In 2022, fixed annuity rates on MYGAs were fairly modest—barely keeping pace with inflation. At that time, the numbers looked like this:
- 3-year MYGA: ~2.50%
- 5-year MYGA: ~3.15%
- 7-year MYGA: ~3.20%
- 10-year MYGA: ~3.25%
These MYGA rates were competitive with bank CDs, but they didn’t offer much excitement for investors looking for significant growth.
Fast forward to 2025, and the landscape has shifted dramatically. The latest MYGA rates now stand at:
- 3-year MYGA: 5.50%
- 5-year MYGA: 5.66%
- 7-year MYGA: 5.55%
- 10-year MYGA: 5.65%
This near-doubling in fixed annuity rates over the past three years is noteworthy. If you’re a retiree or anyone seeking safe, predictable income, these annuity rates deserve your attention.
Why Are MYGA Rates So High Right Now?
Several key factors are driving the surge in MYGA rates:
- Higher Interest Rates: In an effort to combat inflation, the Federal Reserve has raised interest rates. As a result, insurance companies are compelled to offer better fixed annuity rates to remain competitive.
- Market Volatility: With increasing uncertainty in the stock market, many investors are choosing the security of guaranteed returns. MYGA rates provide a reliable alternative to the risks associated with equities.
- Competitive Environment: As more insurers enter the fray, competition has intensified, ultimately leading to higher annuity rates for consumers.
Why NOW Is the Time to Lock In These Rates
The current window of opportunity is limited. Interest rates may eventually recede, and when they do, MYGA rates—and overall fixed annuity rates—are likely to follow suit. If you have cash reserves, are considering rolling over an old CD, or want to secure part of your retirement savings with a guaranteed interest rate, locking in a MYGA now could be one of the smartest moves you make.
Final Thoughts – Don’t Wait Too Long
Fixed annuities offer a safe and reliable way to achieve predictable growth without the worry of market crashes or declining bank CD rates. With MYGA rates now north of 5.50%, retirees have a unique opportunity to lock in strong, guaranteed returns that might not be available for long. Don’t let this chance pass you by—the time to act is now.
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Explore the best annuity rates available today and learn how annuities can transform your savings into a steady, predictable income stream. Speak with one of our qualified financial professionals to find out how an annuity can offer you guaranteed monthly income for life.