My Annuity Store White Logo

Best Annuity Rates for March 2023

Best Annuity Rates Today

This guide compares today’s best-guaranteed annuity rates, fixed index annuity rates, and best MYGA rates today as well as the best immediate annuity rates for those looking for guaranteed income.

As a retirement savings vehicle, annuities receive preferential tax treatment from the IRS allowing you to accumulate interest on a tax-deferred basis.

Best Guaranteed Annuity Rates 2023

Below are the today’s highest guaranteed annuity rates.

TermInsurerCompany DetailsAnnuity RateAM BestApplication
1 Year Clear spring annuity logo Clear SpringPreserve MYGA4.30%A-
2 Years Silac insurance company logo SILACSecure Savings Elite5.00%B+
3 Years Atlantic coast life annuity logo Atlantic Coast LifeSafe Haven5.63%B++
4 Years Nassau logo NassauSimple Annuity5.25%B++
5 Years Ibexis annuity logo Ibexis MYGA Plus5.80% SimpleA-
6 Years Nassau logo NassauSimple Annuity5.50%B++
7 YearsAspida annuity logoAspidaSynergy Choice5.60%A-
8 Years American national annuity logo American NationalPalladium MYG5.30%A
9 Years American national annuity logo American NationalPalladium MYG5.30%A
10 Years American national annuity logo American NationalPalladium MYG5.30%A

Free Annuity Quote

Compare Today's Best Annuity Rates

Understanding how interest is credited for each type of annuity is important because they determine how your money will earn interest. Different types of annuities are better suited for different goals and objectives.

Indexed annuity icon

Fixed Index Annuity Rates

Earn interest based on the performance of a stock market index offering more upside potential along with downside protection.

Fixed annuity rates icon

Fixed Annuity Rates

Fixed deferred annuity rates are set by the insurance company and guaranteed for the initial contract term.

Immediate annuity icon

Immediate Annuity Rates

Income Payments are guaranteed for life or a number of years and are determined by your age and income payment options.

Variable Annuity Rates

Earn investment returns based on the performance of “subaccounts." You can lose money in a variable annuity.

Best MYGA Rates Today

A multi-year guaranteed annuity is sometimes referred to as a CD-Type Annuity because they guarantee a specified interest rate for a set number of years. Compare annuity rates from the top annuity companies below.

Best 3 Year Annuity Rates

TermInsurerAnnuityRateAM BestApply Online
3 Years Atlantic coast life annuity logo Atlantic Coast LifeSafe Haven5.63%B++
3 Years Farmers life annuity logo Farmers LifeSafeguard Plus5.50%B++
3 Years Silac insurance company logo
SILACSecure Savings Elite5.50%B+
3 Years American life logo American LifeAmerican Classic5.35%B++

Best 5 Year Annuity Rates

TermInsurerAnnuityRateAM Best
5 Years Ibexis annuity logo Ibexis LifeIbexis MYGA Plus5.80% SimpleA-
5 Years Farmers life annuity logo Farmers LifeSafeguard Plus5.75%B++
5 Years Atlantic coast life logo Atlantic Coast LifeSafe Haven 55.55%B++
5 Years Aspida annuity logo ASPIDASynergy Choice5.50%A-
5 Years Americo financial annuity logo AMERICOPlatinum Assure5.40%A

Best 7 Year Annuity Rates

TermInsurerAnnuityRateAM BestApply
7 Years Aspida annuity logo ASPIDASynergy Choice5.60%A-
7 Years Atlantic coast life logo Atlantic Coast LifeSafe Harbor 5.54%B++
7 Years Farmers life annuity logo Farmers LifeSafeguard Plus5.45%B++
7 Years Americo financial annuity logo AMERICOPlatinum Assure5.30%A

Best 10 Year Annuity Rates

TermInsurerInsurer ReviewAnnuityRateAM BestApplication
10 Years American national annuity logo American NationalPalladium MYG5.30%A
10 Years Security sentinel life logo Sentinel SecurityPersonal Choice5.25%B++
10 Years Atlantic coast life annuity logo Atlantic Coast LifeSafe Haven5.25%B++
10 Years Oxford life logo Oxford LifeMulti-Select5.25%A

Best Fixed Index Annuity Rates Today

A fixed index annuity is a type of deferred annuity that offers upside potential when the market performs and downside protection from a potential stock market downturn. 

Rather than guarantee a fixed interest rate like a fixed annuity, an indexed annuity credits interest based on the performance of an external market index (such as the S&P 500 ).

Below are today’s best-fixed index annuities sorted by the highest annual cap rate using the S&P 500 Index.

Best Immediate Annuity Rates

Immediate annuity payout rates vary based on your initial deposit and the payout option you select. For guaranteed lifetime payout options, your gender and age are also used to determine your immediate annuity payout rate.

Immediate annuity lifetime payout rates can change as often as weekly, contact us to get a personalized immediate annuity quote, or use our immediate annuity calculator to get a general estimate. 

The below immediate annuity payout rates are based on a $100,000 deposit for the month of March.

Payout TypeAge 60Age 65Age 70
Single Life$5,661 $6,600 $7,562
Life with 10-Year Period Certain$5,697 $6,533 $7,275
10-Year Period Certain$10,515 $10,515 $10,515
20-Year Period Certain$6,053 $6,053 $6,053

Best Bonus Annuity Rates

The below table lists the annuities with the highest bonus rates for March 2023. Annuity bonus rates are paid as a percent of your initial deposit and credited to your annuity account value on the issue date. 

Read our bonus annuity guide to learn about bonus annuities and compare more annuity bonus rates.

AnnuityBonus
Athene Performance Elite 15 Yr20%
American Select Bonus 10 Yr16%
Athene Performance Elite 10 Yr14%
F&G Performance Pro 10 Yr12%
Midland IndexBuilder 14 Yr11%

Frequently Asked Questions

Annuities are not federally insured. Instead, they are insured by the claims-paying ability of the issuing life insurance company and by State Guaranty Associations.

Annuities do not have annual fees in general and My Annuity Store does not charge you a fee for our services. However, there are some annuity products that offer optional income riders, death benefit riders, or long-term care riders for an additional annual fee.

Currently, the best annuity rate is 5.50% available in a 7-year multi-year guaranteed annuity; 5.80% for a 5-year annuity, 5.00% for a 3-year fixed annuity, and 4.10% for a 2-year annuity.

An annuity rate is a percentage by which an annuity increases each year and is set by the Insurance Company prior to purchase. 

The safest type of annuity is a fixed annuity. Fixed annuities provide a guaranteed interest rate for a set number of years. When you buy an MYGA you will know exactly how much interest you will earn regardless of how the market performs.

Related Content

Annuities 101

The Annuity Free Look Period explained

What is a Free Look Period? During this time you can choose to cancel your contract and receive your entire initial deposit back in full

Scroll to Top

Get a Free Annuity Quote

Complete the form below and we’ll email your annuity quote within 4 business hours. For more immediate assistance you may reach us at 855-583-1104.

Join Our Newsletter

Sign up and get monthly annuity rate updates sent directly to your inbox.