Best 8-Year Fixed Annuity Rates for June 25, 2026

An 8-year fixed annuity (MYGA) locks a guaranteed rate for eight years with principal protection and tax-deferred growth – well beyond the horizon where bank CDs exist. Currently, the top 8-year fixed annuity rate is 5.40% from EquiTrust Life (Certainty Select 8, rated B++). One thing to know up front: right now the top 6-year rate (6.00%) is actually higher, so a longer term is not automatically the better deal – check the curve before you commit.

Best 8-Year Fixed Annuity Rates Today

Every rate below is pulled live from 90+ top annuity companies and refreshes every six hours. The current top 8-year rate is 5.40% from EquiTrust Life (Certainty Select 8, AM Best B++). Products marked SI use simple interest; rates vary by state and minimum premium.

What Is a 8-Year Fixed Annuity (MYGA)?

An 8-year fixed annuity locks one guaranteed interest rate for a 96-month term. It is among the longer guarantees on the rate sheet, suited to money with a defined long horizon – but because rates do not always rise with term length, an 8-year only makes sense when its rate justifies the extra commitment over a 5-, 6-, or 7-year.

Who Is a 8-Year Fixed Annuity For?

An 8-year MYGA fits a clearly defined long-term goal – money you know you will not touch for roughly eight years, a pre-retirement accumulation parking spot, or a long ladder rung – where locking a guaranteed rate that far out has real value. Given the current curve, compare it carefully against the 6- and 7-year before choosing it for term length alone.

8-Year Fixed Annuity vs. 8-Year CD: Which Pays More?

Banks effectively do not offer 8-year CDs, so the 8-year MYGA has no direct CD competitor – its value is the ability to guarantee a rate over a horizon where bank products simply end. The catch in today’s market is internal: the top 6-year MYGA pays 6.00% versus 5.40% for the 8-year, so the longer lock is not currently rewarded with a higher rate.

What Happens When the 8-Year Term Ends?

After eight years you get a maturity window to withdraw without surrender charges, renew, 1035 exchange, or annuitize. With an eight-year horizon, the rate environment at maturity may look very different, so read the notice and re-shop rather than auto-renewing.

How We Source Our Rates

Rates are sourced from AnnuityRateWatch and refreshed every six hours across the full independent market – not a curated shortlist. Our editorial floor is B+ or higher by AM Best; lower-rated products may appear in the full filterable table, always with the rating disclosed. Guarantees are backed by the claims-paying ability of the issuing insurer. State guaranty association limits apply and vary by state. Not a bank product; not FDIC insured.

8-Year Fixed Annuity Rate FAQs

What is the best 8-year fixed annuity rate right now?

Currently, the best 8-year fixed annuity rate is 5.40% from EquiTrust Life (Certainty Select 8, AM Best B++). Note that the top 6-year currently pays more – see the live table to compare terms.

Why would I choose an 8-year annuity if the 6-year pays more?

Right now you may not. The top 6-year (6.00%) out-pays the top 8-year (5.40%), so unless an 8-year product’s rate justifies the longer lock, a 6- or 7-year often makes more sense. Always compare the actual rate by term rather than assuming longer means higher.

Are there 8-year CDs?

No, essentially not. Banks rarely offer CDs beyond five years, so an 8-year MYGA is the practical way to lock a guaranteed rate over an eight-year horizon – its competition is other annuities, not CDs.

Should I lock in an 8-year annuity rate now?

Only if the rate and horizon both fit. With the Fed easing, locking a long rate can remove reinvestment risk, but today the 8-year does not pay a premium over shorter terms – so weigh it against the 6- and 7-year before committing eight years.

How is an 8-year MYGA taxed?

Interest in a non-qualified 8-year MYGA grows tax-deferred and is taxed as ordinary income when withdrawn (earnings first, under LIFO). Gains taken before age 59½ may face a 10% IRS penalty. IRA-held contracts follow IRA rules.

Can I withdraw money before the 8-year term ends?

Most 8-year MYGAs allow about a 10% penalty-free withdrawal each year, but the surrender period is long – larger early withdrawals can trigger surrender charges and a market value adjustment. Only commit money you can leave for the full term.

What happens when my 8-year term ends?

You get a maturity window to withdraw penalty-free, renew, 1035 exchange, or annuitize. Given the long horizon, compare current rates carefully at maturity rather than letting the contract auto-renew.

How does an 8-year MYGA fit into an annuity ladder?

An 8-year rung sits at the far end of a ladder, locking a long rate while shorter rungs provide periodic liquidity. In today’s market, many laddered savers favor 6- or 7-year rungs because they pay more than the 8-year.

Are 8-year fixed annuities safe?

Guarantees rest on the issuing insurer’s claims-paying ability, backstopped by state guaranty association coverage (limits vary by state; not FDIC). Because the commitment is long, carrier financial strength matters even more – favor higher-rated insurers.

Can I fund an 8-year MYGA with my IRA?

Yes. An 8-year MYGA can be held in a Traditional, Roth, or SEP IRA or funded from a 401(k) rollover via direct transfer, locking a long-horizon guaranteed rate inside the account.

Do 8-year annuity rates vary by state or deposit amount?

Yes. Availability and the exact rate depend on your state, premium size, and optional features. The live table reflects what is offered where you live.

Who Is Behind This Page?

Jason Caudill, MBA, is the founder of My Annuity Store and has spent his career helping clients protect retirement savings with annuities from top carriers. My Annuity Store is independent and not affiliated with any single carrier, so the rankings here reflect the full market, not one company’s lineup. My Annuity Store is 100% independent and licensed in 47 states.

More on Fixed Annuity Rates

• All fixed annuity rates
• 2-year · 3-year · 4-year · 5-year · 6-year · 7-year · 8-year · 9-year · 10-year
• Fixed annuity vs. CD
• What is a MYGA? Complete guide