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MYGA vs CD calculator

Compare the after-tax ending value of a MYGA against a bank CD. The key difference the math captures: a MYGA defers taxes until withdrawal, while CD interest is usually taxed every year.

Your assumptions

See today's MYGA rates for a realistic number.
After-tax ending value
MYGA
$0
Bank CD
$0

Difference in your favor: $0

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Assumptions: MYGA interest compounds tax-deferred with ordinary income tax applied to the gain at withdrawal; CD interest is taxed each year at your bracket and reinvested. Simplified illustration as of July 3, 2026, not tax advice. State taxes and product features not modeled. Neither product is FDIC and annuity guarantees rely on the insurer.

Want the full picture? Read MYGA vs CD: which actually wins and see live MYGA rates.
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