Current multi-year guaranteed annuity rates across every term, ranked by yield and again by carrier strength. Each row shows the AM Best rating and lets you verify the number with a person.
A MYGA (multi-year guaranteed annuity) locks one fixed interest rate for the full term, like a CD issued by an insurer instead of a bank: tax-deferred, and backed by the carrier's claims-paying ability rather than FDIC insurance. New to the product? Read the full MYGA guide.
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Rates last updated August 2, 2026 · 71 products across 9 termsView
Why this carrier? The highest 5 year rate on our board today, from a carrier rated B+ by AM Best, with a low $10,000 minimum and filings in 19 states and DC.
Rates shown are not offers. Confirm the current number with the carrier before purchasing. Guarantees rely on the issuing insurer's claims-paying ability. Not FDIC insured. Availability varies by state, and rates change often, which is why every table carries its update date.
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Rates shown are not offers. Confirm the current number with the carrier before purchasing. Guarantees rely on the issuing insurer's claims-paying ability. Not FDIC insured. Availability varies by state, and rates change often, which is why every table carries its update date.
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Rates shown are not offers. Guarantees rely on the issuing insurer's claims-paying ability, not FDIC insurance. Confirm the current number with an advisor before purchasing. Updated August 2, 2026.
Common questions
MYGA questions, answered honestly
Is a MYGA the same as a fixed annuity?
A MYGA is a type of fixed annuity: the type that locks one rate for the entire multi-year term. Some plain fixed annuities credit a rate that can adjust after an initial period. If you want a number that cannot move, the multi-year guarantee is the one to ask for; our fixed annuity guide compares the three products that wear the "fixed" label.
What are the pros and cons of a MYGA?
The pros: one locked rate for the full term, no market risk to principal, tax-deferred growth, and often a better rate than a same-term CD. The cons: your money is committed for the term (surrender charges apply if you leave early), the rate can lag inflation, and the guarantee is backed by the insurer rather than FDIC insurance, so carrier strength matters.
What happens when a MYGA matures?
You typically get a short window, often around 30 days, to move without charges: withdraw the money, renew at the carrier's then-current rate, or roll it to another annuity through a tax-free 1035 exchange. Doing nothing usually renews the contract automatically, so put the maturity date on your calendar and compare the renewal offer against the whole market first.
How is a MYGA taxed?
Growth is tax-deferred: nothing is due while the money compounds, and gains are typically taxed as ordinary income when withdrawn. In a non-qualified account that deferral is the main tax edge over a bank CD, which is taxed every year. Withdrawals before age 59 and a half may add a 10 percent IRS penalty on the taxable portion; our annuity tax guide covers the details.
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