Fixed annuity rates let you lock in guaranteed growth without market risk—ideal for retirees and pre-retirees who want predictable accumulation and a clear path to future income. On this page, you’ll learn how rates are set, what term length to consider, and how to compare MYGAs (multi-year guaranteed annuities) across carriers. We’ll also show you how to translate today’s fixed annuity rates into guaranteed paychecks using the calculator below.

What Are Fixed Annuity Rates?

Fixed annuity rates—often called MYGA rates—are the guaranteed interest rates a carrier will credit to your annuity for a specific term (for example, 3, 5, or 7 years). During that term, your principal is protected, growth is tax-deferred, and your rate won’t change. At the end of the term, you can renew, move the money, or convert the value into guaranteed lifetime income.

What Affects Today’s Fixed Annuity Rates?

• Term Length: Generally, longer terms offer higher rates.
• Carrier Strength: Highly rated insurers may price more conservatively in certain markets.
• Interest-Rate Environment: Broad bond yields and credit spreads influence MYGA pricing.
• State Availability: Product approvals and features vary by state.

How to Choose the Right Term

• 2–3 Years: Flexibility if you expect rates to rise again or need shorter commitments.
• 5 Years: A popular balance of yield and access for many retirees.
• 7–10+ Years: Often the strongest yields for long-range savers who value stability.

Access & Liquidity Features

Most fixed annuities include penalty-free withdrawals (commonly up to 10% annually), nursing-home or terminal-illness waivers, and multiple payout options at the end of the term. Always review surrender schedules and any market value adjustment (MVA) language before committing.

Who Fixed Annuities Fit Best

• Retirees seeking a safe alternative to CDs or bonds with potentially higher yields
• Pre-retirees who want guaranteed growth to fund future income
• Conservative savers who prioritize principal protection and tax-deferral

From Rates to Retirement Paychecks

Locking in fixed annuity rates can be step one; step two is converting that value into predictable income. Use the calculator above to see how your MYGA value could fund guaranteed lifetime payments. For a deeper dive on income strategies, explore our resource on Lifetime Income Annuities.

Fixed Annuity Rates vs. Indexed Annuities

Fixed annuities provide a guaranteed rate for a set term. Indexed annuities offer principal protection with upside potential tied to an index—helpful for those who want growth potential without market losses. If you’re open to both, we can show side-by-side illustrations so you can decide whether a pure MYGA rate or a fixed indexed annuity crediting strategy better fits your plan.