Annuity Rates
Compare this month's MYGA, SPIA, and FIA rates. Pick your product — the boards are below.
Looking for the best annuity rates today? They vary by carrier, term, and type — a MYGA guarantee, a SPIA payout, and an FIA cap are not the same number. Insurance Geek compares 30+ highly rated carriers. Here are this month's tops — then pick MYGA, SPIA, or FIA for the full board.
Key Takeaways
5-year MYGA. Top published guarantees reach 6.40% as of October 2026 (Wichita National Security 5, $10,000+).
SPIA income. A 65-year-old male with $250,000 on a 5-year period certain tops out at $1,688.86/month in our September 2026 Ohio payout comparison.
FIA crediting. Snapshot caps on common index strategies often run 8–10%. Compare like with like — cap vs. cap, not cap vs. a MYGA rate.
Not interchangeable. MYGA, SPIA, and FIA figures measure different things — compare within product type, not across types.
Liquidity. Surrender charges make annuities a poor fit for money you may need before the guarantee period ends.
Rates by product
Current rate guides for MYGA, fixed indexed, and SPIA payouts.
Top MYGA rates
The highest MYGA rate is not always the best contract. See how term length, carrier strength, and surrender rules compare.
Learn more →Top FIA rates
FIA rate sheets hide the real tradeoff in caps and participation. Learn what makes an indexed offer competitive.
Learn more →Top SPIA rates
SPIA payouts vary by age, option, and carrier. See how to compare income before locking in an irreversible choice.
Learn more →What these rates measure
A MYGA answers: how much guaranteed growth can I lock in for a set number of years? Who leads each term is on best MYGA companies. A SPIA answers: how much monthly income does my lump sum buy today? An FIA answers: what is the upside ceiling if the index performs — and what floor protects principal?
Product types live on annuity types. These rate pages show where the market sits right now. If the money is sitting in a bank CD, see annuities vs. CDs.
Current annuity rate ranges by type
Directional tops from our October 2026 MYGA comparison, September 2026 SPIA comparison, and May 2026 FIA declared rates. Confirm your state, premium band, and illustration before you fund.
2026 Annuity Rate Snapshot — Methodology
InsuranceGeek compiled MYGA data from carrier rate sheets verified October 12, 2026, and SPIA payout data from identical illustrations run September 13, 2026 through our live quoting platform — 65-year-old male, Ohio, non-qualified, single life with period certain, income start October 13, 2026. FIA cap and participation figures reflect declared rates from our May 2026 FIA rate guide. Tables show market tops at standard minimum premiums; your quote varies by state, age, gender, and product options.
- Data source
- InsuranceGeek live quoting platform
- Carriers
- 30+ highly rated carriers
- Date range
- October 2026 (MYGA); September 2026 (SPIA); May 2026 (FIA)
- States
- All 50 states (product availability varies by state)
| Product Type | Current Rate / Payout | What It Measures |
|---|---|---|
| 3-Year MYGA | Up to 6.10% | Guaranteed crediting rate, full term |
| 5-Year MYGA | Up to 6.40% | Guaranteed crediting rate, full term |
| 10-Year MYGA | Up to 6.35% | Guaranteed crediting rate, full term |
| SPIA (age 65, $250K, 5-yr PC) | Up to $1,689/month | Monthly income; varies by age, gender, guarantee length |
| FIA cap (index-linked) | 8% – 10.50% annually | Ceiling on gains in a strong index year — not a guaranteed return |
| FIA participation (proprietary index) | 150% – 460% | Share of index movement on custom indices — not the same math as a cap |
MYGA figures from carrier rate sheets verified October 12, 2026. SPIA figures from illustration software as of September 13, 2026. FIA caps from declared rates in our May 2026 FIA guide.
The mistake most buyers make is stacking those numbers as if they compete. A 6.40% MYGA is a contractual annual credit if you hold the term. A 9% FIA cap is a ceiling in a strong index year — not a guarantee.
Expert Tip: The comparison most buyers get wrong
The mistake I see consistently: stacking a MYGA guaranteed rate against an FIA cap as if they are equivalent. A 6.40% MYGA delivers that return every year, contractually, if you hold the term. A 9% FIA cap pays up to 9% only when the linked index rises more than the cap in that crediting period — and only on the index strategy you selected. Flat or modest years often credit less. Match the product type to the goal first, then compare carriers on the same crediting method.
—Brad Cummins, Insurance Geek Founder
Before you commit
Before you chase a headline rate, walk through the same checks we run on every case:
- Product type: Do you need a locked rate, a paycheck, or a floor plus upside?
- Term and liquidity: Can you leave the money alone for the surrender period?
- Same assumptions: Are you comparing one MYGA to another MYGA — not a MYGA rate to an FIA cap?
- State and band: Is the product available where you live, at your premium?
Fill out the form below. We run the product type you actually need in your state — not one carrier's best-case number.
Compare annuity illustrations
Compare MYGA rates, FIA caps, and SPIA payouts on the same premium, term, and state.
Conclusion
If you're searching annuity rates, the first question is which product you are shopping. Our agents see people stack a MYGA guarantee against an FIA cap and pick the bigger number — those are not the same promise.
Pick the type, then we run that board in your state and show the contract next to the rate.
Frequently Asked Questions
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