Lock in today’s top 10-year fixed annuity rates, defer taxes, and buy your annuity at home — all through one independent platform.
Illustrative snapshot. Click below for live updates & full comparison including carrier strength, liquidity, and renewal options.
View Full ComparisonRates 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).
The best 10-year fixed annuity rate is 6.00% offered by Revol One Life Insurance Company.
| Term | Insurer | Review | Annuity | Rate | AM Best | Application |
|---|---|---|---|---|---|---|
| 10 Years | 
| Revol One | DirectGrowth | 6.00% | B++ | Apply |
| 10 Years | 
| Sentinel Security | Personal Choice | 5.90% | B++ | Apply |
| 10 Years | 
| Equitrust | Certainty Select | 5.75% | B++ | Apply |
| 10 Years | 
| Farmers Life | Safeguard Plus | 5.65% | B++ | Apply |
“Rates shown are for informational purposes only and subject to change before contract issue. Guarantees are backed by the claims-paying ability of the issuing insurer. State variations may apply.”
NOTE: Click on the Insurance Company’s name to read their full review or the Annuity product name for more details and information,
| Company Name | Annuity Name | Fixed Rate (%) | Guaranteed Years | Free w/d Yr 1 | Free w/d Yrs 2+ |
|---|
A 10-year fixed annuity pays a guaranteed interest rate for 10 years. If you do not want to commit to a 10 year fixed annuity you can compare visit our fixed annuity rates page to compare interest rates for all annuities.
After the initial 10-year guarantee period, you will have the option to either renew for another 10 years at the new declared interest rate, withdraw your annuity account value, convert your annuity to monthly income payments, or transfer to a new annuity using a tax-free 1035 exchange.
As stated above, in addition to providing a guaranteed rate of return for the initial 10-year investment term, 10-year fixed annuities provide the opportunity to turn your savings into lifelong, pension-like income. The fixed annuity rate 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:
You pay premiums to the insurance company, and the money grows at a guaranteed interest rate. The interest is tax-deferred, meaning you don’t pay taxes on the earnings until you withdraw them.
After the accumulation period, you can receive a series of fixed, predictable payments. These payments can be for a set number of years or for your lifetime, and the amount is guaranteed not to fall below a certain level.
Fixed annuities 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.
While not FDIC-insured, State Insurance Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent.
| FEATURES | FIXED ANNUITY | CD |
|---|---|---|
| Issued By | Insurance Companies | Banks |
| Investment Amount | $2,000 - $1,000,000 | Essentially Any Amount |
| Investment Term | 2 years - 10 years | 3 months - 5 years |
| Interest Rates (APY) | Varies by product. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurer & State Guaranty Associations. | Backed by the FDIC. |
| Death Benefit | May avoid probate. | Probate process required. |
At the end of a 10 year annuity you will have a few choices. One of them will be to look at the current fixed annuity rates and do a tax-free transfer to a new annuity at a new insurance company. This is done via a 1035 exchange.
The Internal Revenue Service (IRS) allows you to exchange an annuity policy that you own for a new annuity policy without paying tax on the investment gains earned on the original contract. This can be a substantial benefit.
This rule is governed by Section 1035 of the Internal Revenue Code which is why these are called 1035 Exchanges.
Below is a direct link to the complete text of the code.
U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter O > Part III > Section 1035
There are a couple of important rules that must be followed in order to receive the benefits of a 1035 Exchange.
Here is an example of an actual 1035 Exchange form you would need to complete to move from one annuity to another via a 1035 Exchange.
Straight answers to the most common questions about 10-year multi-year guaranteed annuities, how interest is credited, liquidity, taxes, RMDs, and 1035 exchanges.
