MYGAs lock a guaranteed rate for years with tax deferral. Call 1-800-MEDIGAP for today's best.
What are current MYGA annuity rates in 2026?
In mid-2026, MYGA annuity rates generally range from about 5.5 to 6.5 percent APY depending on the term and the insurer, according to industry rate trackers. Top 5-year contracts sit near 6.30 percent, with the strongest A-rated carriers offering around 5.70 percent. Shorter terms like 3 years and longer terms like 7 to 10 years carry their own rates. The highest advertised rates sometimes come from lower-rated insurers, so balance yield against financial strength. Rates remain near 15-year highs but are expected to ease gradually as the Fed cuts rates, so locking in now may be advantageous. Call 1-800-MEDIGAP for current MYGA quotes.
How does a MYGA guarantee work?
A multi-year guaranteed annuity locks in a fixed interest rate for a chosen term, commonly 3, 5, 7, or 10 years, similar to a CD but issued by an insurance company. Your rate is guaranteed for the entire term and your principal is protected from market loss. Growth is tax-deferred, so you owe no tax until you withdraw, which can boost compounding. At the end of the term, you can renew, withdraw, or roll into another annuity. Early withdrawals above the free amount (often about 10 percent yearly) trigger surrender charges. To match a MYGA term to your timeline, call 1-800-MEDIGAP.