GUARANTEED RATE, GUARANTEED PEACE OF MIND
Fixed Annuities: Predictable Growth You Can Count On
Lock in a guaranteed interest rate for a set number of years — no market exposure, no surprises, just steady, contractually guaranteed growth.
3-10 yrs
Typical rate guarantee periods
0%
Risk of market loss to principal
100%
Tax-deferred growth until withdrawal
Daily
Interest compounding on most contracts
The simplest way to grow savings with certainty
A fixed annuity is a contract with an insurance company that pays a guaranteed interest rate for a specific period — often three, five, seven, or ten years. Once you fund the contract, your rate is locked in for the entire guarantee period, regardless of what happens in the stock market or with interest rates elsewhere.
Think of it as similar to a Certificate of Deposit, but issued by an insurance company instead of a bank, with the added benefit of tax-deferred growth. A Multi-Year Guaranteed Annuity (MYGA) is simply a fixed annuity built around one guaranteed rate for the full contract term — the most straightforward version of this product.
Your rate is locked. Your principal is guaranteed. There is no exposure to market downturns.
From deposit to guaranteed growth in four steps
Fund the Contract
Make a single lump-sum deposit, or in some cases a series of contributions, to open your annuity contract.
Lock In Your Rate
The insurer guarantees a fixed interest rate for your entire selected term — no matter what happens to rates elsewhere.
Grow Tax-Deferred
Interest compounds and accumulates without being taxed each year, so your balance grows faster than in a taxable account.
Access or Convert
At the end of the term, withdraw your funds, renew into a new rate, or convert your balance into a guaranteed lifetime income stream.
Built for certainty
Guaranteed Principal
Your original deposit is protected by the insurance company — it cannot decline due to market performance.
Predictable Returns
Know exactly what your balance will be at the end of your term — no guessing, no volatility to track.
Tax-Deferred Compounding
Earnings accumulate without annual tax drag, allowing your money to compound more efficiently over time.
No Management Needed
There's nothing to monitor or rebalance — the rate is fixed and the growth happens automatically.
What to understand before you buy
Surrender Period
Withdrawing more than your penalty-free allowance during the surrender period may trigger a charge — match your term length to money you won't need soon.
Rate Renewal
After your initial guarantee period ends, the renewal rate may differ — it's worth reviewing your options at each renewal date.
Early Withdrawal Taxes
Withdrawals before age 59½ may be subject to a 10% IRS penalty on earnings, in addition to ordinary income tax.
Who benefits most from a fixed annuity
Fixed annuities are ideal for conservative savers who want CD-like predictability with better long-term growth potential and tax deferral. If market swings keep you up at night, or you simply want a portion of your savings that is guaranteed no matter what happens elsewhere, a fixed annuity offers straightforward, dependable growth.
Ready to lock in a guaranteed rate?
We help you compare current fixed annuity rates from top-rated carriers so you get the strongest guarantee available.