As of August 21, 2026 the best fixed annuity rate is 7.20% for 7 years (Knighthead Life, simple interest). Among carriers rated A or better, the top rate is 5.90% for 7 years (Sagicor Life). Rates run from 5.15% for 2 years to 7.20% for 7 years.
Filter the My Annuity Store Rate Marketplace below by selecting your state and entering your investment amount. You can also use the filters to compare by term, AM Best rating and company. Our annuity rates are pulled from AnnuityRateWatch and updated daily.
| Compare | Company | Product Name | Rate | Term | Minimum | AM Best Rating | Free Withdrawal | Action |
|---|---|---|---|---|---|---|---|---|
| Knighthead Life | Staysail 7 (Simple Interest)SI | 7.20% Up to · from 6.95% | 7 Year | $100,000 | A- | Yr 1: 0% | Details Apply | |
| Knighthead Life | Staysail 7 CA (Simple Interest)SI | 7.10% Up to · from 6.85% | 7 Year | $100,000 | A- | Yr 1: 0% | Details Apply | |
| Knighthead Life | Staysail 5 (Simple Interest)SI | 6.80% Up to · from 6.55% | 5 Year | $100,000 | A- | Yr 1: 0% | Details Apply | |
| Knighthead Life | Staysail 5 CA (Simple Interest)SI | 6.70% Up to · from 6.45% | 5 Year | $100,000 | A- | Yr 1: 0% | Details Apply | |
| Knighthead Life | Staysail 7 With Liquidity (Simple Interest)SI | 6.65% Up to · from 6.40% | 7 Year | $100,000 | A- | Yr 1: 10% | Details Apply | |
| Knighthead Life | Staysail 7 CA with Liquidity (Simple Interest)SI | 6.55% Up to · from 6.30% | 7 Year | $100,000 | A- | Yr 1: 10% | Details Apply | |
| Knighthead Life | Staysail 5 With Liquidity (Simple Interest)SI | 6.50% Up to · from 6.25% | 5 Year | $100,000 | A- | Yr 1: 10% | Details Apply | |
| Ibexis | MYGA Plus 7 (Simple Interest)SI | 6.40% Up to · from 6.05% | 7 Year | $100,000 | A- | Yr 1: 0% · Yr 2+: 10% | Details Apply | |
| Knighthead Life | Staysail 5 CA With Liquidity | 6.40% Up to · from 6.15% | 5 Year | $100,000 | A- | Yr 1: 10% | Details Apply | |
| Ibexis | MYGA Plus 7 (Simple Interest) CASI | 6.30% Up to · from 5.95% | 7 Year | $100,000 | A- | Yr 1: 0% · Yr 2+: 10% | Details Apply | |
| Mountain Life | Alpine Horizon 5 | 6.30% | 5 Year | $5,000 | B- | Yr 1: 0% · Yr 2+: 5% | Details Apply | |
| Revol One Financial | DirectGrowth 10 | 6.25% | 10 Year | $10,000 | B++ | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 10 | 6.25% | 10 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 5 | 6.25% | 5 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 7 | 6.25% | 7 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 5 (FL) | 6.20% | 5 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 7 (FL) | 6.20% | 7 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Heartland National | Secure Rate Pro 10 | 6.15% | 10 Year | $5,000 | B++ | Yr 1: 0% | Details Apply | |
| Ibexis | MYGA Plus 5 (Simple Interest)SI | 6.15% Up to · from 5.85% | 5 Year | $100,000 | A- | Yr 1: 0% · Yr 2+: 10% | Details Apply | |
| Revol One Financial | DirectGrowth 10 Enhanced Death Benefit | 6.15% | 10 Year | $10,000 | B++ | Yr 1: 0% | Details Apply | |
| Revol One Financial | DirectGrowth 10 Free Partial Surrender | 6.15% | 10 Year | $10,000 | B++ | Yr 1: Interest Only | Details Apply | |
| Revol One Financial | DirectGrowth 5 | 6.15% | 5 Year | $10,000 | B++ | Yr 1: 0% | Details Apply | |
| Revol One Financial | DirectGrowth 7 | 6.15% | 7 Year | $10,000 | B++ | Yr 1: 0% | Details Apply | |
| Sentinel Security Life Insurance Company | Personal Choice Annuity 10 (FL) | 6.15% | 10 Year | $2,500 | B | Yr 1: 0% | Details Apply | |
| Heartland National | Secure Rate Pro 5 | 6.10% | 5 Year | $5,000 | B++ | Yr 1: 0% | Details Apply |
Rates are for informational purposes only and subject to change without notice. Products marked SI use simple interest. Guarantees are backed by the claims-paying ability of the issuing insurance company. Not FDIC insured. State guaranty association limits apply. Always verify with a licensed professional before purchasing.
Rates are for informational purposes only and subject to change without notice. Contracts marked SI credit simple interest, so the effective compound yield is lower than the rate shown. Guarantees are backed by the claims-paying ability of the issuing insurance company. Not FDIC insured. State guaranty association limits apply. Product availability varies by state. Always verify with a licensed professional before purchasing.
The highest rate is not always the right contract. For each guarantee period we show the strongest carrier, the highest rate, and the best balance of rate and liquidity.
Value at term assumes $100,000 held for the full guarantee period with no withdrawals. Picks come straight from today's rate feed and change as rates change.
Carriers file products state by state, so the highest rate in the table may not be offered where you live. Set the state filter to see the contracts you can actually buy.
Check the insurer's A.M. Best rating. Higher-yielding rates often come from smaller or mid-tier companies with lower financial ratings (e.g., B++ or A-) compared to A+ or A++ industry giants.
Withdrawing money past your penalty-free allowance (usually 10% per year) before the term ends triggers heavy surrender fees.
Similar to CDs, longer commitments usually offer higher yields. A 7-year annuity typically pays more than a 3-year annuity because the insurer can lock up your cash in higher-yielding, longer-term bonds.
Many carriers offer tiered interest rates. Deposits over $100,000 or $250,000 frequently receive a premium rate boost of 0.10% to 0.50% compared to lower deposits.
Standard contracts allow you to withdraw 10% of your money annually without penalty. "No-surrender" or highly liquid annuities offer lower rates, while stricter contracts with higher exit penalties generally offer the highest yields.
Not all annuity rates are the same. An indexed annuity rate describes how interest is credited to your annuity based on the performance of a market index, such as the S&P 500. A cap rate is the most you could earn, a participation rate is the percent of the growth you would earn. If you are looking for fixed index annuity rates you can find them here instead.
Fixed annuities, CDs, and bonds all work similarly: you deposit a lump sum, earn a set interest rate, and receive your money back at term‑end. The differences are in who guarantees your money and how returns behave — CDs are FDIC‑insured but usually pay the least, bonds can offer higher yields but fluctuate in value if sold early, and fixed annuities typically provide the highest multi‑year guaranteed rates.
Tax treatment varies too: annuity and government bond interest generally grows tax‑deferred, while CD interest is taxed annually even if you don’t withdraw it.
| Fixed Annuity (MYGA) | Bank CD | U.S. Treasury | |
|---|---|---|---|
| Top 5-year rate | 6.03% today, guaranteed all 5 years | About 4.50%* | About 4.05%* |
| Backed by | Insurance company, plus state guaranty association limits | FDIC, up to $250,000 | U.S. government |
| How interest is taxed | Tax-deferred until you withdraw | Taxed every year, even if you leave it in | Taxed federally each year; exempt from state tax |
| Access before maturity | Often 10% free withdrawal per year; surrender charge beyond that | Early withdrawal penalty, often several months of interest | Sell anytime, but the price moves with the market |
| Terms available | 2 to 10 years | 3 months to 5 years | 4 weeks to 30 years |
| Best for | Multi-year guaranteed growth with tax deferral | Short-term savings and emergency funds | Flexibility to sell, and state-tax savings |
*CD and Treasury figures are illustrative national averages, refreshed quarterly. The annuity rate is live from today's feed, shown as compound-equivalent yield. Annuities are not FDIC insured; guarantees rest on the issuing insurer's claims-paying ability.
Fixed annuity rates track the yields insurers earn on high-grade corporate and government bonds, which move with Federal Reserve policy and Treasury yields. When the Fed holds rates high, MYGA rates stay strong; when the Fed cuts, carriers reprice new contracts down within weeks. The chart below shows how the top 5-year MYGA rate has moved over time.
Nobody can time the rate cycle, but a fixed annuity removes the need to: whatever rate you lock today is guaranteed for the full term no matter what the Fed does next — today's top 5-year contract pays 6.80% simple interest for all five years. If you are waiting on the sidelines, remember that money in savings earns today's bank rate while you wait. Splitting a deposit across two or three terms (a rate ladder) is a common way to lock strong rates now and still have money coming free to reinvest if rates rise. Compare today's rates and lock the term that fits your timeline.
Choose how you want to browse. Every link below opens a dedicated rate page with today's top contracts for that state, term, or rating band.
Product availability and rates vary by state. AM Best ratings reflect the issuing insurance company's financial strength, not a recommendation of any product.
Eight carriers, eight different strengths. Each company below leads today's feed in the category shown, so the best fit depends on whether you value the absolute highest rate, the strongest financial rating, easier access to your money, or a lower minimum deposit. Click a company name to read our full review.
| Company | AM Best | Best Rate Today | Known For |
|---|---|---|---|
| Knighthead Life | A- | 7.20% (7-year, SI) | Highest rate today |
| Mass Mutual | A++ | 4.25% (2-year) | Highest AM Best rating |
| Ibexis | A- | 6.40% (7-year, SI) | Best for liquidity options |
| Revol One Financial | B++ | 6.25% (10-year) | Best for smaller deposits |
| Heartland National | B++ | 5.80% (3-year) | Strongest short-term rates |
| Farmers Life | B++ | 6.05% (10-year) | Strongest long-term rates |
| Oceanview Life and Annuity | A | 5.80% (10-year) | Most consistent across terms |
| Oxford Life | A | 5.85% (6-year) | Consistently competitive |
SI = simple interest. "Known For" reflects each carrier's standing in today's rate feed; ratings and rates refresh daily, so a carrier can enter or leave this list as rates change.
A $100,000 five-year fixed annuity at 6.80% (simple interest) grows to $134,000 guaranteed, compared to $124,618 in a CD at 4.50%. And because CD interest is taxed every year while annuity interest is tax-deferred, a saver in the 24% bracket keeps only about $118,310 of that CD growth.
Enter your deposit, term, and tax bracket to see what each option keeps after tax, and the CD rate you would need to match the annuity.
Tax deferral means the annuity credits interest on the full balance every year instead of on the balance left after the IRS takes its share. CD interest is reported and taxed each year even if you never touch it, so the amount actually compounding shrinks annually. At a 24% bracket, a CD would need to pay —% to leave you with what a —% annuity does, and you control the timing of the annuity's tax bill by choosing when to withdraw.
Illustration only, not tax advice. Assumes a single federal bracket held flat for the full term, annual compounding, no state income tax, no withdrawals, and tax on annuity interest paid in full at the end of the term. Withdrawals before age 59½ may carry a 10% IRS penalty. Want monthly income instead of growth? See the immediate annuity calculator.
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Whether you're comparing MYGA rates, planning retirement income, or simply looking for a safe place to grow your savings, our marketplace gives you everything you need to make an informed decision.
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Carriers reprice their annuity rates regularly. Sign up to stay up to date on the latest top rates and other useful information from our marketplace.
As of today, the best fixed annuity rate on our platform is 7.20% for 7 years from Knighthead Life (simple interest). The top 5-year rate is 6.80%. Anything within about half a percentage point of the top rate for your term is competitive. Rates change daily, so compare every contract in our Rate Marketplace before you apply.
A few, yes. The top rate on our platform today is 7.20% for 7 years from Knighthead Life, but note it credits simple interest, which works out to about 6.00% compounded annually. Be careful with 7%+ rates advertised elsewhere: many are first-year bonus or teaser rates that drop in later years. Every rate on this page is guaranteed for the full term.
Fixed annuities are not FDIC insured. They are backed by the claims-paying ability of the issuing insurer and, within limits, by your state guaranty association. The AM Best column shows each carrier's financial strength rating, and our guide to annuity safety explains how the protections work.
AM Best rates insurers from A++ (Superior) down. A B++ rating falls in the "Good" range and is still considered secure; we only list carriers rated B+ or better. Higher-yielding contracts often come from A- and B++ carriers, while A+ and A++ companies typically pay a little less for their extra financial strength. Our insurance company ratings guide breaks down every rating tier.
Yes. Carriers are licensed state by state, so the best rate available to you depends on where you live, and some products credit different rates in certain states. Set the state filter in the table above, use the state links on this page, or browse all annuity rates by product type.
Most contracts allow a penalty-free withdrawal each year, often 10% of the account value, and some allow interest-only withdrawals. Anything above that is subject to a surrender charge and, where applicable, a market value adjustment. The free withdrawal column shows what each contract allows.
Interest grows tax-deferred inside the contract. You owe tax when you withdraw, at ordinary income rates, and withdrawals before age 59 and a half may carry a 10% IRS penalty. Money moved by 1035 exchange or trustee-to-trustee transfer is not a taxable event.
Nothing. You pay no fees and no commissions, and the rate you see is the rate the carrier credits. We are paid by the insurance company after your contract is issued, and our process explains every step. Your information is never sold.
You choose: withdraw the full value, roll into a new contract at current rates, renew with the same carrier, or convert to lifetime income. We contact you before the window opens so the decision is not made by default. Our annuity guide walks through each option.
A MYGA (multi-year guaranteed annuity) is the type of fixed annuity that locks one guaranteed rate for a set number of years, similar to a CD. It is the product type shown in the table on this page. "Fixed annuity" is the broader category, which also includes traditional fixed annuities whose rate can reset each year. Read our full MYGA guide for details.
Schedule a call with one of our annuity specialists to learn about your options and determine which annuity may be right for you. Also see our full list of annuity FAQs.
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Rates on this page come from the AnnuityRateWatch feed and refresh daily. We list multi-year guaranteed annuities from carriers rated B+ or better by AM Best, show every rate as guaranteed for the full term (never a first-year teaser), and label simple-interest contracts with their compound-equivalent yield. My Annuity Store is an independent licensed insurance agency; we are paid by carriers, never by you, and no carrier pays for placement in these tables.
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