Best Fixed Annuity Rates for September 28, 2026

As of today, the best fixed annuity rate on our platform is 6.95% for 7 years from Knighthead Life (simple interest). The top 5-year rate is 6.55%. 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.

Not among today's full-term guaranteed rates. Rates advertised at 7% or higher are usually first-year bonus or teaser rates that drop in later years, or income-rider payout percentages, which are not yields. Every rate on this page is guaranteed for the full term.

Fixed annuity rates follow the bond yields insurers earn, which move with Federal Reserve policy and Treasury rates, so no one can predict the next move with certainty. 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.

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 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.

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.

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.

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.