Compare the Best Multi-Year Guaranteed Annuity (MYGA) Rates Today
A Multi-Year Guaranteed Annuity (MYGA) is a safe, fixed annuity product that provides guaranteed interest rates for a set period—typically 3, 5, 7, or 10 years. MYGAs help you protect your principal, grow your savings, and defer taxes, all without the risk of stock market losses.
You’ve worked hard to build your retirement savings. Now is the time to protect it from market volatility, grow it at a fixed rate, and avoid unnecessary taxes—all with peace of mind.
Your savings could lose value in a downturn.
CDs and savings accounts don't keep up with inflation
Interest from CDs is taxed yearly, reducing earnings.
A Multi-Year Guaranteed Annuity (MYGA) gives you:
Your money grows at a locked-in rate for your chosen term.
Your principal is safe from stock market losses.
Pay taxes only when you withdraw, allowing your earnings to compound.
Choose from 3, 5, 7, or 10 years to match your retirement plan.
| Feature | MYGAs | CDs/Savings Accounts |
|---|---|---|
| Guaranteed Interes Rate | YES | Usually lower |
| Tax Treatment | Tax-deffered | Interest taxed annually |
| Market Risk | None | None |
| Retirement Suitability | Designed for income planning | Short-term savings |
Financial Security – Eliminate the fear of market losses.
Retirement Income Planning – Use a MYGA as part of a broader income strategy.
Predictable Growth- Enjoy steady compounding without stock market exposure.
A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity that offers a guaranteed interest rate for a specified period, typically 3 to 10 years. It is commonly used for conservative retirement planning.
MYGAs generally offer higher interest rates than CDs and allow for tax-deferred growth, which can make them more attractive for long-term retirement savings.
Yes. MYGAs are fixed annuities, so your initial premium is guaranteed by the insurance company, assuming the insurer meets its financial obligations.
MYGAs grow tax-deferred, meaning you don’t pay taxes on the interest until you withdraw the funds. Early withdrawals before age 59½ may be subject to IRS penalties and surrender charges.
Most MYGAs allow penalty-free withdrawals of up to 10% of the account value annually. Additional withdrawals may be subject to surrender charges and/or tax penalties.
MYGAs are suitable for individuals who:
• Want principal protection
• Seek predictable, low-risk growth
• Are looking for tax-deferred accumulation
• Have a medium-term investment horizon (3–10 years)
Your savings deserve a safe, guaranteed future.
Legal & Compliance Disclosure
Multi-Year Guaranteed Annuities (MYGAs) are fixed annuity contracts issued by insurance companies. MYGAs are not deposits and are not insured by the FDIC or any federal agency. They are not guaranteed by any bank or savings institution. All product guarantees are subject to the claims-paying ability of the issuing insurer. MYGAs may not be suitable for everyone. Consider consulting with a licensed financial professional before purchasing an annuity product.
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