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 2022
Below are the best fixed annuity rates today as of October 23, 2022. Currently, Oceanview offers the best guaranteed annuity rate today of 5.30% available in a 7 year fixed annuity.
| Term | Insurer | Annuity | Rate | AM Best | W/Ds | ||
|---|---|---|---|---|---|---|---|
| 2 Years | 
| Americo | Platinum Assure | 4.30% | A |  | |
| 3 Years | 
| Guaranty Income Life | Guaranty Rate Lock | 5.30% | A- | | |
| 4 Years |
| Guaranty Income Life | Guaranty Rate Lock | 5.40% | A- | | |
| 5 Years | 
| Ibexis | MYGA Plus | 6.00% | A- | | |
| 6 Years | 
| Oceanview | Harbourview | 5.30% | A- | | |
| 7 Years | 
| ASPIDA | Synergy Choice | 5.55% | A- |  | |
| 8 Years | 
| Oxford Life | Multi-Select | 4.95% | A | | |
| 9 Years | 
| Oxford Life | Multi-Select | 4.95% | A | | |
| 10 Years |
| Oceanview | Harbourview | 5.20% | A- | |
Best Fixed Annuity Rates November 2022
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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.
Fixed Index Annuity Rates
Earn interest based on the performance of a stock market index offering more upside potential along with downside protection.
Fixed deferred annuity rates are set by the insurance company and guaranteed for the initial contract term.
Immediate Annuity Rates
Income Payments are guaranteed for life or a number of years and are determined by your age and income payment options.
Earn investment returns based on the performance of “subaccounts." You can lose money in a variable annuity.
Best Multi Year Guaranteed Annuity Rates Today
A multiyear 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 the best current fixed annuity rates for October 2022 in the tables below.
Best 3 Year Annuity Rates
| Insurer | Annuity | Rate | AM Best | Liquidity | ||
|---|---|---|---|---|---|---|
|
| Guaranty Income Life | Guaranty Rate Lock | 5.30% | A- | | |
|
| ASPIDA | Synergy Choice | 5.10% | A- | | |
| American Life | American Classic | 5.10% | B++ | | |
| Athene | MaxRate | 4.85% | A | | |
| Oceanview | Harbourview | 4.75% | A- | | |
| North American | Guarantee Plus 3 | 4.55% | A+ | | |
| Fidelity & Guaranty | Guarantee-Platinum | 4.50% | A- | |
Best 5 Year Annuity Rates
| Insurer | Annuity | Rate | AM Best | Liquidity | ||
|---|---|---|---|---|---|---|
|
| Ibexis Life | Ibexis MYGA Plus | 6.00% | A- | | |
|
| Guaranty Income Life | Guaranty Rate Lock | 5.60% | A- | | |
|
| ASPIDA | Synergy Choice | 5.40% | A- | | |
|
| Athene | MaxRate | 5.35% | A | | |
|
| Fidelity & Guaranty | Guarantee-Platinum | 5.20% | A- | | |
|
| North American | Guarantee Plus | 5.15% | A+ | | |
| Nationwide | Secure Growth 5 | 5.15% | A+ | |
Best 7 Year Annuity Rates
| Insurer | Annuity | Rate | AM Best | Liquidity | ||
|---|---|---|---|---|---|---|
|
| ASPIDA | Synergy Choice | 5.55% | A- | | |
|
| Americo | Platinum Assure | 5.50% | A | | |
|
| Fidelity & Guaranty | Guarantee-Platinum | 5.40% | A- | | |
|
| Athene | MaxRate | 5.40% | A | | |
|
| Nationwide | Secure Growth | 5.35% | A+ | | |
|
| North American | Guarantee Plus | 5.25% | A+ | |
Best 10 Year Annuity Rates
| Insurer | Annuity | Rate | W/Ds | AM Best | ||
|---|---|---|---|---|---|---|
|
| Oceanview | Harbourview | 5.20% | | A- | |
 | AIG | American Pathway | 5.15% | | A | |
|
| Oxford Life | Multi-Select | 5.00% | | A | |
| Sentinel Security | Personal Choice | 4.75% | | B++ |
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 todays best fixed index annuities for October sorted by the highest annual cap rate using the S&P 500 Index.
| Insurer | Annuity | Rating | Cap | Term | |
|---|---|---|---|---|---|
| Fidelity & Guaranty Life | Prosperity Elite 14 Protection | A- | 12.50% | 14 Years |
|
| Fidelity & Guaranty Life | Prosperity Elite 10 Protection | A- | 12.25% | 10 Years |
|
| Fidelity & Guaranty Life | Prosperity Elite 7 Protection | A- | 12% | 7 Years |
| MassMutual Ascend Life Insurance Company | American Legend 7 | A+ | 11% | 7 Years |
|
| Athene | Performance Elite 7 | A | 10.75% | 7 Years |
| AIG | Power 7 Protector | A | 10.60% | 7 Years |
|
| AIG | Power 10 Protector | A | 9% | 10 Years |
| Global Atlantic | Choice Accumulation II 7 | A | 8.75% | 7 Years |
10 Best Fixed Index Annuity Companies 2022
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 September.
| Payout Type | Age 60 | Age 65 | Age 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 |
How Much Does a $100,000 Annuity Pay Per Month?
Best Bonus Annuity Rates
The below table lists the annuities with the highest bonus rates for October 2022. 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.
| Annuity | Bonus |
|---|---|
| Athene Performance Elite 15 Yr | 20% |
| American Select Bonus 10 Yr | 16% |
| Athene Performance Elite 10 Yr | 14% |
| F&G Performance Pro 10 Yr | 12% |
| Midland IndexBuilder 14 Yr | 11% |
Bonus Annuities
Frequently Asked Questions
Are Annuities FDIC Insured?
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.
Do Annuities Have Fees?
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.
What are the Best Annuity Rates Today?
Currently, the best annuity rate is 5.30% available in a 7-year multi-year guaranteed annuity; 5.20% for a 5-year annuity, 4.85% for a 3-year fixed annuity, and 4.10% for a 2-year annuity.
What is an Annuity Rate?
An annuity rate is a percentage by which an annuity increases each year and is set by the Insurance Company prior to purchase.
What is the Safest Type of Annuity?
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 a MYGA you will know exactly how much interest you will earn regardless of how the market performs.
