Best Fixed Annuity Rates for October 18, 2026
Today's best fixed annuity rates reach 7.10% on a 7-year MYGA, a simple-interest rate equal to about 5.93% compounded. Among insurers rated A or better, the top compound rates run 6.05% to 6.20%.
Rates on this page come from the AnnuityRateWatch feed and refresh daily. We list multi-year guaranteed annuities from every AM Best-rated carrier we can place, show the rating beside each rate, and every rate is guaranteed for the full term.
Every rate page is written by a licensed annuity professional and reviewed by a CFP®. We are paid by the insurance carrier, never by you, and no carrier pays for placement or ranking.
Read our full editorial policy →Trusted Across 90+ Top Annuity Companies
Best Fixed Annuity Rates by Term
This table shows the single highest guaranteed fixed annuity rate available today for each term, from 2 to 10 years. Rates update daily from the AnnuityRateWatch feed, and products marked SI pay simple interest.
| Term | Carrier | Product | Rate | AM Best |
|---|---|---|---|---|
| 2-Year | Mountain Life | Secure Summit 2 | 5.25% | |
| 3-Year | Mountain Life | Simple Summit 3 (Simple Interest) SI | 6.50% | |
| 4-Year | Mountain Life | Alpine Horizon 4 | 6.05% | |
| 5-Year | Mountain Life | Simple Summit 5 (Simple Interest) SI | 7.00% | |
| 6-Year | Oceanview Life and Annuity | Harbourview 6 | 6.10% | |
| 7-Year | Knighthead Life | Staysail 7 (Simple Interest) SI | 7.10% | |
| 8-Year | Mountain Life | Secure Summit 8 | 6.00% | |
| 9-Year | Oxford Life Insurance Company | Multi-Select 9 | 5.95% | |
| 10-Year | Revol One Financial | BreakThrough 10yr | 6.30% |
Rates updated October 18, 2026. Source: AnnuityRateWatch. Rates subject to change without notice. Availability & features vary by state and insurer. Guarantees are backed by the claims‑paying ability of the issuing insurance company. Not a bank product. Not FDIC insured. State guaranty association limits apply (vary by state). Logos are property of their respective insurers; shown for educational platform availability only and do not imply endorsement.
Compare Today's Fixed Annuity Rates
Annuity features vary a lot from one insurance company to the next, so it pays to look beyond the highest rate. Our comparison tool lets you filter rates by state, AM Best rating, term, insurance company, withdrawal options and investment amount. Click the + button on the contracts you like, or use a quick pick, to build a free comparison report you can print or save as a PDF.
| Compare | Company & Product Name | Rate | Term | Rating | Withdrawals | Earnings | |
|---|---|---|---|---|---|---|---|
| Mountain LifeAlpine Horizon 5 | 6.45% | 5 Year | B- | WDYr 2+: 5% | $36,687 | Details Apply | |
| Wichita National Life Insurance CompanySecurity 5 | 6.40% | 5 Year | B+ | —None | $36,367 | Details Apply | |
| Ability Insurance CompanyReliAbility MYGA 5 | 6.35% | 5 Year | B+ | —None | $36,047 | Details Apply | |
| AspidaSynergy Choice 7 | 6.35% | 7 Year | A- | —None | $53,873 | Details Apply | |
| AspidaSynergy Choice 5 | 6.30% | 5 Year | A- | —None | $35,727 | Details Apply | |
| Revol One FinancialBreakThrough 10yr | 6.30% | 10 Year | B++ | —None | $84,218 | Details Apply | |
| Revol One FinancialDirectGrowth 10 | 6.30% | 10 Year | B++ | —None | $84,218 | Details Apply | |
| Wichita National Life Insurance CompanySecurity 10 | 6.30% | 10 Year | B+ | —None | $84,218 | Details Apply | |
| Wichita National Life Insurance CompanySecurity 7 | 6.30% | 7 Year | B+ | —None | $53,367 | Details Apply | |
| Revol One FinancialBreakThrough 5yr | 6.25% | 5 Year | B++ | —None | $35,408 | Details Apply | |
| Revol One FinancialDirectGrowth 5 | 6.25% | 5 Year | B++ | —None | $35,408 | Details Apply | |
| Wichita National Life Insurance CompanySecurity 5 w/ 10% Free Withdrawal Rider | 6.25% | 5 Year | B+ | WDYr 2+: 10% | $35,408 | Details Apply | |
| Wichita National Life Insurance CompanySecurity 5 w/ Enhanced Death Benefit Rider | 6.25% | 5 Year | B+ | —None | $35,408 | Details Apply | |
| Mountain LifeAlpine Horizon 3 | 6.20% | 3 Year | B- | WDYr 2+: 5% | $19,777 | Details Apply | |
| Oceanview Life and AnnuityHarbourview 10 | 6.20% | 10 Year | A | WDYr 2+: 10% | $82,493 | 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.
Fixed Annuity Rates vs CDs vs Treasury
As of October 18, 2026, the best 5-year fixed annuity rate from an insurer rated A- or better is 6.30%, compared with 5.10% on the 10-year Treasury and 4.60% on the best 5-year CD.
| Benchmark | Rate today | $100,000 after 5 years | MYGA earns more by |
|---|---|---|---|
| Best A-rated 5-year MYGA | 6.30% | $135,727 | – |
| 10-year Treasury | 5.10% | $128,237 | +$7,490 |
| Fed funds rate (upper bound) | 3.75% to 4.00% | $121,665 | +$14,062 |
| Best 5-year CD | 4.60% | $125,216 | +$10,511 |
Growth assumes each rate holds for 5 years and compounds once a year, before taxes. A Treasury sold before maturity can be worth more or less than you paid. MYGA: Aspida Synergy Choice 5, compound interest, $100,000 deposit, A- or better AM Best rating, My Annuity Store rate data. 10-year Treasury: FRED DGS10, Oct 15, 2026. Fed funds: FRED DFEDTARU, Oct 17, 2026. Savers can’t earn this rate directly; savings and money market yields loosely follow it. CD: top nationally available APY, Bankrate, Oct 5, 2026.
CD vs. Annuity Comparison Chart
| Feature | Fixed Annuity (MYGA) | Certificate of Deposit |
|---|---|---|
| Issued by | Insurance companies | Banks and credit unions |
| Typical term | 2 to 10 years | A few months to 5 years; some banks offer longer |
| Today's best rate | 6.30% (5-year, A- or better) | 4.60% (5-year) |
| Minimum deposit | Set by each insurer, often a few thousand dollars | Set by each bank; some have no minimum |
| Tax on interest | Deferred until withdrawn | Taxable each year as earned |
| Access before term ends | Penalty-free allowance, often 10% per year; surrender charges beyond it; 10% IRS penalty on gains before age 59½ | Early withdrawal penalty, typically several months of interest |
| Protection | Backed by the issuing insurer and your state's guaranty association, up to state limits | FDIC or NCUA insured up to $250,000 per depositor, per institution |
See what today's top A-rated 5-year fixed annuity rates would pay on your deposit.
Best Fixed Annuity Companies
Fixed annuities, including multi-year guaranteed annuities (MYGAs), were the largest annuity product line in the U.S. in 2025, with $165.3 billion in sales. Attractive interest rates and demand for principal protection kept sales strong. The table below ranks the top fixed annuity companies by 2025 fixed annuity sales, according to LIMRA.
| Rank | Company | 2025 sales | AM Best | Through MAS |
|---|---|---|---|---|
| 1 | Athene | $17.55B | A+ | Get a quote |
| 2 | New York Life | $16.97B | A++ | SPIA only |
| 3 | MassMutual | $12.21B | A++ | Get a quote |
| 4 | Corebridge Financial | $10.49B | A | Get a quote |
| 5 | USAA Life | $7.63B | A++ | Not offered |
| 6 | Nationwide | $7.18B | A+ | Get a quote |
| 7 | Pacific Life | $5.42B | A+ | Not offered |
| 8 | Western & Southern | $5.41B | A+ | Get a quote |
| 9 | American National | $5.15B | A | Get a quote |
| 10 | Symetra | $5.09B | A | Get a quote |
| 11 | Global Atlantic | $5.08B | A | Get a quote |
| 12 | Delaware Life | $4.69B | A- | Get a quote |
| 13 | Protective Life | $4.54B | A+ | Get a quote |
| 14 | F&G | $3.79B | A | Get a quote |
| 15 | Guardian | $3.37B | A++ | Get a quote |
| 16 | TIAA | $3.20B | A++ | Not offered |
| 17 | Prudential | $2.70B | A+ | Not offered |
| 18 | Reliance Standard | $2.45B | A++ | Get a quote |
| 19 | Lincoln Financial | $2.43B | A | Get a quote |
| 20 | Sammons Financial | $2.33B | A+ | Get a quote |
Show ranks 11 to 20Show top 10 only
Sales are 2025 fixed-rate deferred annuity sales from LIMRA. AM Best ratings are for each company's main annuity-issuing insurer. Sammons sells through Midland National and North American.
See our picks for the best fixed annuity companies by need, rating and today's rates.
How are Annuities Taxed?
Annuity interest grows tax-deferred, so you pay no tax on it until you take a withdrawal. Withdrawals are generally taxed as ordinary income, with earnings coming out first (LIFO, last in, first out). How your annuity is taxed depends on the money you use to buy it:
- Roth IRA annuity: held in a Roth IRA. Qualified distributions can be tax-free under Roth rules. The annuity doesn't add extra tax benefits.
- Qualified annuity: bought with pre-tax money in a traditional IRA or employer plan. Withdrawals are generally taxable, and required minimum distributions apply.
- Non-qualified annuity: bought with after-tax money. Earnings are tax-deferred and taxed as ordinary income when withdrawn.
For examples and exceptions, see our guide to how annuity withdrawals are taxed.
The Power of Tax Deferral
Below is an example showing how tax deferral could increase your earning power. Consider someone whose federal tax bracket is 32% and who owns an annuity that earns 4.50%.
To match those same earnings in a taxable investment they would have to earn 6.62% instead.
4.50% tax-deferred annuity rate ÷ (1 − 0.32) = 6.62% taxable yield needed to match at a 32% tax bracket.
| Annuity rate | 22% bracket | 24% bracket | 32% bracket | 35% bracket |
|---|---|---|---|---|
| 3.50% | 4.49% | 4.61% | 5.15% | 5.38% |
| 4.00% | 5.13% | 5.26% | 5.88% | 6.15% |
| 4.50% | 5.77% | 5.92% | 6.62% | 6.92% |
| 5.00% | 6.41% | 6.58% | 7.35% | 7.69% |
| 5.50% | 7.05% | 7.24% | 8.09% | 8.46% |
| 6.00% | 7.69% | 7.89% | 8.82% | 9.23% |
Each cell is the rate a taxable investment would need to earn to match the tax-deferred annuity rate in that row. Simplified illustration of current-year tax deferral only. It isn't an after-tax return equivalent: taxes are generally due when annuity earnings are withdrawn, and your result depends on your tax rates then. See IRS Publication 575.
Are Fixed Annuities Safe?
Fixed annuities are generally low-risk, because the insurance company guarantees your rate and principal in the contract. That guarantee is only as strong as the insurer behind it, so check its financial strength before you buy.
- Insurer financial strength: ratings from AM Best and other agencies assess an insurer's ability to meet its obligations. See our insurance company ratings guide.
- Claims-paying ability: every guarantee is only as strong as the issuing insurer. Insurers are required to hold reserves against what they owe.
- Contract guarantees: the rate, term, and minimum values are written into the contract.
- Surrender charges and MVAs: withdrawing more than the free amount during the surrender period can cost you, and a market value adjustment may reduce (or increase) what you receive.
- State guaranty associations: if an insurer fails, your state's guaranty association may cover annuity values up to a limit. Limits and eligibility vary by state.
Read more in our guide to whether annuities are safe.
Check any insurer's AM Best rating before you lock in a rate.
Fixed Annuity Pros and Cons
Fixed annuity pros and cons come down to one trade: you give up some flexibility in exchange for a guaranteed rate.
Potential pros
- Guaranteed contract rates
- Tax-deferred growth where applicable
- Principal protection, subject to insurer guarantees and contract terms
- Potential 1035 exchanges
- Relatively straightforward product structure
- Withdrawal options, depending on the contract
- Accessible minimum premiums on some products
- Death benefits specific to each contract
Potential cons
- Potential 10% additional federal tax on taxable distributions before age 59½, subject to exceptions
- Surrender charges
- Possible market value adjustments
- Limited liquidity
- No direct stock-market participation in a traditional fixed annuity
- Inflation risk
- Income limitations specific to each product
When you compare fixed annuity rates, weigh the insurer's rating and the withdrawal terms alongside the rate itself.
What Factors Affect Annuity Rates?
Fixed annuity rates depend mainly on bond yields, the term you choose and the insurer's financial strength. Your state, your deposit and the withdrawal access you want also change the rate you can get.
- Bond yields: insurers invest premiums mostly in bonds, so rates rise and fall with longer-term bond yields, not the Fed's overnight rate.
- Term length: longer guarantees usually pay more, because the insurer can invest in longer-term bonds.
- Insurer financial strength: higher-rated carriers often pay a little less for their extra strength. Check each carrier's AM Best rating.
- Deposit size: many carriers pay tiered rates, so a larger deposit can qualify for a higher rate band.
- Liquidity and surrender terms: contracts with more withdrawal access or shorter surrender charge schedules usually pay less.
- Your state: carriers file products state by state, so the top rate in the table may not be offered where you live.
Understanding Types of Annuity Rates
Not every annuity rate is a yield. Before you compare two numbers, check which kind of rate each one is. The figures below are examples, not today's rates.
| Rate type | What it means | What you see | What you get |
|---|---|---|---|
| Declared Interest Rate | The guaranteed interest rate credited for a fixed term (MYGAs, DIAs). | "6.30% 5-Year MYGA" | $6,300 of growth on $100k in year one |
| Payout Rate | The percentage of your premium paid back to you each year as income. | "$6,800/year from a $100k SPIA" | Equals a 6.8% payout, not a 6.8% yield |
| Compound Interest | Interest is credited on the balance plus all interest already earned. | "5.20% compounded annually" | Most MYGAs credit compound interest annually. |
| Simple Interest | Interest is credited only on the original deposit for the full term, not on interest already earned. | "7.20% simple interest" | A higher headline rate can still yield less than a lower compound rate. |
Fixed Annuity Rates vs. Fixed Index Annuity Rates
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.
Key Considerations
Simple vs. Compound Interest
- Headline rates above 6.5% often use simple interest rather than compound interest (equating to roughly 5.9% compound equivalent). Always compare effective compound yields.
Insurer Financial Ratings
- The highest-yielding products often come from smaller or lower-rated carriers (B- to B++ range).
- Carriers rated A or better (like Sagicor Life or Oceanview Life and Annuity) generally cap compound fixed rates around 6.05% to 6.20%.
Liquidity Constraints
- Most contracts limit penalty-free withdrawals to 10% annually. Early withdrawals outside this limit trigger surrender charges and potential 10% IRS penalties if under age 59½.
What to Know Before You Buy a Fixed Annuity
These terms decide how much flexibility and protection you actually get. Here is how they usually work in a fixed annuity (MYGA), though your contract's exact terms can differ.
| Topic | How it usually works |
|---|---|
| Withdrawals and access to your money | Many contracts let you take 10% of the account value, or your interest, each year with no surrender charge. Required minimum distributions from an IRA annuity are often free too. |
| Surrender charges | A fee on withdrawals above the free amount before the term ends, usually declining each year. Some contracts also apply a market value adjustment. |
| Death benefit | If you die during the term, most fixed annuities pay the full account value to your beneficiary with no surrender charge. A named beneficiary also avoids probate. |
| 10% penalty before age 59½ | The IRS adds a 10% penalty on earnings withdrawn before age 59½, on top of income tax. It is separate from any surrender charge. |
| Financial ratings | Your guarantee rests on the insurer's claims-paying ability, so check its AM Best rating. Your state guaranty association adds protection up to state limits. |
| Rate lock | Most carriers hold the rate in effect on your application date for a set window, commonly 30 to 60 days, while your funds transfer. |
| Free look period | After your contract is delivered, you can cancel for a full refund within your state's free look window, usually 10 to 30 days. |
A licensed agent can walk you through any contract's withdrawal, death benefit and surrender terms before you lock in one of today's fixed annuity rates.
Compare Fixed Annuity Rates by State, Term or Rating
Every link below opens a dedicated rate page with today's top contracts for that state, term or AM Best rating.
Fixed Annuity Rates by State
AM Best ratings reflect the issuing insurance company's financial strength, not a recommendation of any product. Fixed annuity rates and product availability vary by state.
Fixed Annuity Rates FAQ
Still deciding? Call 855-277-8088 and speak with a licensed rep. No script, no obligation.
Subscribe to Rate Updates
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.
Methodology
Every fixed annuity, MYGA and fixed index annuity rate on this site comes from AnnuityRateWatch. It collects rate filings directly from insurance carriers and is used by independent agencies, broker-dealers and financial publishers nationwide.
It’s the same feed licensed professionals quote from, so you see each carrier’s actual filed rate, not an estimate or a marketing figure. Read more about how we get our rates.
What is a good fixed annuity rate right now?+
As of today, the best fixed annuity rate on our platform is 7.10% for 7 years from Knighthead Life (simple interest). The top 5-year rate is 7.00%. 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 full MYGA rate table before you apply.
Are there any 7% fixed annuities?+
A few, yes. The top rate on our platform today is 7.10% for 7 years from Knighthead Life, but note it credits simple interest, which works out to about 5.93% 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.
Are fixed annuity rates going up or down?+
The Federal Reserve's target range for the federal funds rate is 3.75% to 4.00% as of October 17, 2026. The last move was a 25 basis point hike, effective September 17, 2026, which left the target at its highest level since December 2025. Over the past 12 months the Fed has made 1 hike and 2 cuts. Fixed annuity rates follow the longer-term bond yields insurers earn, not the overnight rate the Fed sets, and those yields already price in the moves markets expect. That is why waiting for a big jump rarely pays: you earn less while you wait, and when rates fall, carriers lower the rates on new contracts within weeks. A multi-year guaranteed annuity locks the current rate for the full term, so a later rate cut does not change the rate on a contract you already own.
Is my money safe in a fixed annuity?+
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.
What AM Best rating should I look for? Is B++ good?+
AM Best rates insurers from A++ (Superior) down. A B++ rating falls in the "Good" range and is still considered secure. We list every AM Best-rated carrier we can place and show the grade next to each rate, so you can weigh yield against financial strength yourself. 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.
Do fixed annuity rates differ by state?+
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.
Can I take money out before the term ends?+
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.
How long is a quoted rate locked after I apply?+
Rate-lock rules vary by carrier. Most hold the rate in effect on your application date for a set window, commonly 30 to 60 days, as long as your funds arrive inside it; a few credit the rate in effect on the day funds are received. Transfers and 1035 exchanges take the longest, so confirm the carrier's rate-lock policy before you apply.
How is annuity interest taxed?+
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.
What does it cost to buy through you?+
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.
What happens at the end of the term?+
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 guide to what happens when an annuity matures walks through each option.
What is a MYGA? Is it the same as a fixed annuity?+
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.
For assistance with your online experience, please call (855) 277-8088.
See what your premium earns at today's rates
Send your amount and time horizon and we will return a side-by-side quote from the carriers licensed in your state. Free, and no obligation to buy.
Methodology & Cited Research Sources
Rates on this page come from the AnnuityRateWatch feed and refresh daily. We list multi-year guaranteed annuities from every AM Best-rated carrier we can place and show the rating beside each rate, 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.
