Understanding Current Annuity Rates
Annuity rates vary by product type, term length, and insurance carrier. The two most common types for retirement savers are Multi-Year Guaranteed Annuities (MYGAs) — which work like CDs with a fixed rate — and Fixed Indexed Annuities (FIAs) — which offer market-linked growth potential with a floor of 0%.
Rates shown below are representative of current market offerings from A-rated carriers. Actual rates may vary. Contact us for the most current, carrier-specific rates available in Ohio, West Virginia, and Kentucky.
MYGA / Fixed Annuity Rates
Multi-Year Guaranteed Annuities — Fixed interest rate, 100% principal guarantee
| Carrier Rating | Product | Rate | Term | Min. Premium | AM Best |
|---|---|---|---|---|---|
| Carrier A | 3-Year MYGA | 5.20% | 3 Years | $10,000 | A |
| Carrier B | 5-Year MYGA | 5.45% | 5 Years | $10,000 | A+ |
| Carrier C | 7-Year MYGA | 5.30% | 7 Years | $25,000 | A |
| Carrier D | 10-Year MYGA | 5.15% | 10 Years | $10,000 | A- |
Fixed Indexed Annuity Rates
Market-linked growth potential with a 0% floor — you never lose principal to market downturns
| Carrier Rating | Product | Annual Cap | Floor | Term | Min. Premium | AM Best |
|---|---|---|---|---|---|---|
| Carrier E | 5-Year FIA | Up to 8.5% | 0% | 5 Years | $10,000 | A+ |
| Carrier F | 7-Year FIA | Up to 9.0% | 0% | 7 Years | $20,000 | A |
| Carrier G | 10-Year FIA | Up to 10.5% | 0% | 10 Years | $25,000 | A |
Rates shown are illustrative and subject to change. Carrier names are anonymized. Contact us for current, carrier-specific rates and product details available in your state.
Types of Annuity Rates Explained
Multi-Year Guaranteed Annuity (MYGA)
A MYGA is the annuity equivalent of a CD. You lock in a fixed interest rate for a set number of years — typically 3, 5, or 7 years. Your principal is 100% guaranteed, and interest grows tax-deferred.
Best for: CD buyers, conservative savers, those who want predictable, guaranteed growth.
Fixed Indexed Annuity (FIA)
An FIA credits interest based on the performance of a market index (like the S&P 500), but with a floor of 0% — meaning you never lose principal due to market downturns. Growth potential is higher than a MYGA.
Best for: Those who want market-linked growth potential with principal protection.
Income Annuity (SPIA / DIA)
An income annuity converts a lump sum into a guaranteed stream of income — either immediately (SPIA) or starting at a future date (DIA). Income can be guaranteed for life.
Best for: Retirees who want a guaranteed paycheck they cannot outlive.
Who Should Consider an Annuity?
Annuities are not right for everyone, but they are an excellent fit for conservative savers and retirees who want to protect their principal, earn competitive interest, or create guaranteed lifetime income.
- Adults 50+ approaching or in retirement
- CD buyers seeking better rates
- IRA or 401(k) rollover prospects
- Anyone worried about market volatility
- Those who want guaranteed lifetime income
- Savers who want tax-deferred growth
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Rates change frequently. Contact us today for the most current rates from top-rated carriers available in Ohio, West Virginia, and Kentucky.