The best 5-year annuity rates near 6.30% top 5-year CDs. Call 1-800-MEDIGAP to lock yours.
What are the best 5-year annuity rates now?
As of mid-2026, the best 5-year fixed annuity (MYGA) rates reach about 6.30 percent APY, with top A-rated carriers offering around 5.70 percent, according to industry rate trackers. A 5-year MYGA locks that rate for the full term, protects your principal, and grows tax-deferred until withdrawal. For comparison, top 5-year CDs pay roughly 4.65 percent and tax interest yearly, so a 5-year MYGA often delivers more after-tax growth. The highest advertised rates may come from lower-rated insurers, so weigh yield against financial strength. Rates change daily and vary by state. Call 1-800-MEDIGAP for today's best 5-year annuity rates from A-rated carriers.
Is a 5-year annuity term right for you?
A 5-year annuity term suits savers who want a guaranteed, above-CD rate and will not need the principal for five years. It is a popular middle ground: long enough to capture a strong rate, short enough to keep your money relatively accessible compared with 7- or 10-year contracts. At maturity you can withdraw penalty-free, renew, or roll into a new annuity. Early withdrawals above the free amount (often about 10 percent yearly) trigger surrender charges, so match the term to your timeline. With rates near 15-year highs but expected to ease, locking a 5-year rate now can be advantageous. Call 1-800-MEDIGAP to compare 5-year options.