Annuity Rates
August 2026: top 5-year MYGA rates reach 6.25%, SPIA payouts up to $1,674/month on $250K at 65, FIA caps 8–10%. Compare all types from 30+ A-rated carriers.
“Rates change with the interest-rate environment—compare MYGA, indexed, and SPIA payouts before you commit.”
Annuity rates depend almost entirely on which type of annuity you are comparing — and most sites treat them as if they are the same metric. They are not. A MYGA rate is a contractually guaranteed crediting rate, like a CD yield. A SPIA rate is monthly income from a lump sum. An FIA cap rate is the ceiling on what you can earn in a strong index year — not a guaranteed return. Mixing these in one comparison leads to the wrong product.
As an independent agency working across 30+ A-rated carriers, we verify carrier rate sheets and run illustrations through our live quoting platform so you can match the right product type to your goal — not just the highest number on a comparison page. Use the rate guides below for carrier-by-carrier tables; this page orients you by product type and current market levels.
Key Takeaways
5-year MYGA. Top published guarantees reach 6.25% as of August 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 around $1,674/month in our August 2026 Ohio payout comparison — carrier and premium band change the leader.
FIA caps. S&P 500 annual cap rates run 8–10% on leading products; proprietary index participation rates reach up to 460% on volatility-controlled indices (May 2026 declared rates).
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 →Annuities
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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-year contracts in our August 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 August 2026 MYGA and SPIA comparisons 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 July 27, 2026, and SPIA payout data from identical illustrations run in August 2026 through our live quoting platform — 65-year-old male, Ohio, non-qualified, single life with period certain. 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
- August 2026 (MYGA & 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 6.15% | Guaranteed crediting rate, full term |
| SPIA (age 65, $250K, 5-yr PC) | Up to $1,674/month | Monthly income; varies by age, gender, guarantee length |
| FIA S&P 500 Cap | 8% – 10.50% annually | Maximum annual gain from S&P 500 index participation |
| FIA Proprietary Index | 150% – 460% participation | Participation on managed, volatility-controlled indices |
MYGA and SPIA figures from carrier rate sheets and illustration software verified by our licensed agents as of July–August 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 rate as if they are equivalent. A 6.25% MYGA delivers that return every year, contractually, if you hold the term. A 9% FIA cap delivers up to 9% only in years when the S&P 500 rises more than that cap. In flat or modestly positive years, you earn whatever the index actually does — often 0–4%. Match the rate type to the goal first, then shop carriers within that product.
—Brad Cummins, Insurance Geek Founder
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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