Live data. Treasury yields, Fed rates and MYGA rates on this page update automatically. Last reviewed November 5, 2026.
Are annuity rates going up? Based on the bond market today, MYGA rates are more likely to drift lower than rise over the next few weeks. Fixed annuity rates follow the 10-year Treasury yield, and that yield has fallen over the past 30 days.
Are annuity rates going up right now?
Here is where the numbers that set annuity rates stand today:
- 10-year Treasury: 4.95%, down 0.33 points from 5.28% on October 2.
- 5-year Treasury: 4.74%, down 0.32 points from 5.06% on October 2. This yield matters most for 5-year MYGA pricing.
- Fed funds target: 3.75% to 4.00% as of November 4, 2026.
- Top 5-year MYGA rate: 7.00% simple interest (about 6.19% compounded annually). Simple interest suits buyers who take the interest out each year. If you leave it to grow, compare compounded rates. See every term on our annuity rates today page.
- Next Fed decision: December 9, 2026.
Carriers usually reprice a multi-year guaranteed annuity (MYGA) two to six weeks after bond yields move. That makes the past month of Treasury yields the best short-term signal for where MYGA rates go next.
What the Fed has done lately
- October 28, 2026: The Fed held its target range at 3.75% to 4.00% in a 10-2 vote. Lisa Cook and Beth Hammack voted for another 0.25-point hike. Read the October 28, 2026 FOMC statement.
- September 16, 2026: The Fed raised rates by 0.25 points in a 12-0 vote. Here is how the September 2026 Fed rate hike affected annuity rates.
What actually moves annuity rates?
The Fed sets an overnight rate, but carriers invest your premium mostly in 5- to 10-year bonds. They price a MYGA off those longer yields, minus their costs and profit.
- Treasury and corporate bond yields: The biggest driver. When the 10-year moves a quarter point, MYGA rates usually follow within weeks.
- The Fed: Fed decisions move short-term rates and shift expectations. That can push the 10-year either way, so a Fed hike does not guarantee higher annuity rates.
- Inflation reports: Hotter inflation tends to push yields up. Cooler inflation tends to pull them down.
- Carrier competition: Carriers chasing sales price above the pack for a while. That is why the top rate comes from a different carrier from month to month.
Today’s Treasury curve: 3-year 4.68%, 5-year 4.74%, 7-year 4.83% and 10-year 4.95%.
Where have annuity rates been?
Five-year MYGA rates bottomed in 2020 and climbed through the Fed’s 2022 to 2023 hiking cycle. The chart shows the path quarter by quarter.
The Fed’s target rate over the same stretch looks like this:
Show recent Fed rate changes as a table
| Date | Upper bound | Change |
|---|---|---|
| Sep 17, 2026 | 4.00% | +25 bps |
| Dec 11, 2025 | 3.75% | -25 bps |
| Oct 30, 2025 | 4.00% | -25 bps |
| Sep 18, 2025 | 4.25% | -25 bps |
| Dec 19, 2024 | 4.50% | -25 bps |
| Nov 8, 2024 | 4.75% | -25 bps |
| Sep 19, 2024 | 5.00% | -50 bps |
| Jul 27, 2023 | 5.50% | +25 bps |
| May 4, 2023 | 5.25% | +25 bps |
| Mar 23, 2023 | 5.00% | +25 bps |
| Feb 2, 2023 | 4.75% | +25 bps |
| Dec 15, 2022 | 4.50% |
Source: Federal Reserve Bank of St. Louis, FRED series DFEDTARU (DFEDTAR before December 16, 2008). Updated automatically.
To see who pays the most today, compare fixed annuity rates by term from 90+ top annuity companies.
How do MYGA rates compare with Treasuries and CDs today?
| 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 | 4.95% | $127,325 | +$8,402 |
| Fed funds rate (upper bound) | 3.75% to 4.00% | $121,665 | +$14,062 |
| Best 5-year CD | Not available | – | – |
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, Nov 3, 2026. Fed funds: FRED DFEDTARU, Nov 4, 2026. Savers can’t earn this rate directly; savings and money market yields loosely follow it.
MYGA interest also grows tax-deferred, while CD and Treasury interest is taxed every year. Run your own numbers in the CD vs annuity calculator, or read the full fixed annuity vs CD comparison.
Should you buy an annuity now or wait for higher rates?
Waiting is a bet on the bond market, and the bet has a cost. If today’s rate meets your plan, locking it in usually beats guessing.
- Waiting costs interest: Every month your money earns less somewhere else is yield you do not get back.
- Your application date sets your rate: Most carriers honor the rate in effect when you apply, as long as the money arrives within their deadline. A rate cut after that does not change your contract.
- Split the difference: Put part of the money in now and the rest later. Or build a ladder of 3-, 5- and 7-year MYGAs so part of your money renews every few years. See our annuity ladder strategy guide.
- Wait only for a real reason: The money is not available yet, or a CD has not matured.
Lock in today's MYGA rate before the December 9 Fed decision
Your rate is set by your application date, not the day rates change. Request a quote and we will confirm current rates for your state and premium, in writing, so you can decide before the market moves.
What could push annuity rates down?
- Falling Treasury yields: The most direct path. Carriers cut MYGA rates within weeks of a sustained drop.
- Cooler inflation: Softer inflation reports pull long-term yields lower.
- Fed rate cuts: The Fed is holding for now, but future cuts would lower short-term rates and often longer yields too.
- A stock market selloff: Money running from stocks to bonds lowers yields. That happened in late October 2026, when the 10-year fell from 5.29% on September 30 to 4.94% on October 30.
So, are annuity rates going up? Watch the 10-year Treasury rather than the Fed headline, and lock in when today’s rate fits your plan.
Frequently asked questions
Are annuity rates going up in 2026?
The bond market decides that more than the calendar. The 10-year Treasury has fallen over the past 30 days, so MYGA rates are more likely to drift lower than rise over the next few weeks.
Should I buy an annuity now or wait?
If today’s rate meets your plan, buying now locks it for the full term. Waiting only pays off if rates rise more than the interest you give up while you wait. A ladder or a partial purchase lets you do both.
What is a good annuity rate right now?
The top 5-year MYGA rate today is 7.00% simple interest (about 6.19% compounded annually), compared with 4.74% on a 5-year Treasury. A good rate beats the Treasury for the same term and comes from a carrier whose AM Best rating you have checked.
When is the next Fed meeting?
The Fed’s next rate decision is December 9, 2026. The full schedule is on the FOMC meeting calendar.
Do annuity rates follow the Fed?
Only indirectly. Fixed annuity rates track 5- to 10-year bond yields, which react to the Fed but also to inflation, the economy and the stock market. The Fed hiked in September 2026 and the 10-year still fell in late October.
Will annuity rates go down?
They can. If Treasury yields keep falling, carriers usually cut MYGA rates within two to six weeks. A rate you lock in today is guaranteed for the full term either way.
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Editorial Disclosure: Our editorial team independently reviews and rates annuity products. My Annuity Store earns a commission from the insurance company if you purchase an annuity through our platform. There is no fee to you. This content is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Annuity products vary by state and carrier. Learn more.
