Best Fixed Annuity Rates December 2021

A fixed annuity or Multi Yield Guaranteed Annuity (MYGA) is a tax-deferred retirement savings account that earns a specified interest rate for a set period of time similar to a CD.

A fixed annuity is essentially a CD that is issued by an insurance company instead of a bank as they provide a guaranteed interest rate principal protection. For example, if you purchase a 5-year fixed annuity with a 3.00% annuity rate, your annuity will earn 3.00% interest guaranteed for 5 years.  

You can not lose your money in a fixed annuity due to stock market volatility because fixed annuities are an insurance product; not a stock market investment.

Fixed Annuity Rates

CD vs Fixed Annuity

Fixed annuities work very much like a certificate of deposit (CD). A fixed annuity or multi-year guaranteed annuity (MYGA) annuity rates are guaranteed for a set period of time specified at the time of purchase.

Fixed annuity rates are usually higher than bank CD rates.

Issued ByInsurance CompaniesBanks
Investment Amount$2,000 – $1,000,000Essentially Any Amount
Investment Term2 years – 10 years3 months – 5 years
Interest Rates (APY)Rates vary by product but usually higher than CDs.Varies by financial institution, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by claims-paying ability of issuing Insurer & State Guaranty Associations.Backed by the FDIC up to $250,000 per depositor, per institution.
Death BenefitPassed directly to the beneficiary without probate process.Probate process required.

Best 3 Year Fixed Annuity Rates 2021

Our top 3 year guaranteed annuity rate is 2.35% available in the Oceanview Harbourview 3. Below are our most popular 3 year annuities for November.

 Annuity CompanyRatingAnnuityLiquidity
Yr 1 / Yr 2+
Oceeanview logoOceanview Life
A-Harbourview 30% / 10%2.35%Apply
Sagicor life logoSagicor Life InsuranceA-Milestone MYGA 3 ($100K+)0% / 10%2.30%Apply
American life logoAmerican LifeB++American Classic 3 MYGA0% / 10%2.25%Apply
Liberty bankers life logoLiberty BankersB++Bankers Elite 3None2.00%Apply
Western and southern logoWestern & SouthernA+SmartSelect ($100K+)10%1.90%Apply
Liberty bankers life logoLiberty BankersB++Bankers 3Interest Only1.85%Apply
Fidelity & guaranty life annuity logoFidelity & Guaranty LifeA-FG Guarantee-Platinum 3Interest Only1.85%Apply

Best 5 Year Fixed Annuity Rates 2021

Our best 5 year fixed annuity rate is 3.15% as of November 4th, 2021. it is available in the Sentinel Security Life Personal Choice Annuity 5. 

Best 7 Year Fixed Annuity Rates 2021

The best 7 year fixed annuity rate is 3.20% as of November 10th, 2021. 

Annuity CompanyRatingFixed AnnuityRate
Atlantic Coast LifeB++Safe Harbor 3.22%
Sentinel Security Life B++Personal Choice Annuity 73.20%
Nassau Life and AnnuityB+Nassau MYANassau-MYAnnuity 7 0% Free3.10%
Sagicor Life InsuranceA-Milestone MYGA 7 ($100K+)3.00%
Oceanview Life and AnnuityA-Harbourview 72.95%
Nassau Life and AnnuityB+Nassau MYAnnuity 7 10%/Free2.90%
Fidelity & Guaranty LifeA-F&G Platinum 7FG Guarantee-Platinum 72.70%
Oxford Life InsuranceA-Multi-Select 72.70%

Best 10 Year Fixed Annuity Rates 2021

The highest guaranteed annuity rate today is a 10 year fixed annuity paying 3.25%. 

Annuity CompanyAM BestFixed AnnuityRate
Atlantic Coast LifeB++Safe Haven 103.25%
Sentinel Security Life B++Personal Choice Annuity 103.25%
Oceanview LifeA-Harbourview 103.05%
Oxford Life InsuranceA-Multi-Select 102.90%
Guggenheim Life and AnnuityB++Preserve MYGA 10 $10K+2.85%
American NationalAPalladium MYG Annuity 10 2.55%
Reliance StandardA++Reliance Guarantee2.30%

Popular Fixed Annuity Rates by Term

Below are today’s best guaranteed annuity rates for 2 year to 10 year annuity contracts.

2 yrsSILACSecure Savings Elite 22.15%B+NoneApply
3 yrsOceanview Life Harbourview 32.35%A-0%/ 10%Apply
4 yrsOceanview Life Harbourview 42.60%A-0%/ 10%Apply
5 yrsAtlantic Coast LifeSafe Harbor3.15%B++NoneApply
6 yrsAtlantic Coast LifeSafe Haven3.17%B++NoneApply
7 yrsSentinel Security LifePersonal Choice3.20%B++NoneApply
8 yrsAtlantic Coast LifeSafe Harbor3.20%B++Int. / 10%Apply
9 yrsLiberty Bankers LifeBankers Elite 93.00%B++NoneApply
10 yrsAtlantic Coast LifeSafe Haven3.25%B++NoneApply

Get an Annuity Quote

Complete the form below and we’ll email you a personalized annuity quote within 4 business hours. If your request is urgent contact us at (855) 583-1104 or via email at You can also visit our annuity calculators page and use one of 20 calculators right now.

How are Annuities Taxed?

Interest earned in a fixed annuity grows tax-deferred which means you don’t pay taxes on the interest you earn until you withdraw it.

How are Roth IRA Annuities Taxed?

If you purchase a fixed annuity with funds from a Roth or Roth 401(k) it is very likely you won’t have to pay federal income tax at all on the money when you withdraw it from your annuity. That includes the principal and interest.

How are Qualified Annuities Taxed?

Any annuity purchased with qualified funds, like a 401(k) or IRA, is considered a qualified annuity. Qualified funds are monies that you have never paid taxes on such as a traditional IRA or a traditional 401(k). 

When you begin to make withdraws from a qualified annuity you will pay normal federal income taxes. Meaning, 100% of your annuity is treated as ordinary income and 100% of the funds will be taxed when they are taken.

Non-Qualified Annuity Taxation

A non-qualified annuity is an annuity purchased with after tax-dollars such as money from savings, checking accounts, or a personal brokerage account.

If you own a non-qualified annuity, you will pay ordinary income tax on the interest you earn (gain), but will not have to pay taxes on your original premium deposit amount (cost basis).

Fixed Annuity Pros and Cons



  • Withdrawals Prior to Age 59½ May Have a 10% IRS penalty.
  • Offer Limited Lifetime Income Options
  • Surrender charges for excess withdrawals during the initial surrender period (contract term).
  • While current fixed annuity rates are higher than CD rates they don’t yield equity-like returns.

US Treasury Yields

How much interest do fixed annuities pay

You can use the fixed annuity calculator below and find out how much interest an annuity pays monthly or quarterly. To calculate you only need to enter:

  • your investment amount
  • the fixed annuity rate
  • the fixed annuity contract term


By default, you’ll see what your annuity will be worth at the end of your annuity term; assuming you don’t take any withdrawals and allow the interest you earn to compound.

To see how much monthly interest a fixed annuity will pay click the “monthly tab” (to the right of the annually tab).

Best Fixed Annuity Companies

Insurance CompanyA.M. Best
2019 Fixed
Annuity Sales
New York LifeA++100$9,863,105.00
AIG CompaniesA82$7,237,372.00
Global Atlantic Financial GroupA75$4,684,876.00
Massachusetts Mutual LifeA++98$3,854,866.00
Pacific LifeA+93$2,873,727.00
Principal Financial GroupA91$2,844,881.00
Western Southern GroupA+96$2,468,257.00
Symetra FinancialA82$2,103,435.00
Great AmericanA82$1,403,162.00
New York LifeRating
A.M. Best Rating (15 possible)A++ (1)
Fitch (21 possible)AAA (1)
Standard & Poor's (20 possible)AA+ (1)
Moody's (21 possible)Aaa (1)

#1. Selling New York Life Fixed Annuity: New York Life Secure Term Choice II Fixed Annuity

American General Life Insurance CompanyRating
A.M. Best Company (Best's Ratings, 15 Ratings)A (3)
Moody's (Financial Strength, 21 Ratings)A2 (6)
Standard & Poor's (Financial Strength, 20 Ratings)A+ (5)
Fitch Ratings (Financial Strength, 21 Ratings)A+ (5)
Weiss (Safety Rating, 16 Ratings)B (5)
Comdex Ranking (Percentile in Rated Companies)82

#1. Selling Fixed Annuity: American Pathway Vision

Global Atlantic Financial Group Rating
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A3 (7)
Fitch (21 possible ratings)A (6)
Standard & Poor's (Financial Strength, 20 Ratings)A- (7)
Comdex (percentile of all rating companies)75

#1. Selling Fixed Annuity: SecureFore Fixed Annuity

Massachusetts Mutual Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A++ (1)
Fitch (21 possible)AA+ (2)
Standard & Poor's (20 possible)AA+ (2)
Moody's (21 possible)Aa3 (4)

#1. Selling Fixed Annuity: Mass Mutual Stable Voyage

Pacific Life Insurance Company Rating
700 Newport Center Dr, Newport Beach, CA 92660
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A1 (5)
Fitch (21 possible ratings)AA- (4)
Standard & Poor's (Financial Strength, 20 Ratings)AA- (4)
Comdex (percentile of all rating companies)93

#1. Selling Pacific Life Fixed Annuity: Pacific Secure Income

Principal logo

#6. Principal Financial Group

Principal Financial GroupRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)A+ (5)
Moody's (21 possible)A1 (5)

#1. Selling Fixed Annuity: Principal Select Series Annuity

Western & Southern Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA (3)
Standard & Poor's (20 possible)AA- (4)
Moody's (21 possible)Aa3 (4)

#1. Selling Fixed Annuity: MultiVantage Series 

Symetra logo

#8. Symetra Financial

A.M. Best Rating (15 possible)A (3)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)A (6)
Moody's (21 possible)A1 (5)
Met Life - Metropolitan Life Insurance CompanyRatings
A.M. Best Rating (15 possible)A+ (2)
Fitch (21 possible)AA- (4)
Standard & Poor's (20 possible)AA- (4)
Moody's (21 possible)AA3 (4)
Great American Life Insurance CompanyRating
301 E Fourth St., Cincinnati, OH 45202
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A2 (6)
Standard & Poor's (20 possible ratings)A+ (5)
Comdex (percentile of all rated companies)82

#1. Selling Annuity: SecureGain

Best Fixed Annuity Rates 2021

Fidelity and Guaranty FG Guarantee Platinum 55 Years2.65%A-Apply
SILAC Insurance CoSecure Savings Elite 55 Years2.70%B+Apply
Guaranty Income Life Rate Lock 8 $250K8 Years2.75%BApply
Liberty Bankers LifeBankers Elite 5 (NO W/D)5 Years2.75%A-Apply
Fidelity and Guaranty FG Guarantee Platinum 77 Years2.80%A-Apply
SILAC Insurance CoSecure Savings Elite 55 Years2.80%B+Apply
Guaranty Income Life Rate Lock 9 9 Years2.90%B++Apply
Liberty Bankers LifeBankers Elite 7 (NO W/D)7 Years2.90%AApply
SILAC Insurance CoSecure Savings Elite 55 Years2.95%B+Apply
Guaranty Income Life Rate Lock 9 - $250K+9 Years3.00%B++Apply
Liberty Bankers LifeBankers Elite 9 (NO W/D)9 Years3.00%AApply
Atlantic Coast LifeSafe Harbor (Most States)5 Years3.15%B++Apply
Atlantic Coast LifeSafe Haven (Most States)6 Years3.07%B++Apply
Security Sentinel LifePersonal Choice7 Years3.20%B++Apply
Atlantic Coast LifeSafe Harbor (Most States)10 Years3.25%B++Apply
Guaranty Income Life Rate Lock 88 Years2.65%B++Apply
OceanviewOceanview Harbourview 4 Year 4 Years2.60%A-Apply
SagicorMilestone MYGA 7 $100K+7 Years2.60%AApply
SagicorMilestone MYGA 5 $100K+5 Years3.00%A-Apply
SagicorMilestone MYGA 6 $100K6 Years2.50%A
American LifePlan Gap5 Years2.45%B++Apply
American NationalPalladium MYG 6yr $250K+6 Years2.45%A Apply
American NationalPalladium MYG -7yr $250K+7 Years2.45%AApply
SagicorMilestone MYGA $50K+7 Years2.40%AApply
OceanviewOceanview Harbourview 3 Year MYGA3 Years2.35%A-Apply
SagicorMilestone MYGA 6 > $50K6 Years2.35%A
American NationalPalladium MYG 6yr $100K+6 Years2.30%A
American NationalPalladium MYG -7yr $100K+7 Years2.30%A
American LifeAmerican Classic 33 Years2.25%B
Reliance StandardEleos MVA5 Years2.25%A
United of OmahaUltra-Premier 77 Years2.25%A+
Delaware LifePinnacle 77 Years2.25%A
American NationalPalladium MYG 6yr < $100K6 Years2.20%A
American National Palladium MYG 7yr < $100K7 Years2.20%A
SILAC Insurance CoSecure Savings Elite 22 Years2.15%B+
American NationalPalladium MYG -5yr $250K+5 Years2.15%A
StandardFocused Growth 7 $100K+7 Years2.15%A
Liberty Bankers LifeBankers Elite 3 (NO W/D)3 Years2.10%A
SagicorMilestone MYGA 4 >$100K4 Years2.10%A
Reliance StandardEleos-SP5 Years2.10%A++
SagicorMilestone MYGA 5 < $50K5 Years2.10%A
SagicorMilestone MYGA 3 - $100K+3 Years2.05%A-
StandardFocused Growth 5 $100K+5 Years2.05%A
Standard Focused Growth 7 < $100K7 Years2.05%A
American NationalPalladium MYG 3yr 250K+3 Years2.00%A
United of OmahaUltra Premier 55 Years2.00%A
Delaware LifePinnacle 55 Years2.00%A-
Delaware LifePinnacle 55 Years2.00%A-
American Equity GuaranteeShield 55 Years2.00%A
Fidelity and Guaranty FG Guarantee Platinum 33 Years1.95%A-
StandardFocused Growth 5 <$100K5 Years1.95%A
American NationalPalladium MYG 5yr $100K+5 Years1.90%A
SagicorMilestone MYGA 6 <$50K6 Years1.90%A-
SILAC Insurance CoSecure Savings Elite 22 Years1.85%B+
American NationalPalladium MYG 3yr $100K+3 Years1.85%A
SILAC Insurance CoSecure Savings Elite 22 Years1.75%B+
American NationalPalladium MYG 3yr < $100K3 Years1.75%A
American GeneralPathway Vision MYG 4 $100K4 Years1.70%A
OceanviewOceanview Harbourview 2 2 Years1.65%A-
SagicorMilestone MYGA 5 - <$50K5 Years1.65%A-
SagicorMilestone MYGA 4 $50K+ 4 Years1.60%A-
SagicorMilestone MYGA 3 $50K+3 Years1.50%A
StandardFocused Growth 3 - $100K+3 Years1.50%A
Delaware LifePinnacle 33 Years1.45%A-
American Equity GuaranteeShield 33 Years1.45%A
StandardFocused Growth 3 < $100K3 Years1.40%A
SagicorMilestone MYGA 3 - <$50K3 Years1.10%A-
SagicorMilestone MYGA 4 < $50K4 Years1.10%A

Frequently Asked Questions

Fixed annuities are not FDIC insured. Instead, they are insured by the claims paying ability of the issuing insurance company. Annuity owners are protected by the State Guaranty Association 

There are no fees for any of the fixed annuities listed on this page and, in general, fixed annuities do not have any fees. However, there are some fixed annuity products that offer optional income riders, death benefit riders, or long term care riders for an additional annual fee.

A 5 year fixed annuity is an annuity contract with a five year surrender charge schedule (CDSC). When you purchase a 5 year fixed annuity the interest rate is locked in for the initial 5 year contract period and you agree to keep the annuity for the 5 year contract term.

The best fixed annuity rate is 3.25% for 10 years, 3.15% for 5 years and 2.15% for 2 years as of November 4th, 2021.

The current average fixed annuity rates range from 2.15% for a 2 year annuity contract up to 3.25% for a 10 year fixed annuity contract. You can use one of our fixed annuity calculators to calculate your guaranteed rate of return (monthly or annually).

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