Best MYGA Annuity Rates
100+ Highly Rated Carriers to Quote
Compare the best MYGA annuity rates from more than 75 top-rated carriers—without pressure or gimmicks. A MYGA (Multi-Year Guaranteed Annuity) locks your rate for a set term, protects principal from market losses, and grows tax-deferred, making it a dependable core holding for conservative savers and retirees.
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Why Savers Choose MYGAs
- Guaranteed Interest: Your rate is fixed for the full term—1, 2, 3, 4, 5, 6, 7, 8, 9, or 10 years.
- Principal Protection: No exposure to equity or bond market volatility.
- Tax-Deferred Growth: Interest compounds without current-year taxation until withdrawn.
- Low Friction: No ongoing investment management fees and CD-like simplicity.
- Flexible Liquidity: Many contracts allow up to 10% penalty-free withdrawals annually after year one.
How to Use This Rates Page
- Pick a term that matches your timeline (RMDs, pension start, home purchase, etc.).
- Check the rate & rating and ask about higher tiers for larger deposits.
- Confirm features like MVA, RMD waivers, and free-withdrawal rules.
- Lock the rate during application/transfer, when available—windows vary by carrier.
Example MYGA Growth
If you invest $1,000,000 into a 5-year MYGA earning 5.40% compounded annually, the account projects to roughly $1,300,000 at maturity—without market risk and with taxes deferred until distribution.
💰 Current MYGA Rates (as of December 2025)
| Term | Rate | Provider | Product | AM Best Rating |
|---|---|---|---|---|
| 1 Year | 4.15% | GCU Life | 1+4 Choice | A- |
| 2 Years | 5.50% | Mountain Life | Secure Summit | B |
| 3 Years | 6.00% | Mountain Life | Secure Summit | B |
| 4 Years | 6.05% | Mountain Life | Secure Summit | B |
| 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 | 6.00% | Mountain Life | Secure Summit | B |
| 9 Years | 5.40% | Mountain Life | Secure Summit | B |
| 10 Years | 6.05% | Wichita National | Security MYGA | B+ |
Rates are subject to change and may vary by state, age, and premium amount. Larger deposits may qualify for enhanced tiers. Availability and features vary by carrier.
MYGA Laddering: Keep Liquidity and Chase Future Rates
Rather than putting everything into a single term, many clients build a MYGA ladder (e.g., 3-, 5-, 7-, and 10-year rungs). As each rung matures, you can reinvest at then-current rates, move cash to income solutions, or fund RMDs without touching longer-term contracts. Laddering balances today’s yield with tomorrow’s flexibility.
End-of-Term Options
- Renew or roll: Move into a new MYGA term to keep compounding at the prevailing rate.
- Transfer or 1035 exchange: Shift to a different carrier/product if it better fits your plan (review surrender/MVA rules).
- Withdraw: Use a maturity window to access funds without surrender charges.
What’s Next?
MYGAs can anchor a conservative retirement strategy with predictable returns. We’ll confirm product availability in your state, outline free-withdrawal and MVA provisions, and help you lock a competitive rate. Interested in alternatives? See our current bonus annuity rates to compare structures.
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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, 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.
