MYGA Rates 2026: Best Fixed Annuity Rates Compared

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Quick Answer: MYGA rates in 2026 are among the most competitive in over a decade. Top 3-year rates reach 5.65%, 5-year rates reach 6.30%, and 7-year rates top 6.50% — all with full principal protection and tax-deferred growth. These rates significantly exceed comparable CD rates and current bond fund yields, making MYGAs one of the most efficient guaranteed income tools available for retirees today.

MYGA Rates in 2026: Where Things Stand

Multi-year guaranteed annuity rates are directly influenced by the interest rate environment — primarily the 10-year Treasury yield and investment-grade corporate spreads. With rates elevated well above the near-zero environment of 2015–2021, MYGAs in 2026 offer the most attractive guaranteed rates seen in more than a decade.

For retirees and pre-retirees who spent years watching their CDs renew at 0.5% and 1.0%, the current rate environment is a meaningful shift. A guaranteed 6.30% for five years on a fully principal-protected product was unimaginable as recently as 2020. Today it is a standard offering from multiple A-rated carriers.

Understanding the rate landscape — what drives it, what to look for when comparing products, and how to ensure you capture the best available rate for your premium and term — is the foundation of a smart MYGA purchase.

Current MYGA Rate Snapshot (2026)

The following rates represent the competitive range currently available from top-rated carriers. Actual rates at any given moment depend on your state, premium amount, and the specific carrier. Working with an independent advisor with access to 20 or more carriers is the best way to identify the highest available rate for your specific situation.

Term	Sample Rate	Mo. Income on $100K	5-Year Total on $100K	Type
3-Year MYGA	5.65%	$471	$118,010*	Guaranteed
5-Year MYGA	6.30%	$525	$135,773*	Guaranteed
7-Year MYGA	6.50%	$542	$154,036*	Guaranteed
10-Year MYGA	6.05%	$504	$179,585*	Guaranteed

*Compounded total at term end on $100,000 initial premium. Monthly income figures annualized and divided by 12. Rates illustrative — see live MYGA rate comparison for current figures.

MYGA Rates vs CDs vs Bond Funds: How They Compare

Context matters when evaluating a MYGA rate. Here is how 2026 MYGA rates stack up against the two most common alternatives retirees consider for their safe money allocation.

MYGA vs CD Rates

Competitive 5-year CDs from online banks currently yield approximately 4.75% to 5.0%. The best 5-year MYGA rates come in at 6.0% to 6.3%. That is a gap of 100 to 155 basis points for the same five-year commitment and comparable principal protection. On $200,000, that rate differential produces $200 to $258 more per month — and MYGA interest compounds tax-deferred, while CD interest is taxed annually. View our detailed annuity vs CD comparison for a full breakdown.

MYGA vs Bond Fund Yields

Broad bond ETFs like AGG and BND yield approximately 4.38% to 4.41% at current prices. High-yield bond ETFs like HYG yield around 6.21% — but with meaningful credit risk and significant daily price volatility. The 5-year MYGA at 6.30% compares favorably to even the high-yield bond ETF yield, but with zero price risk, zero credit exposure to corporate defaults, and a fully guaranteed principal. The comparison is stark: similar income, dramatically different risk profile.

What Determines the Rate You Are Quoted?

Not every person shopping a MYGA receives the same rate. Several factors determine what you are offered, and understanding them helps you maximize your yield.

Carrier Selection

Rate variance between carriers for the same term and premium amount can easily reach 0.50% to 0.75%. On $200,000 over seven years, a 0.5% rate difference produces approximately $7,700 in additional accumulated interest. There is no cost to shopping — an independent advisor runs the comparison for you across their full carrier shelf at no charge.

Premium Amount

Many carriers offer tiered rates based on premium size. A $100,000 deposit might yield 6.10%, while a $250,000 deposit with the same carrier and same term might yield 6.40%. If you are deploying a meaningful amount, it is worth asking explicitly whether a higher premium tier is available and at what threshold.

State of Residence

Some carriers do not offer products in every state, and certain state regulations affect product availability. This is another reason working with an independent advisor with a broad carrier network is more efficient than approaching carriers directly — they know which products are available and approved in your state.

Market-Value Adjustment (MVA) vs Non-MVA Products

MYGAs come in two structural variants: standard (non-MVA) and market-value adjusted. MVA products often offer slightly higher rates in exchange for an adjustment to surrender value if you exit early during the term. At maturity, the MVA has no effect — you receive the full guaranteed value. For investors who commit to holding to maturity, an MVA product can capture an additional 10 to 25 basis points of yield with no practical downside. Your advisor can explain the specific MVA terms before you decide.

How to Get the Best Available MYGA Rate

The best practice for MYGA shopping is simple: work with an independent, fee-transparent advisor who represents multiple carriers — not a captive agent representing one company. Independent advisors can quote you the top rate available across their entire carrier shelf for your chosen term and premium, then present the top two or three options with their respective carrier ratings, so you can make an informed decision balancing rate and financial strength.

The advisor is compensated by the carrier — not by you directly — so their research costs you nothing. Find a SafeMoney certified advisor near you to start your comparison, or use the MYGA rates hub to review current rates by term before your conversation.

Frequently Asked Questions

What are the best MYGA rates in 2026?

Top MYGA rates in 2026 vary by term: 3-year products are reaching 5.65%, 5-year products 6.30%, 7-year products 6.50%, and 10-year products approximately 6.05%. These are sample rates from competitive carriers — actual rates depend on your premium amount, state of residence, and the specific carrier. Working with an independent advisor who shops multiple carriers typically produces rates 0.25% to 0.75% above what you would find going directly to a single carrier.

Are MYGA rates better than CD rates right now?

Yes, in most comparisons. Top 5-year MYGA rates in 2026 exceed competitive 5-year CD rates by roughly 125 to 155 basis points. On $100,000 over five years, that difference accumulates to approximately $7,500 to $9,000 in additional interest. Add in the tax-deferral advantage of the MYGA — which prevents annual tax drag on accumulating interest — and the effective gap widens further for retirees in moderate or higher tax brackets.

Is a 5-year or 7-year MYGA better?

In 2026, 7-year MYGAs offer slightly higher rates than 5-year products. The right choice depends entirely on your timeline. If you have a defined use for the funds in five years — supplementing income, addressing a specific expense, or reassessing the rate environment — a 5-year MYGA is better even at a slightly lower rate. If you are confident you can commit the funds for seven years and want to lock in the highest available guaranteed rate, the 7-year product wins on yield. An advisor can help you map your income timeline to the optimal term.

Do MYGA rates change after I purchase?

No. That is the defining feature of a MYGA — the rate you are quoted at purchase is locked for the entire term. If market rates rise after you buy, your rate stays where it is; if market rates fall, you continue earning your locked rate. This certainty is the core value proposition. At maturity, you have the opportunity to renew at whatever rates are current at that time, which may be higher or lower than your original rate depending on the interest rate environment.

• 2026 MYGA rates are among the most competitive in over a decade: 5-year rates reaching 6.30%, 7-year rates reaching 6.50% — all with full principal protection.
• MYGA rates exceed competitive CD rates by 100 to 175 basis points in 2026 — a meaningful income advantage on any balance size.
• Tax deferral compounds the rate advantage further: MYGA interest grows without annual taxation, improving effective yield versus CDs for most retirees.
• Rate variance between carriers for the same term can reach 0.75% — always shop multiple carriers through an independent advisor before committing.
• Premium tiers matter: larger deposits often qualify for higher rates — ask explicitly whether a premium threshold unlocks a better rate at your target carrier.
• View our live MYGA rates comparison page for current rates by term, then connect with an advisor to shop across carriers.

Ready to see the best available MYGA rate for your premium amount and timeline? Connect with a SafeMoney certified advisor who will compare current rates across top-rated carriers — at no cost to you.