Best MYGA Annuity Rates
Jason Stolz CLTC, CRPC
Best MYGA annuity rates are the most competitive published yields available on Multi-Year Guaranteed Annuities for a given term—typically 1 to 10 years. A MYGA is a fixed-rate deferred annuity that credits a guaranteed rate for the full guarantee period, so your growth is predictable and your principal isn’t exposed to market loss. Use the table below as a benchmark for what “best” looks like across terms, then confirm live quotes for your state and deposit size since MYGA rates can change and often vary by premium band.
🖊️ Check the Best MYGA Rates for Your State
We’ll verify live MYGA yields, state availability, and any premium-band boosts you qualify for—no pressure.
What “Best MYGA Rates” Really Means
When people search for the “best MYGA annuity rates,” they’re usually looking for the highest guaranteed interest rate available for a specific term. That’s a smart starting point because the declared rate is the engine of the contract. But “best” should also account for the rules that determine how usable the annuity is while you own it.
Two MYGAs can look similar on rate, yet differ meaningfully on surrender schedules, free-withdrawal provisions, Market Value Adjustment (MVA) language, and what happens at maturity. The best choice is the one that combines a top-tier rate with a term and access design that fits your timeline, not the one that simply wins the headline.
How a MYGA Works (In Plain English)
A MYGA is the annuity version of a time-based fixed rate. You choose a guarantee period—like 3, 5, or 7 years—and the carrier guarantees a declared interest rate for that full period. Interest typically compounds tax-deferred inside the contract until withdrawn. Your deposit is not invested directly in the stock market, so you avoid market drawdowns. In exchange, there is a surrender schedule during the guarantee period if you take withdrawals beyond what the contract allows as penalty-free.
Because MYGAs are built for predictability, the most important decisions are term selection and liquidity design. Once those match your plan, the “best rate” becomes a clean comparison across carriers for the same timeframe and structure.
Why MYGA Rates Change (And Why Your State Matters)
MYGA rates can move as overall interest rates change, but they can also shift due to carrier pricing decisions, product demand, and premium-band tiers. That’s why you’ll sometimes see a carrier lead the market for a short window and then fall back, or why the same carrier may show different rates depending on state availability. In practice, the “best MYGA rate” is best understood as a short list of strong options that must be confirmed in real time for your exact profile.
Premium tiers matter as well. Many carriers offer better rates at higher deposit levels, and some have specific cutoffs where the yield bumps up. If you’re comparing rates, it’s worth checking whether splitting a deposit across carriers (or aligning deposits with premium bands) improves your blended outcome.
💰 Best MYGA Annuity Rates by Term (1–10 Years) as of Feb 2026:
The table below shows representative benchmark yields by term. Click any rate to request a personalized quote. Carrier availability and yields vary by state, age, and premium band.
| Term | Rate | Provider | Product | AM Best |
|---|---|---|---|---|
| 1 Year | 4.15% | GCU Life | 1+4 Choice | A- |
| 2 Years | 5.25% | CL Life | CL Sundance | B++ |
| 3 Years | 5.85% | Wichita National | Security 3 | B+ |
| 4 Years | 5.10% | Oceanview Life | Harbourview | A |
| 5 Years | 6.30% | American Gulf | Anchor MYGA | B++ |
| 6 Years | 6.30% | American Gulf | Anchor MYGA | B++ |
| 7 Years | 6.30% | American Gulf | Anchor MYGA | B++ |
| 8 Years | 5.40% | EquiTrust | Certainty Select | B++ |
| 9 Years | 5.30% | Talcott Financial | EverStead | A- |
| 10 Years | 6.05% | Wichita National | Security MYGA | B+ |
Rates are subject to change and may vary by state, age, and premium band. Larger deposits may qualify for different tiers.
Choosing the Right MYGA Term (Not Just the Highest Rate)
In most real-world plans, the “best” MYGA isn’t automatically the longest term or the highest number in the table. Term choice is a timeline decision first, and a rate decision second. If you know you’ll want access to principal in a few years—whether for a real estate move, retirement date, tax planning, or simply flexibility—then choosing a term that lines up with that decision point is usually smarter than stretching the timeline for a slightly higher yield.
Many people use MYGAs as part of a conservative retirement allocation, as a place to hold funds that are not meant to be in the market, or as a predictable sleeve next to other strategies. The more clearly the MYGA’s maturity aligns with your future plan, the easier it is to hold the contract through the term and maximize the benefit of the guaranteed rate.
MYGA Laddering: How to Blend Yield and Liquidity
Laddering is one of the most practical ways to use the best MYGA rates without locking everything into a single maturity date. Instead of placing all funds into one term, you split deposits across multiple terms so portions mature on a schedule. This can create built-in flexibility, reduce reinvestment risk, and make it easier to adapt if rates rise or fall in the future.
As a simple example, you could allocate a deposit across 3-, 5-, and 10-year terms. The shorter rung becomes a near-term liquidity and re-pricing option, the middle rung balances yield and timing, and the longer rung locks a competitive rate for a longer horizon. Over time, as each rung matures, you can roll it into a new term based on the rate environment at that moment.
Understanding Free Withdrawals, RMDs, and MVAs
Before selecting a MYGA, confirm how the contract handles withdrawals during the term. Many MYGAs allow limited penalty-free withdrawals (often expressed as a percentage of the account value) and may include special waivers for certain situations. If you’re using qualified money, you’ll also want to confirm how the annuity treats required minimum distributions and whether RMD withdrawals avoid surrender charges. These details can be the difference between a contract that feels restrictive and one that feels usable.
It’s also worth clarifying whether a product includes a Market Value Adjustment. An MVA can affect the surrender value if you take withdrawals above free-withdrawal limits or fully surrender before the end of the term. It doesn’t change the rate you earn, but it can change what you receive if you exit early. If you want simplicity, compare both MVA and non-MVA designs to see which fits your comfort level.
Benchmark Lifetime Income Options (Tool Below)
Even though MYGAs are rate-driven accumulation products, it can be useful to compare them against income-based strategies—especially if you may want guaranteed withdrawals later. The tool below can help you explore income rider illustrations and see how different ages and options affect projected income scenarios.
Next Steps
If you like the benchmark yields on this page, the next move is to confirm your live MYGA rate for your state and deposit band, then compare a short list of carriers side by side. If you want to evaluate designs that include upfront credits, review current bonus annuity rates to see how bonus structures compare to clean, fixed-rate MYGAs.
Get the Best MYGA Rate for Your Term
We’ll confirm live rates, premium tiers, and availability—then provide clean comparisons.
Retirement Account & Income Transition Planning
Compare post-retirement rollover, distribution, and income strategy decisions across major retirement account types.
Advanced Planning, Insurance, and Income Strategy Topics
Explore deeper strategy topics including diversification, Medicare timing, income design, and insurance planning fundamentals.
Talk With an Advisor Today
Choose how you’d like to connect—call or message us, then book a time that works for you.
Schedule here:
calendly.com/jason-dibcompanies/diversified-quotes
Licensed in all 50 states • Fiduciary, family-owned since 1980
FAQs: Best MYGA Annuity Rates
What are MYGA rates?
MYGA (Multi-Year Guaranteed Annuity) rates are the interest rates announced by insurance carriers for fixed-term contracts (e.g., 2, 3, 5, 7 or 10 years) where your premium grows at a guaranteed rate.
How often do MYGA rates change?
Carriers typically update rates when market conditions shift—often monthly or even more frequently depending on deposit flows and investment yields.
Are MYGA rates locked for the term?
Yes. Once you purchase the MYGA contract, the rate is guaranteed for the full term. Your principal is protected and your credited rate will not drop during the term.
What affects the rate I’m offered?
Your offered rate depends on the chosen term length, the premium amount, your state of residence, and any contract options such as Market Value Adjustment (MVA) or early withdrawal features.
How is interest credited on a MYGA?
Interest is usually credited annually or at term end depending on the contract. It compounds tax-deferred until withdrawal.
Can I withdraw money early?
Many MYGAs allow a penalty-free withdrawal each year (e.g., 10%) after the first contract year. Early excess withdrawals may trigger surrender charges or MVA.
Do MYGAs work inside IRAs and rollovers?
Yes. You can transfer IRA funds or roll over assets into MYGAs. Tax deferral continues inside the IRA. Outside of IRAs, the contract still provides tax-deferral on earnings until withdrawal.
How do MYGA rates compare to CD rates?
Both offer guaranteed builds, but CDs are FDIC-insured and often taxed annually, whereas MYGAs are backed by the insurer’s strength and grow tax-deferred until withdrawal.
What happens at the end of the term?
At maturity you can withdraw principal and interest, roll into a new product, or let it auto-renew at a new rate. Some contracts convert into a default account if not moved.
About the Author:
Jason Stolz, CLTC, CRPC and Chief Underwriter at Diversified Insurance Brokers, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
