Best MYGAs of 2026
Multi-year guaranteed annuities offer the simplest deal in retirement planning: a locked-in rate for a set number of years, with tax-deferred growth. Here are the carriers and products that consistently deliver the best combination of rates, financial strength, and contract terms.
The short version
As of early 2026, the most competitive 5- and 7-year MYGA rates are coming from Axonic, Revol One, ANICO (Palladium MYGA), and Athene MaxRate — typically in the 5%–6%range. Rates move weekly, so the “best” MYGA today might not be the best next month. What doesn't change is carrier financial strength and contract terms — those are what we actually evaluate.
What does your money actually do in a MYGA?
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Top MYGA Products Compared
| Carrier / Product | AM Best | Terms | Typical Rate | Min | Free WD |
|---|---|---|---|---|---|
Axonic Axonic MYGA | A- | 3, 5, 7 yr | 5% – 6% | $10,000 | 10% annually |
Revol One Revol One MYGA | B++ | 3, 5, 7 yr | 5% – 6% | $10,000 | 10% annually |
ANICO Palladium MYGA | A | 3, 5, 7, 10 yr | 5% – 6% | $10,000 | 10% annually |
Athene Athene MaxRate | A+ | 3, 5, 7, 10 yr | 5% – 6% | $10,000 | 10% annually |
Typical rate ranges as of early 2026 for 5- and 7-year terms with $100K+ deposits. Actual rates move weekly and vary by term length and deposit size. Use our MYGA vs CD comparison tool or talk to an advisor for today's exact rates.
Notable MYGA Products
Axonic
Axonic MYGA
Rate leader. The Axonic-branded MYGA is issued by AmFirst Insurance Company (A- AM Best). Frequently sits at or near the top of the rate table on 5- and 7-year terms.
Revol One
Revol One MYGA
Newer carrier (B++ AM Best, formerly known as Pavonia Life of Michigan — not to be confused with Sentinel Security Life, which is a separate carrier). Consistently competing for the highest published rates. The lower public rating reflects newer-carrier status rather than weak finances — included when the structure and capitalization warrant it.
ANICO
Palladium MYGA
American National Insurance — long-tenured Texas carrier with conservative underwriting. The Palladium MYGA is their flagship fixed-rate annuity. Strong A rating with solid rate competitiveness across all term lengths.
Athene
Athene MaxRate
Apollo-backed, one of the largest annuity carriers in the country. A+ Superior rating from AM Best. Consistently top-tier rates across all terms with strong financial backing and clean contract language.
What to Look for in a MYGA
Don't just chase the highest rate. Here are the six factors that actually determine whether a MYGA is right for you.
Guaranteed Rate
The annual interest rate locked in for the full surrender period. Higher is better — but only if the carrier behind it is strong.
AM Best Rating
The financial strength rating of the carrier backing your annuity. A- or better is the most common signal — but well-capitalized newer carriers with strong reinsurance can also be safe. Look at the full picture, not just the headline rating.
Surrender Period
How long your money is locked up. Shorter terms (3 years) give flexibility; longer terms (7–10 years) typically pay higher rates.
Free Withdrawal
Most MYGAs let you take 10% per year without penalty. Some offer more. This is your liquidity safety valve.
Minimum Premium
The least you can deposit. Most start at $10,000–$25,000. Higher minimums sometimes unlock bonus rates.
Tax Qualification
MYGAs work in both qualified (IRA/401k rollover) and non-qualified (after-tax) accounts. Non-qualified gets tax deferral — a real advantage over CDs.
MYGA vs CD: The 60-second version
Both guarantee a fixed rate. The difference: MYGAs grow tax-deferred (you don't pay taxes on interest until you withdraw), typically offer higher rates, and are backed by insurance carriers instead of banks. CDs offer FDIC insurance and shorter terms. For money you won't need for 3+ years, MYGAs usually win on after-tax return.
Run the MYGA vs CD comparisonWant the full breakdown? Read our comprehensive guide: What Is a MYGA? Everything You Need to Know →
Rates change weekly. Talk to someone who can pull live quotes for your situation.