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Top MYGA rates in the tables below reflect an April 2026 snapshot—crediting rates vary by term, carrier, and minimum premium; confirm state availability and your illustration before you fund. Rates change without notice; this page is educational, not an offer. For issuer quality beyond the rate board, see best MYGA companies. Broader annuity pricing: annuity rates.
Current Top MYGA Rates by Term
Use the summary table for direction, then the term sections for the product that fits your premium band.
Rates sourced directly from carrier rate sheets and verified by our licensed agents as of April 1, 2026.
| Term | Top guaranteed rate | Example carrier / product |
|---|---|---|
| 1 year | 4.00% | ELCO Mutual — Guardian Eagle 1 Year ($10,000+) |
| 2 years | 5.15% | CL Life — CL Sundance 2 ($20,000+) |
| 3 years | 5.85% | Wichita National — Security 3 ($10,000+) |
| 4 years | 5.00% | Multiple carriers (see tables below) |
| 5 years | 6.30% | American Gulf — Anchor MYGA 5 ($10,000+) |
| 6–7 years | 6.30% | American Gulf — Anchor MYGA 6 / 7 ($10,000+) |
| 8 years | 5.30% | Talcott — EverStead MYGA 8 High Band ($500,000+) |
| 9 years | 5.50% | Liberty Bankers — Heritage Elite 9 ($10,000+) |
| 10 years | 6.05% | Wichita National — Security 10 ($10,000+) |
1-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| ELCO Mutual Life & Annuity | Guardian Eagle 1 Year | $10,000+ | 4.00% |
2-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| CL Life | CL Sundance 2 | $20,000+ | 5.15% |
| Axonic Insurance | Waypoint 2 MYGA High Band | $100,000+ | 5.00% |
| Talcott Financial Group | EverStead MYGA 2 High Band | $500,000+ | 4.80% |
| GBU Life | Asset Guard Select 2 Low Band | $25,000+ | 4.75% |
| GBU Life | Asset Guard Select 2 High Band | $100,000+ | 4.75% |
| Talcott Financial Group | EverStead MYGA 2 Mid Band | $100,000+ | 4.70% |
3-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Wichita National Life Ins. Co. | Security 3 | $10,000+ | 5.85% |
| Revol One Financial | DirectGrowth 3 | $25,000+ | 5.55% |
| Heartland National | Secure Rate 3 | $5,000+ | 5.50% |
| Revol One Financial | DirectGrowth 3 (CA) | $25,000+ | 5.45% |
| Revol One Financial | DirectGrowth 3 Enhanced Death Benefit | $25,000+ | 5.45% |
4-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 4 Mid Band | $70,000+ | 5.00% |
| Oceanview Life and Annuity | Harbourview 4 High Band | $100,000+ | 5.00% |
| Oceanview Life and Annuity | Harbourview 4 (CA) Mid Band | $70,000+ | 5.00% |
| Oceanview Life and Annuity | Harbourview 4 (CA) High Band | $100,000+ | 5.00% |
| Nassau Life and Annuity Company | Nassau Simple Annuity 4 | $10,000+ | 5.00% |
| Talcott Financial Group | EverStead MYGA 4 High Band | $500,000+ | 4.95% |
| Clear Spring Life | Preserve MYGA 4 High Band | $100,000+ | 4.90% |
5-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| American Gulf | Anchor MYGA 5 | $10,000+ | 6.30% |
| Wichita National Life Ins. Co. | Security 5 | $10,000+ | 6.25% |
| Heartland National | Secure Rate 5 | $5,000+ | 5.90% |
| Revol One Financial | DirectGrowth 5 | $25,000+ | 5.85% |
| Baltimore Life Insurance Company | IQumulate 5 | $5,000+ | 5.80% |
6-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| American Gulf | Anchor MYGA 6 | $10,000+ | 6.30% |
| American National Insurance Co. | Palladium MYG MAX 6 High Band | $250,000+ | 4.70% base (bonus-heavy; see illustration) |
| American National Insurance Co. | Palladium MYG Annuity 6 High Band | $250,000+ | 4.55% base (bonus-heavy; see illustration) |
| American National Insurance Co. | Palladium MYG MAX 6 Mid Band | $100,000+ | 4.55% base (bonus-heavy; see illustration) |
| Oceanview Life and Annuity | Harbourview 6 Mid Band | $70,000+ | 5.35% |
| Oceanview Life and Annuity | Harbourview 6 High Band | $100,000+ | 5.35% |
Some American National Palladium series show a higher illustrated current rate with a premium bonus; the base crediting rate is what we list for apples-to-apples comparison—get a formal illustration for bonus mechanics.
7-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| American Gulf | Anchor MYGA 7 | $10,000+ | 6.30% |
| Wichita National Life Ins. Co. | Security 7 | $10,000+ | 6.10% |
| Heartland National | Secure Rate 7 | $5,000+ | 5.95% |
| Revol One Financial | DirectGrowth 7 | $25,000+ | 5.85% |
| Baltimore Life Insurance Company | IQumulate 7 | $5,000+ | 5.80% |
8-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Talcott Financial Group | EverStead MYGA 8 High Band | $500,000+ | 5.30% |
| EquiTrust Life Insurance Company | Certainty Select 8 | $10,000+ | 5.20% |
| Talcott Financial Group | EverStead MYGA 8 Mid Band | $100,000+ | 5.20% |
| Oxford Life Insurance Company | Multi-Select 8 | $20,000+ | 5.20% |
| American National Insurance Co. | Palladium MYG Annuity 8 High Band | $250,000+ | 5.10% |
9-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Liberty Bankers Life | Heritage Elite 9 | $10,000+ | 5.50% |
| Liberty Bankers Life | Heritage Premier Plus 9 | $10,000+ | 5.35% base (bonus; see illustration) |
| Liberty Bankers Life | Heritage Premier 9 | $10,000+ | 5.45% |
| Talcott Financial Group | EverStead MYGA 9 High Band | $500,000+ | 5.30% |
| Liberty Bankers Life | Heritage Classic 9 | $10,000+ | 5.25% |
10-year MYGA
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Wichita National Life Ins. Co. | Security 10 | $10,000+ | 6.05% |
| Heartland National | Secure Rate 10 | $5,000+ | 6.00% |
| Revol One Financial | DirectGrowth 10 | $25,000+ | 5.85% |
| Revol One Financial | DirectGrowth 10 Enhanced Death Benefit | $25,000+ | 5.75% |
| Revol One Financial | DirectGrowth 10 Free Partial Surrender | $25,000+ | 5.75% |
Effective April 1, 2026. Rates, state approvals, and product versions change—verify with a licensed professional before you apply.
MYGA Rates vs. CD Rates Comparison
MYGAs often beat comparable bank CDs on headline rate; in non-qualified accounts, tax-deferred growth improves the net story versus annually taxed CD interest.
| Term | Top MYGA (snapshot) | Typical top CD | Illustrative spread |
|---|---|---|---|
| 3 Years | 5.85% | ~4.15% | ~+1.70% |
| 5 Years | 6.30% | ~4.40% | ~+1.90% |
| 7 Years | 6.30% | ~4.25% | ~+2.05% |
More product context: fixed annuity overview.
Factors Affecting Your MYGA Rate
Investment Amount Impact
Many carriers tier rates by premium—often roughly standard below ~$50k, better near $100k–$250k, and top bands at $250k+. Bands vary by issuer.
State-Specific Variations
Products and filed rates differ by state; state guaranty association limits also vary (often $100k–$500k per insurer)—factor that into concentration.
Age and Timing Considerations
MYGAs are not usually age-priced like SPIAs, but your application date locks the rate—quotes move with carrier filings and yields.
Top MYGA Companies and Ratings
Balance rate against financial strength. Deeper issuer analysis: best MYGA companies.
Leading MYGA Providers
| Company | Notes |
|---|---|
| American Gulf | Anchor MYGA line led 5–7 year terms on this board |
| Wichita National | Security series competitive across 3–10 years |
| Heartland National | Secure Rate grid; confirm state availability |
| Revol One Financial | DirectGrowth variants differ by state and rider |
| Baltimore Life | IQumulate multi-year guarantees on the board |
| American National | Palladium series often bonus-heavy—rely on illustrations |
A slightly lower rate from a stronger balance sheet can beat chasing the last basis point from a thin issuer—use ratings and illustrations, not the table alone.
MYGA Contract Features Affecting Value
Surrender Charge Schedules
Most MYGAs charge for early exit—often a declining percent schedule to zero at term end. Match the schedule to how long you can truly leave the money alone.
Withdrawal Provisions
Many contracts allow limited free withdrawals (often around 10% per year after year one)—read the rider grid; “liquid” and “MYGA” are not the same thing.
Market Value Adjustments
Some contracts include an MVA on certain withdrawals—if rates move against you, early exits can cost more than the surrender schedule alone.
Tax Implications of MYGA Rates
Tax-Deferred Growth Advantage
In non-qualified accounts, earnings grow tax-deferred until withdrawal—unlike bank interest taxed annually.
Expert Tip: Tax-Equivalent Yield Calculation
For investors in the 32% tax bracket, a 6% MYGA rate provides tax-equivalent yield of approximately 8.8% compared to taxable investments. This makes the rate advantage even more compelling than direct comparisons suggest.
—Brad Cummins, Insurance Geek Founder
Withdrawal Taxation
Non-qualified withdrawals generally take gain first (LIFO-style treatment of gain vs basis)—plan with your CPA before you stack large withdrawals in one year.
MYGA Rate Strategies for Different Goals
Rate Locking Strategy
If you want to hold today’s guarantees, lean longer term on the board—on this snapshot, competitive 5–7 year and 10-year lines include American Gulf Anchor and Wichita Security; confirm your state and band on an illustration.
Laddering Strategy
Split premium across 3-, 5-, and 7-year (or similar) maturities so you reinvest a slice at future rates instead of one big maturity date.
Rate Optimization Strategy
Hit tier breakpoints where it makes sense, compare issuers with similar rates but cleaner surrender/withdrawal terms, and diversify if you are bumping against guaranty limits.
When Current MYGA Rates Make Sense
Conservative Portfolio Allocation
Use MYGAs for the fixed sleeve where you want guaranteed crediting and no equity volatility—see retirement planning for how that fits a broader plan.
CD Alternative Evaluation
Rolling CDs or holding cash-like savings: MYGAs often lead on rate; tax deferral widens the gap for non-qualified money—annuities vs CDs.
Market Uncertainty Hedge
When you want principal protection and a locked rate, MYGAs are the CD-like anchor—without pretending they are liquid like money-market funds.
Future MYGA Rate Outlook
Yields and carrier appetite drive filed rates; strong inflows or lower reinvestment yields can pull top-line quotes down even when “rates in the news” still sound high. If today’s level works on your illustration, waiting for a better print is not a strategy.
Maximizing Your MYGA Rate Opportunity
Compare multiple carriers, complete paperwork when the quote is still valid, and avoid splitting attention across too many small tickets if tiers reward size—same themes as how we pick MYGA companies.
Is a Top MYGA Rate Right for You?
When MYGA Rates Excel
Best when you can hold to term, want guaranteed crediting, and are funding non-qualified or IRA dollars that fit a fixed bucket—CD rollovers and bond substitutes are common use cases.
When Alternatives May Be Better
Need liquidity inside the guarantee period, want market upside, or need income now—not accumulation—point you toward other designs. Fixed indexed annuities trade guarantees for caps/participation; immediate annuities fit income-start scenarios, not tax-deferred buildup.
Get Your Top MYGA Rate Today
Get a personalized MYGA comparison across carriers—we run illustrations for your state, premium, and term so you see guaranteed rates and contract terms before you move money.
Frequently Asked Questions
About Brad Cummins
Brad Cummins is the founder of Insurance Geek and primary author of its educational content. Licensed since 2004, he brings over 21 years of experience structuring life insurance and IUL strategies for clients nationwide.
Fact checked by Ryan Wood
Ryan Wood is a licensed insurance professional and contributing advisor at Insurance Geek, serving as a fact checker and technical reviewer for life insurance and annuity content. First licensed in 2013, he brings more than 12 years of experience and holds licenses in over 40 U.S. states.
