Fixed Annuity Interest Rates
With our independent insurance agency, you can compare current fixed annuity interest rates from several carriers in one place. View our most popular tax-deferred and income generating annuity accounts below.
Current Multi-Year Fixed Annuity Rates & Yields (MYGA)
|Insurance Company||Annuity Term||Annual Yield||Deposit Amount||Information|
|Sentinel Life||10 Years||3.50%||$5K||Request Info|
|Midland Life||9 Years||3.20%||$200K||Request Info|
|Midland Life||8 Years||3.05%||$200K||Request Info|
|Sentinel Life||7 Years||3.35%||$5K||Request Info|
|Atlantic Coast Life||6 Years||3.35%||$5K||Request Info|
|Atlantic Coast Life||5 Years||3.23%||$5K||Request Info|
|Oxford Life||4 Years||2.40%||$5K||Request Info|
|Oxford Life||3 Years||2.00%||$5K||Request Info|
|Employees Life||2 Years||1.75%||$5k||Request Info|
|Employees Life||1 Year||1.50%||$5k||Request Info|
Best 5 Yielding Year Fixed Annuity MYGA Accounts
|Company||Annual Yield||Minimum $||Information|
|Atlantic Coast Life||3.23%||$5K||Request Information|
|Sentinel Life||3.20%||$10K||Request Information|
|Fidelity & Guaranty Life||3.15%||$20k||Request Information|
|Midland National Life||2.90%||$200K||Request Information|
|American Equity||2.70%||$5K||Request Information|
(Annuity interest rates can vary between states and are subject to change pending company announcement. We update our fixed rates on a regular basis. Some policies are not available in some states. Additionally, rates may be lower with some accounts if certain liquidity features are desired.)
Fixed Interest vs. Floating Rate Annuity Accounts
Fixed annuities come in two forms – MYGA (multi-year guaranteed annuity) and floating rate accounts. MYGA’s are the most popular and the most common. All policies listed in the two charts above are MYGA accounts.
With multi-year accounts, your rate is locked in for the duration that you choose. The rate is guaranteed by the insurance company and will neither increase or decrease over the selected term. Your investment is free and clear after the term has expired.
Less common are floating rate fixed annuity accounts. Interest rates can fluctuate each year and may increase or decrease depending on the economic environment. All policies will include a floor (minimum interest rate) that cannot be breached. Floating rate annuities can be advantageous in an increasing interest rate cycle. Multi-year annuity accounts have been more popular with our clients as they provide more certainty and guarantees.
Guaranteed Monthly Income & Tax-Deferred Accounts
Our clients purchase annuities for several reasons. Safety of principal and interest is certainly one the the most important factors. These contracts can also create guaranteed systematic income streams or tax-deferred growth, but not both at the same time. We help those needing immediate income as well as those wanting to defer gains and reduce taxable income.
Our agency offers a wide range of fixed annuity accounts from the leading insurance companies. We are constantly licensing with new carriers to offer our clients the best fixed rate of return on their investments. We will be happy to send you brochures, policy specs, and company financials on the fixed annuities you are most interested in.
*Annuity interest rates are subject to change. We will update rate changes as soon as we are notified by the insurance company. Not all annuity accounts are available in all states. It is best to speak with one of our licensed insurance agents to learn more about what is available in your area.
*Multi-year fixed annuities provide a guaranteed interest rate for the selected number of years, but the rates are not guaranteed beyond that time period. At the end of the term, you can reinvest for a new term, transfer your funds to a new annuity or withdrawal all funds. In most states, fixed annuity accounts are insured up to $250,000.