What Is a MYGA?
Multi-Year Guaranteed Annuity Guide · Updated 2026
A Multi-Year Guaranteed Annuity (MYGA) is one of the simplest and safest ways to grow your retirement savings. Think of it like a CD from a bank — but with higher rates and tax-deferred growth. Here's everything you need to know.
MYGA Stats — 2026
- Top 5-yr MYGA rate, Apr 2026
-
5.85%
Top 5-yr MYGA rate, Apr 2026
- Top 7-yr MYGA rate, Apr 2026
-
6.00%
Top 7-yr MYGA rate, Apr 2026
- MYGA growth treatment
-
Tax-Deferred
MYGA growth treatment
- A-rated carriers ACM shops
-
12+
A-rated carriers ACM shops
Sources: LIMRA Q1 2026, AnnuityAdvantage rate survey, ACM internal data.
How a MYGA Works
You deposit a lump sum with an insurance company. They guarantee a fixed interest rate for a set number of years — usually 3, 5, 7, or 10. Your money grows every year at that guaranteed rate. You don't pay taxes on the growth until you take the money out.
At the end of the term, you can take your money, roll it into another annuity, or convert it into lifetime income. It's that simple.
MYGA vs. CD: Quick Comparison
| Feature | MYGA | CD |
|---|---|---|
| Tax Treatment | Tax-deferred | Taxed annually |
| Typical Rates (2026) | 5.0%–6.5% | 4.0%–5.25% |
| Insurance | State guaranty fund | FDIC ($250k) |
| Terms | 3–10 years | 3 months–5 years |
| Lifetime Income Option | Yes | No |
Who We Recommend MYGAs For
- Retirees who want guaranteed, predictable growth
- Pre-retirees parking savings they won't need for 3-10 years
- Anyone tired of CD rates and wanting tax-deferred growth
- Folks rolling over a 401(k) or IRA who want safety
- Not ideal if you need access to all your money within 1-2 years
How ACM Helps You Find the Best MYGA
We're independent — we don't work for any one insurance company. That means we shop dozens of A-rated carriers to find the highest guaranteed rate for your situation. Whether you're in St. Pete, Largo, Seminole, or anywhere in Pinellas County, we can set up a MYGA for you in a single meeting.
Book Your Free Review
Frequently Asked Questions About MYGAs
What does MYGA stand for?
How is a MYGA different from a CD?
Are MYGAs safe?
What are current MYGA rates in 2026?
Can I withdraw money from a MYGA early?
Who should consider a MYGA?
Related Pages
Ready to model your own MYGA numbers?
Use our CD vs. Annuity Calculator to compare today's top MYGA rates against your bank's CD — then book a free 20-minute review and we'll lock in the best rate from an A-rated carrier.