Looking for the best 6-year annuity rate? You’re in the right place. A 6-year fixed annuity (MYGA) often delivers a higher guaranteed yield than 3–5 year terms while avoiding a decade-long lockup. 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 6-year fixed annuity credits a guaranteed interest rate for 72 months, protects principal, and grows tax-deferred. At maturity, you can renew, move to a different term, or take a full distribution—so you stay in control as rates and goals evolve.

What Is a 6-Year Fixed Annuity?

A 6-year MYGA is an insurance contract that locks a contractual rate for six consecutive years. Interest compounds tax-deferred until you take distributions. When the term ends, most contracts offer an election window to renew at then-current rates, roll to another annuity, or withdraw without surrender charges.

Who Should Consider a 6-Year Annuity?

The 6-year term can be a “sweet spot” for savers who want stronger guaranteed yield than 3–5 year contracts and are comfortable with a moderate, defined commitment. Consider a 6-year MYGA if you’re:

• Laddering across 3–5–6–7 years to create periodic liquidity and reinvestment options.
• Rolling over CDs or cash to lock a multi-year guarantee while rates are attractive.
• Covering a known time horizon (pre-retirement runway, tuition, or a planned purchase).
• Seeking 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 6-Year MYGA

• Often Higher Guaranteed Yield: Six-year terms typically credit more than 3–5 year options.
• 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, change terms, or take a full distribution at the end of year six.

Why 6-Year Rates Move

Carrier rates track bond yields, portfolio positioning, and competitive dynamics. Because those inputs change, the “best 6-year annuity rate” can shift quickly. Our team monitors 75+ carriers so you can capture favorable windows—small improvements (0.15%–0.25%) can compound meaningfully over six years.

How to Compare 6-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 6-Year “Yield Rung”

Laddering spreads purchases across terms so something matures on a predictable schedule. A 6-year rung can serve as a higher-yield anchor between mid-range and longer terms—giving you attractive crediting while other rungs keep annual or biannual liquidity.

6-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 six years.

Many retirement savers pair a 6-year MYGA with shorter and longer rungs—using the 6-year for dependable mid-to-long horizon growth while keeping other funds liquid or positioned for higher multi-year yields.

Next Step: Compare Current Fixed Annuity Rates

See live 6-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