evaluated at 6-year maturity. And for the Medicare planning coordination that makes a 6-year commitment particularly meaningful for buyers near age 65, our resource on best Medicare rates covers the supplement coverage landscape that many retirees coordinate with their annuity planning at this life stage.

Understanding MVA and Surrender Mechanics at 6 Years

All five carriers in today’s 6-year table carry MVA provisions — meaning any withdrawal above the penalty-free allowance during the 72-month term triggers both surrender charges and an interest-rate-based adjustment to the amount received. Understanding what a market value adjustment is before committing to any 6-year MYGA is essential. The MVA adjusts the surrender value based on interest rate movements since contract issuance — if rates have risen since your contract was issued, the MVA reduces the surrender value on early exits; if rates have declined, it increases the value. For the three zero-penalty-free carriers in today’s table (American Gulf, Atlantic Coast Life, American National), any mid-term withdrawal triggers both surrender charges and MVA — making early exit particularly costly. For Mountain Life (5% from year two) and Oxford Life (10% from year two, interest-only year one), withdrawals within the penalty-free limits avoid both charges entirely. Our resource on annuity surrender charges explained covers the complete interaction between surrender charges and MVA provisions for medium-term MYGA contracts.

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