Best Fixed Annuity Rates Table of Contents

Our Best Annuity Rates Today

A fixed annuity, or multi-year guarantee annuity (MYGA), is essentially a CD that is issued by an insurance company rather than a bank. They pay a specified rate for a set number of years (usually 3-10).

InsurerAnnuityTermRate
Guaranty Income LifeGuaranty Rate Lock 9 Low Band9 yrs3.00
Fidelity & Guaranty LifeFG Guarantee-Platinum 77 yrs2.90
Guaranty Income LifeGuaranty Rate Lock 10 Low Band10 yrs2.90
Fidelity & Guaranty LifeFG Guarantee-Platinum 55 yrs2.75
Guggenheim Life and Annuity CompanyPreserve MYGA 10 Low Band10 yrs2.75
Guaranty Income LifeGuaranty Rate Lock 8 Low Band8 yrs2.65
American Equity Investment Life Insurance CompanyGuaranteeShield 55 yrs2.65
Guggenheim Life and Annuity CompanyPreserve MYGA 9 Low Band9 yrs2.60
Sagicor Life Insurance CompanyMilestone MYGA 7 Mid Band7 yrs2.60
Guaranty Income LifeGuaranty Rate Lock 7 Low Band7 yrs2.55
Guggenheim Life and Annuity CompanyPreserve MYGA 8 Low Band8 yrs2.50
Oxford Life Insurance CompanyMulti-Select 88 yrs2.50
Guaranty Income LifeRateWise Annuity 7 Year7 yrs2.50
Oxford Life Insurance CompanyMulti-Select 77 yrs2.50
Oxford Life Insurance CompanyMulti-Select 66 yrs2.50
Sagicor Life Insurance CompanyMilestone MYGA 6 Mid Band6 yrs2.50
Oxford Life Insurance CompanyMulti-Select 99 yrs2.45
Sagicor Life Insurance CompanyMilestone MYGA 6 CA Mid Band6 yrs2.45
Oxford Life Insurance CompanyMulti-Select 1010 yrs2.45
Guggenheim Life and Annuity CompanyPreserve MYGA 7 Low Band7 yrs2.40
Oxford Life Insurance CompanyMulti-Select 44 yrs2.40
American Equity Investment Life Insurance CompanyGuaranteeShield 33 yrs2.40
Guaranty Income LifeGuaranty Rate Lock 6 Low Band6 yrs2.35
Oxford Life Insurance CompanyMulti-Select 55 yrs2.35
American National Insurance CompanyPalladium MYG Annuity 9 Low Band9 yrs2.30
American National Insurance CompanyPalladium MYG Annuity 10 Low Band10 yrs2.30
Guaranty Income LifeGuaranty Rate Lock 5 Low Band5 yrs2.25
Sagicor Life Insurance CompanyMilestone MYGA 5 Mid Band5 yrs2.25
American National Insurance CompanyPalladium MYG Annuity 8 Low Band8 yrs2.20
Guaranty Income LifeGuaranty 8 Annuity8 yrs2.20
American National Insurance CompanyPalladium MYG Annuity 7 Low Band7 yrs2.20
The StandardFocused Growth Annuity 7 Low Band7 yrs2.20
American National Insurance CompanyPalladium MYG Annuity 6 Low Band6 yrs2.20
Guggenheim Life and Annuity CompanyPreserve MYGA 6 Low Band6 yrs2.20
The StandardFocused Growth Annuity 5 Low Band5 yrs2.20
Guaranty Income LifeGuaranty Rate Lock 4 Low Band4 yrs2.15
Great American Life Insurance CompanySecureGain 7 Low Band7 yrs2.10
Guaranty Income LifeGuaranty 6 Annuity6 yrs2.10
Guaranty Income LifeRateWise Annuity 5 Year5 yrs2.10
Reliance Standard LifeEleos MVA5 yrs2.10
Fidelity & Guaranty LifeFG Guarantee-Platinum 33 yrs2.10
Athene IAAthene Max Rate 7 Low Band7 yrs2.00
Integrity Life Insurance CompanyMultiVantage 77 yrs2.00
Mutual of OmahaUltra Premier 77 yrs2.00
National Integrity Life InsuranceMultiVantage 77 yrs2.00
American National Insurance CompanyPalladium MYG Annuity 5 Low Band5 yrs2.00
Global Atlantic Financial GroupSecureFore 55 yrs2.00
Guaranty Income LifeRateWise Annuity 5 Year (Liquidity)5 yrs2.00
Guggenheim Life and Annuity CompanyPreserve MYGA 5 Low Band5 yrs2.00
Integrity Life Insurance CompanyMultiVantage 55 yrs2.00
National Integrity Life InsuranceMultiVantage 55 yrs2.00
Guaranty Income LifeGuaranty 4 Annuity4 yrs2.00
Integrity Life Insurance CompanyMultiVantage 44 yrs2.00
National Integrity Life InsuranceMultiVantage 44 yrs2.00
Guaranty Income LifeGuaranty Rate Lock 3 Low Band3 yrs2.00
Integrity Life Insurance CompanyMultiVantage 1010 yrs2.00
National Integrity Life InsuranceMultiVantage 1010 yrs2.00
Reliance Standard LifeEleos SP5 yrs1.95
Guggenheim Life and Annuity CompanyProOption MYGA 10 with ROP10 yrs1.95
American Equity Investment Life Insurance CompanyGuarantee 7 (ICC13 MYGA)7 yrs1.90
Athene IAAthene Max Rate 5 Low Band5 yrs1.90
Great American Life Insurance CompanySecureGain 5 Low Band5 yrs1.90
Guaranty Income LifeGuaranty Rate Lock 4 (Non MVA) Low Band4 yrs1.90
American Equity Investment Life Insurance CompanyGuarantee 6 (ICC13 MYGA)6 yrs1.85
Mutual of OmahaUltra Premier 55 yrs1.85
Guaranty Income LifeRateWise Annuity 3 Year3 yrs1.85
North American CompanyGuarantee Choice 7 Low Band7 yrs1.80
American Equity Investment Life Insurance CompanyGuarantee 5 (ICC13 MYGA)5 yrs1.80
Great American Life Insurance CompanySecureGain 5 No MVA Low Band5 yrs1.80
Guggenheim Life and Annuity CompanyPreserve MYGA 4 Low Band4 yrs1.80
Sagicor Life Insurance CompanyMilestone MYGA 4 Mid Band4 yrs1.80
The StandardFocused Growth Annuity 10 Low Band10 yrs1.80
Guggenheim Life and Annuity CompanyProOption MYGA 7 with ROP7 yrs1.75
Integrity Life Insurance CompanyNew Momentum 77 yrs1.75
National Integrity Life InsuranceNew Momentum 77 yrs1.75
Guaranty Income LifeRateWise Annuity 3 Year (Liquidity)3 yrs1.75
National Integrity Life InsuranceNew Momentum 1010 yrs1.75
Sagicor Life Insurance CompanyMilestone MYGA 3 Mid Band3 yrs1.70
Sagicor Life Insurance CompanyMilestone MYGA 3 FL Mid Band3 yrs1.70
Guggenheim Life and Annuity CompanyPreserve MYGA 3 Low Band3 yrs1.60
Oxford Life Insurance CompanyMulti-Select 33 yrs1.60
The StandardFocused Growth Annuity 3 Low Band3 yrs1.60
North American CompanyGuarantee Choice 10 Low Band10 yrs1.55
Mutual of OmahaUltra - Secure Plus 7 High Band7 yrs1.50
Global Atlantic Financial GroupSecureFore 33 yrs1.50
Guggenheim Life and Annuity CompanyProOption MYGA 5 with ROP5 yrs1.45
North American CompanyGuarantee Choice 5 Low Band5 yrs1.45
American General Life Insurance CompanyAmerican Pathway VisionMYG 4 Low Band4 yrs1.45
North American CompanyGuarantee Choice 3 Low Band3 yrs1.40
Principal Financial GroupPrincipal Preferred Series Annuity 7 Mid Band7 yrs1.35
Principal Financial GroupPrincipal Preferred Series Annuity 6 Mid Band6 yrs1.35
Principal Financial GroupPrincipal Preferred Series Annuity 5 Mid Band5 yrs1.35
Great American Life Insurance CompanySecureGain 3 Low Band3 yrs1.35
Principal Financial GroupPrincipal Select Series 9 Low Band9 yrs1.30
Athene IAAthene Max Rate 3 Low Band3 yrs1.30
Principal Financial GroupPrincipal Select Series 6 Low Band6 yrs1.25

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Our Best Fixed Annuity Rates by Term

TermInsurerAnnuityA.M. BestRate
3yrAmerican EquityGuaranteeShield 3B++2.40%
4yrOxford Life Insurance CoMulti-Select 4A-2.80%
5yrSagicor LifeMilestone MYGA 5B++2.90%
6yrOxford Life Insurance CoMulti-Select 6A-2.90%
7yrFidelity & Guaranty LifeFG-Guarantee Plantinum 7A-2.90%
8yrOxford LifeMulti-Select 8A-2.95%
9yrGuaranty Income LIfeGuaranty Rate Lock 9B++3.00%
10yrOxford LIfeMulti-Select 10A-3.00%

Shop Fixed Annuity Rates by Term

What is a Fixed Annuity?

A fixed annuity is essentially a Certificate of Deposit (CD) sold by an insurance company instead of a bank. Fixed annuities pay a guaranteed rate of return for a specified period of time (usually 3-10 years).

In addition to providing a guaranteed rate of return for the investment term, fixed annuities, and all annuities, give you the opportunity to turn those savings into lifelong pension-like income. 

The fixed annuity guarantee is backed by the financial strength of the issuing insurance company.

IMPORTANT NOTE: You have likely heard of a fixed annuity referred to as any of these other names:CD-Type Annuity

    • Multi Year Guaranteed Annuity (MYGA)
    • Single Premium Deferred Annuity (SPDA)
    • Traditional Fixed Annuity
    • Flexible Premium Deferred Annuity (FPDA)
If you would like the ability to earn more when the markets perform well and also have protection from potential market downturns a fixed index annuity may be a better solution for you.
ibbotson whitepaper on fixed indexed annuities download

Fixed Annuity Definition:

With a fixed annuity, the insurance company guarantees both the rate of return (the interest rate) and the payout to the investor. Although the word “fixed” might suggest otherwise, the interest rate on a fixed annuity can change over time. 

The contract will explain whether, how and when this can happen. Often the interest rate is fixed for a number of years and then changes periodically based on current rates. Payouts can be for an entire lifetime, or you can choose another time period.¹

Source: (1) “Learn to Invest, Investment Types, Annuities, Fixed Annuities.”  Financial Industry Regulatory Authority (FINRA).  Visit FINRA’s Fixed Annuities Webpage

Illustration of woman with money going into safe and then the money coming out and the woman has aged

Finding the Best Fixed Annuity Rates

Fixed annuities, or MYGAs, are the simplest of all annuities making them the easiest variety to shop for and compare. However, there are still a few important items to consider besides just looking for the highest guaranteed rate of return. If you’ve never purchased an annuity before you may find our Ultimate Guide to Fixed Annuities to be very useful.

Duration: Typically the longer contract you purchase the higher your guaranteed interest rate will be. But that is not the case, especially given the current inverted yield curve. 

Liquidity: Most all fixed annuities have some type of annual free withdrawals, but the amount available varies by product. You’ll see most of the fixed annuities at our marketplace provide interest-only withdrawals annually. Others allow for 10% Free Withdrawals (10% of previous years account value) annually. 

Insurer Company’s Financial Rating: An insurance companies financial ratings are an indicator of an insurers’ ability to fulfill financial commitments to it’s policyholders. 

Usually, a lesser rated insurance company will offer higher fixed annuity rates, but that is not always the case.  Want to learn more about insurance company financial ratings?

Fixed Annuity FAQs

Yes. Insurance companies as a whole have a long history of stability, even through our nation’s most difficult economic times. Fixed annuities, unlike variable annuities, are backed by the full faith and credit of the issuing insurance company

 
 

Yes. Insurance companies as a whole have a long history of stability, even through our nation’s most difficult economic times. Fixed annuities, unlike variable annuities, are backed by the full faith and credit of the issuing insurance company

In the broadest terms, an annuity is a contract between you and an insurance company, where you make a premium payment(s) in exchange for the benefits defined in the contract.

In the broadest terms, an annuity is a contract between you and an insurance company, where you make a premium payment(s) in exchange for the benefits defined in the contract.

You will find a comprehensive list of frequently asked questions on our FAQ page.

Fixed Annuity vs. CD's

Fixed annuities are work very much like a certificate of deposit (CD). Both a fixed annuity and a CD provide principal protection, meaning your account value will not decrease due to market performance.

 A fixed annuity, or MYGA, guarantees a set interest rate for a specified period of time – just like a CD. However, Fixed annuity guarantees are backed by the claims paying ability of the issuing insurance company and are not insured by the FDIC like a CD.

 FIXED ANNUITYCD (CERTIFICATE OF DEPOSIT)
SOLD BYInsurance CompaniesBanks
AMOUNT YOU CAN INVEST$2,000 - $1,000,000Essentially Any Amount
INVESTMENT DURATION3 years - 10 years3 months - 5 years
INTEREST RATESVaries by insurer, term and investment amount. Typically higher than CDsVaries by financial institution, term and investment amount.
LIQUIDITYVaries by insurer and annuity. Usually either 10% of account value or accumulated interest annually.Almost always accumulated interest.
GUARANTEESBacked by the claims paying ability of issuing Insurer and by State Guaranty Funds.Backed by the FDIC up to $250,000 per depositor, per institution.
DEATH BENEFITAsset passed directly to beneficiary without going through the probate processProbate process required to pass asset to heirs

Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. does not advise clients on the purchase of non-fixed annuity products. The information presented here is not intended to be a recommendation to purchase a fixed annuity (MYGA), fixed index annuity(FIA), variable annuity (VA), registered index linked annuity (RILA), immediate annuity (SPIA), longevity annuity, or Qualified Longevity Annuity Contract (QLAC). 

The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts which are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns. 

The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and it does not provide tax or legal advice. You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, annuity with long term care rider, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract are suitable in your financial situation.