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Top MYGA rates in the tables below come from our August 2026 rate comparison — published guaranteed crediting rates pulled from carrier rate sheets and verified through our live quoting platform. Rates vary by term length, carrier, minimum premium band, and state. One issuer's rate sheet is not the market; who credits the most on your deposit size and timeline is what you are here to compare.
Most people shop MYGAs from a single carrier illustration or bank CD quote. The leader at one minimum premium is not always the leader at another — and state approval can remove an otherwise top rate from your options. Use the summary table for direction, then jump to the term section that matches your lock-in period.
These multi-year guaranteed annuity figures are published carrier rates from our quoting tools, not your personal illustration. As an independent agency, we compare MYGAs across 30+ A-rated carriers in your state and show where your crediting rate lands before you fund. For how MYGAs work and surrender terms, see our MYGA overview. For issuer quality beyond the headline rate, see best MYGA companies.
Current Top MYGA Rates by Term
We compiled the highest published guaranteed crediting rate at each standard term from carrier rate sheets verified July 27, 2026, then ranked carriers within each term by rate and minimum premium. Product availability varies by state — confirm your illustration before you apply.
August 2026 MYGA Rate Comparison — Methodology
InsuranceGeek compiled MYGA rate data by reviewing carrier rate sheets and verifying published guarantees through our live quoting platform across 30+ A-rated carriers. Tables show the top five carriers by guaranteed crediting rate at each term length, with minimum premium bands as listed on the rate sheet. Rates change without notice; this page is educational, not an offer to sell insurance.
- Data source
- InsuranceGeek live quoting platform
- Carriers
- 30+ A-rated carriers
- Date range
- July 27, 2026 (August 2026 publication)
- States
- All 50 states (product availability varies)
| Term | Top guaranteed rate | Example carrier / product |
|---|---|---|
| 2 years | 5.15% | CL Life — CL Sundance 2 ($20,000+) |
| 3 years | 5.85% | Wichita National — Security 3 ($10,000+) |
| 4 years | 5.45% | Oceanview Life — Harbourview 4 Mid Band ($70,000+) |
| 5 years | 6.25% | Wichita National — Security 5 ($10,000+) |
| 6 years | 6.00% | American Gulf — Anchor MYGA 6 ($10,000+) |
| 7 years | 6.10% | Heartland National — Secure Rate Pro 7 ($5,000+) |
| 10 years | 6.15% | Heartland National — Secure Rate Pro 10 ($5,000+) |
Rates sourced directly from carrier rate sheets and verified by our licensed agents as of July 27, 2026.
What's moving on the August rate comparison
A few meaningful shifts from the prior update worth flagging before you shop:
- American Gulf dropped 30 basis points on 5-, 6-, and 7-year terms — it led all three in May; Wichita and Heartland now lead those terms
- Heartland National moved up sharply on 7- and 10-year terms and now appears on 3- and 5-year as well
- The 4-year term rose across multiple carriers — Oceanview up 25bps, Clear Spring up 25bps, Oxford and Nassau both up 15–25bps
- 8- and 9-year terms are not on the July 27 rate sheets; those sections are removed until carriers publish new guarantees
Rate movements on any given update reflect carrier filing decisions, reinvestment yields, and inflow targets — not a single macro signal. If a term and rate combination works for your timeline, confirm on the day you apply rather than waiting on the next rate sheet cycle.
2-Year MYGA Rates
| 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% |
| GBU Life | Asset Guard Select 2 Low Band | $25,000+ | 4.95% |
| GBU Life | Asset Guard Select 2 High Band | $100,000+ | 4.95% |
| Oceanview Life and Annuity | Harbourview 2 Mid Band | $70,000+ | 4.95% |
3-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Wichita National Life Ins. Co. | Security 3 | $10,000+ | 5.85% |
| Heartland National | Secure Rate Pro 3 | $5,000+ | 5.80% |
| NexAnnuity | Nex3 | $50,000+ | 5.75% |
| Farmers Life Insurance Company | Farmers Safeguard Plus 3 | $10,000+ | 5.65% |
| Revol One Financial | DirectGrowth 3 | $10,000+ | 5.55% |
4-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 4 Mid Band | $70,000+ | 5.45% |
| Oceanview Life and Annuity | Harbourview 4 High Band | $100,000+ | 5.45% |
| Clear Spring Life | Preserve MYGA 4 High Band | $100,000+ | 5.30% |
| Oxford Life Insurance Company | Multi-Select 4 | $20,000+ | 5.25% |
| Nassau Life and Annuity Company | Nassau Simple Annuity 4 | $10,000+ | 5.25% |
5-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Wichita National Life Ins. Co. | Security 5 | $10,000+ | 6.25% |
| Heartland National | Secure Rate Pro 5 | $5,000+ | 6.10% |
| American Gulf | Anchor MYGA 5 | $10,000+ | 6.00% |
| Revol One Financial | DirectGrowth 5 | $10,000+ | 6.00% |
| Farmers Life Insurance Company | Farmers Safeguard Plus 5 | $10,000+ | 6.00% |
6-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| American Gulf | Anchor MYGA 6 | $10,000+ | 6.00% |
| Oxford Life Insurance Company | Multi-Select 6 | $20,000+ | 5.70% |
| Oceanview Life and Annuity | Harbourview 6 Mid Band | $70,000+ | 5.60% |
| Oceanview Life and Annuity | Harbourview 6 High Band | $100,000+ | 5.60% |
| American National Insurance Co. | Palladium MYG MAX 6 High Band | $250,000+ | 4.90% base (bonus-heavy; see illustration) |
The American National Palladium MAX 6 shows a high illustrated current rate due to a premium bonus; the base crediting rate is what we list for apples-to-apples comparison — get a formal illustration for the full picture.
7-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Heartland National | Secure Rate Pro 7 | $5,000+ | 6.10% |
| Wichita National Life Ins. Co. | Security 7 | $10,000+ | 6.10% |
| Revol One Financial | DirectGrowth 7 | $10,000+ | 6.00% |
| Farmers Life Insurance Company | Farmers Safeguard Plus 7 | $10,000+ | 5.95% |
| Revol One Financial | DirectGrowth 7 Enhanced Death Benefit | $10,000+ | 5.90% |
10-Year MYGA Rates
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Heartland National | Secure Rate Pro 10 | $5,000+ | 6.15% |
| Farmers Life Insurance Company | Farmers Safeguard Plus 10 | $10,000+ | 6.05% |
| Wichita National Life Ins. Co. | Security 10 | $10,000+ | 6.05% |
| Revol One Financial | DirectGrowth 10 | $10,000+ | 6.00% |
| Revol One Financial | DirectGrowth 10 Enhanced Death Benefit | $10,000+ | 5.90% |
Rates, state approvals, and product versions change — verify with a licensed professional before you apply.
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MYGA vs. CD Rates
MYGAs in this comparison lead comparable bank CDs by roughly 1.70%–1.85% on 3-, 5-, and 7-year terms. In non-qualified accounts, tax deferral on MYGA earnings widens the gap further versus annually taxed CD interest. See annuities vs CDs for the full comparison.
Frequently Asked Questions
Conclusion
The August 2026 MYGA rate comparison shows real movement — Heartland National stepped up to lead on 7- and 10-year terms, the 4-year term rose sharply across multiple carriers, and American Gulf pulled back from its prior position on mid-length guarantees. The spread between short and long terms remains unusually tight, which makes term selection a genuine decision rather than a default to the highest number.
The rate tables are the starting point. Minimum renewal rate guarantees, MVA provisions, free withdrawal terms, and issuer financial strength all matter alongside the crediting rate. As an independent agency, we run illustrations across 30+ A-rated carriers and show you the full contract grid before you move money. Confirm state availability and run your numbers before you commit.
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Get My RateAbout 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.
