Guaranteed rates
Want today's best guaranteed rates? Ask me.
Multi-year guaranteed annuity (MYGA) rates change often, sometimes weekly. Tell me how much you're thinking about and for how long, and I'll send you the best guaranteed options I can offer right now, side by side with your bank's CD.
How to compare guaranteed rates the honest way
- Look at the yield over the whole term. Some products advertise a high first-year rate that drops after year one. The average you're guaranteed over the full term is the fair way to compare.
- Simple vs. compound interest. Simple-interest products don't earn interest on interest, so their real yield is lower than the rate they advertise.
- Check the minimum. The best rates often require $100,000 or more. Smaller amounts usually get a slightly lower rate.
- Know the surrender schedule and any market value adjustment (MVA). If you take out more than the free amount early, you could pay a surrender charge, and an MVA can move the payout up or down with interest rates.
- It's not a bank CD. A MYGA is an insurance contract, not FDIC insured. Its guarantee is backed by the insurance company, which is why I check every company's financial strength ratings before I show it to you.
What I'll send you
For the amount and term you have in mind, I'll show you the top guaranteed options I can offer: the guaranteed yield over the whole term, the surrender schedule, the free withdrawal amount and the company's ratings. If your bank's CD is the better deal, I'll tell you that too.
Want to see how a MYGA and a CD compare after taxes? Try my CD vs. MYGA comparison.
Got a CD coming due?
Send me the amount and when it matures. I'll get back to you with today's best guaranteed options, in plain English.