Florida Annuity Rate Tracker
MYGA & FIA rates · The Villages · St. Petersburg · Tampa Bay · May 2026
Top MYGA rates from A or A+ rated carriers available to Florida residents as of May 2026 range from roughly 5.00% (2 years) to 5.65% (10 years), with the 5-year sweet spot near 5.40%. Competitive fixed index annuity (FIA) products are crediting 9–10.5% caps on S&P 500 annual point-to-point strategies and offering income-base roll-ups in the 7.00–8.50% range. Rates change weekly — call for a current quote before applying.
Updated monthly · Next refresh: June 2026
MYGA rates — May 2026
Multi-Year Guaranteed Annuities (MYGAs) lock in a fixed interest rate for the full contract term — similar to a CD, but issued by an insurance company, grown tax-deferred, and backed by the carrier's claims-paying ability and the Florida Life & Health Insurance Guaranty Association.
| Term | Top Rate* | Carrier Tier | Notes |
|---|---|---|---|
| 2 years | 5.00% | A / A+ rated | Limited carrier availability |
| 3 years | 5.10% | A / A+ rated | Athene / Oxford Life range |
| 5 years | 5.40% | A / A+ rated | Most competitive sweet spot |
| 7 years | 5.55% | A / A+ rated | Longer rate lock, higher commitment |
| 10 years | 5.65% | A / A+ rated | Pre-retirement accumulation |
*Sources: AnnuityAdvantage, Blueprint Income, and ImmediateAnnuities.com surveys of A or A+ rated carriers (May 2026). Rates change weekly; the table reflects competitive rates available to Florida residents at publication.
Fixed index annuity (FIA) snapshots — May 2026
FIAs credit interest based on a market index (most often the S&P 500) without putting principal at market risk. The contract limits upside through one of several mechanisms below. The income rider section shows what a separate fee-based rider can guarantee for lifetime income.
| Product Feature | Competitive Range* | What it means |
|---|---|---|
| S&P 500 Annual Point-to-Point (cap) | 9.00–10.50% | Cap rate on 1-year crediting term |
| S&P 500 Annual Point-to-Point (par) | 55–70% | Participation rate; no cap |
| 2-Year Point-to-Point with Spread | 1.00–1.75% | Spread/asset fee; uncapped upside |
| Income Rider Roll-up | 7.00–8.50% | Simple-interest roll-up on income base |
| Lifetime Withdrawal % (age 65, single) | 5.50–6.25% | Withdrawal % on income base at activation |
*Carrier-survey ranges from major FIA issuers (Athene, F&G, American Equity, Allianz, Nationwide, Lincoln). Specific cap, participation, and roll-up rates vary by product, surrender period, and rider election. Quotes are illustrative — actual contract terms determine the binding values.
How to read these rates
- MYGA rate — credited interest, compounded annually for the full surrender period. After the term ends, the rate resets or the contract can be exchanged 1035-style into a new contract without triggering tax.
- Cap rate — maximum interest credited in a single crediting period (typically 1 year). If the S&P 500 returns 14% and your cap is 10%, you get 10%. If the index drops, your floor is 0%.
- Participation rate — percentage of the index gain you receive. With a 60% participation rate and a 12% index gain, you get 7.2%.
- Roll-up rate — guaranteed growth on the income base used to calculate future lifetime income. Roll-up rates apply only to the income base, not to your walk-away cash value.
- Lifetime withdrawal % — when income is turned on, the percentage of the income base paid each year for life. Higher at older activation ages.
Frequently asked questions
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Are these the highest MYGA rates available in Florida?
Why are FIA rates expressed as caps, participation rates, and roll-ups instead of a single percentage?
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Disclosure: Rates shown are illustrative and reflect competitive market levels from A or A+ rated carriers at the time of publication. Guarantees are subject to the claims-paying ability of the issuing insurer. Surrender charges apply to withdrawals above the contract's free-withdrawal allowance. This page is informational and not a solicitation; it does not replace a personalized quote.