Last updated: April 17, 2026Reviewed by John Ziesing, FRC

Multi Year Guaranteed Annuity in St. Petersburg

Fixed Rates · Better Than CDs · Tax-Deferred Growth

A Multi-Year Guaranteed Annuity (MYGA) is a fixed-rate insurance contract that functions analogously to a bank certificate of deposit. The carrier guarantees a fixed interest rate for a defined surrender period — typically 3, 5, or 7 years — with accumulation occurring on a tax-deferred basis and full insulation from equity market volatility.

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.

Multi year guaranteed annuity providing safe returns

Safe, Guaranteed Growth

MYGA contracts are well-suited to capital that does not require near-term liquidity but requires principal protection and competitive yield. Current MYGA rates remain at multi-decade highs and consistently exceed comparable-duration bank CD yields.

Why Choose a MYGA

Guaranteed fixed interest rate over a 3-, 5-, or 7-year term
Yields generally exceed comparable bank CD rates
Tax-deferred accumulation — no annual taxation on accrued interest
Principal contractually guaranteed by the issuing carrier
Comparative pricing across multiple A-rated carriers

Frequently Asked Questions

What is a multi year guaranteed annuity (MYGA)?

A Multi-Year Guaranteed Annuity is a fixed-rate insurance contract analogous to a bank certificate of deposit. The carrier guarantees a fixed interest rate for a defined surrender period — typically 3, 5, or 7 years — independent of equity market performance.

Are MYGA rates better than bank CDs?

MYGA contracts generally offer materially higher yields than comparable bank CDs and provide tax-deferred accumulation, meaning interest is not taxed until distributed. Current MYGA rates are at multi-decade highs.

What happens when my MYGA term ends?

At the end of the guaranteed surrender period, the contract may be renewed at then-current rates, exchanged into another annuity contract via a tax-free 1035 exchange, or fully surrendered without surrender charges. ACM evaluates the optimal disposition at maturity.

Is my money safe in a MYGA?

MYGA principal and interest are guaranteed by the financial strength of the issuing insurance carrier. Advanced Capital Management transacts only with A-rated carriers to ensure claims-paying capacity over the life of the contract.

Lock In Today's Top MYGA Rates

Schedule a complimentary 20-minute review to compare current MYGA contracts across A-rated carriers.

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