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. A small gap compounds into thousands over the term. 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 6.25% as of September 2026 (Wichita National Security 5, $10,000+ minimum) — see top MYGA rates by term.
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 — carrier and premium band change the leader.
FIA crediting. Carriers quote caps, participation rates, or spreads — three different rules. Snapshot caps on common index strategies often run 8–10%; participation on proprietary indices can show much higher numbers. Compare like with like on the FIA rates page .
Not interchangeable. MYGA, SPIA, and FIA figures measure different things — compare within product type, not across types.
Liquidity tradeoff. Surrender charges and limited free withdrawals 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 you will find here
Browse top MYGA rates for guaranteed crediting by term length and minimum premium, SPIA rates for carrier payout comparisons by period certain and deposit size, and top FIA rates for cap, participation, and fixed-account crediting strategies. Each page uses our live quoting platform and carrier rate sheets — not a single-carrier illustration.
MYGA rates answer: how much guaranteed growth can I lock in for a set number of years? SPIA payouts answer: how much monthly income does my lump sum buy today? FIA rates answer: what is the upside ceiling if the index performs — and what floor protects principal? Product fundamentals live on annuity types; these rate pages show where the market sits right now.
What each annuity rate type measures
A multi-year guaranteed annuity credits a published guaranteed rate for the full term you select — currently up to 6.25% on 5- and 10-year contracts in our September comparison. A single premium immediate annuity quotes monthly income, not a crediting percentage; age, gender, state, and period certain all move the payout. A fixed indexed annuity quotes cap rates, participation rates, or a fixed account rate inside the contract — only the fixed account slice is guaranteed like a MYGA.
For a MYGA versus bank CD comparison in the current rate environment, see annuities vs. CDs.
Current annuity rate ranges by type
Directional tops from our September 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 August 31, 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+ A-rated carriers
- Date range
- September 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 5.85% | Guaranteed crediting rate, full term |
| 5-Year MYGA | Up to 6.25% | Guaranteed crediting rate, full term |
| 10-Year MYGA | Up to 6.25% | 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 August 31, 2026. SPIA figures from illustration software as of September 13, 2026. FIA caps from declared rates in our May 2026 FIA guide.
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 6.25% 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
Compare annuity illustrations
Compare MYGA rates, FIA caps, and SPIA payouts across 30+ A-rated carriers on the same premium, term, and state.
Conclusion
Annuity rates only matter after you know which product type fits your timeline and liquidity needs. MYGAs lock in guaranteed crediting, SPIAs convert principal into income, and FIAs trade a guaranteed floor for indexed upside — three different answers to three different questions.
The dedicated rate pages above carry carrier-level tables and methodology for each type. As an independent agency, we run illustrations across 30+ A-rated carriers in your state so you see where you land before you move money — not one carrier's best-case number in isolation.
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