Can I buy a fixed annuity online without a broker?

Yes. Annuital lets you compare and apply for fixed annuities directly online — no sales pressure. You can browse today's rates from Nassau, Oceanview, and F&G, get a free quote, and submit your application in minutes. Our licensed agents are available to answer questions if needed, but you are never required to speak with anyone to apply.

What are today's best fixed annuity rates?

Today's best fixed annuity (MYGA) rates reach up to 5.55% APY from A-rated carriers — more than 1% higher than the best 5-year CD rates currently available at banks. Rates vary by term (3, 5, or 7 years), premium amount, and state. Compare current live rates at Annuital.com.

How does a fixed annuity compare to a CD in 2026?

Fixed annuities (MYGAs) typically pay 1–1.5% more APY than the best CD rates in 2026 — up to 5.55% APY vs. ~4.20% for a 5-year CD. Unlike CDs, annuity interest grows tax-deferred, meaning you don't pay taxes until withdrawal. Both are principal-protected, but MYGAs offer compounding tax-deferred growth that CDs cannot match for retirement savings.

How long does it take to buy a fixed annuity from Annuital?

Most applicants can complete the online application in under 10 minutes. You'll need your Social Security number and bank or rollover account information. Funding via electronic bank transfer is typically the fastest option. Once approved, your annuity contract is issued and your guaranteed rate is locked.

Are there fees when buying through Annuital?

The rate you see is the rate you earn. Surrender charges may apply if you withdraw more than the allowed penalty-free amount during the surrender period.

How safe are fixed annuities?

Fixed annuities are backed by the financial strength of AM Best-rated insurance carriers and state guaranty associations (typically up to $250,000 per carrier per state). Your principal is 100% guaranteed and protected from market losses. All carriers on Annuital are rated B++ or better by AM Best.

Can I withdraw money from a fixed annuity?

Most fixed annuities allow penalty-free withdrawals of up to 10% of your account value per year. Withdrawals above that during the surrender period incur surrender charges. After the surrender period ends, you can access your full balance penalty-free. Withdrawals before age 59½ may be subject to a 10% IRS penalty on gains.

What is the minimum investment for a fixed annuity?

The minimum investment on Annuital starts at $10,000 for Nassau's MYAnnuity products and $20,000 for Oceanview and F&G products. There is no maximum investment limit. You can fund with a lump sum bank transfer, IRA rollover, or 401(k) transfer.

What states does Annuital serve?

Annuital is licensed to sell fixed annuities in Connecticut, Florida, Massachusetts, North Carolina, New Hampshire, Rhode Island, and Vermont. Services are not available to residents of California or New York.

What is defined outcome investing?

Defined outcome investing means you know your worst-case and best-case returns before you invest. Instead of exposing your savings to unknown market swings, a defined outcome product sets clear boundaries on your risk — your guaranteed rate, your floor, or your monthly income is established on day one. Fixed annuities (MYGAs), fixed indexed annuities (FIAs), and immediate annuities are all defined outcome products.

How does defined outcome investing work?

A defined outcome product defines your return range upfront. A multi-year guaranteed annuity (MYGA) locks in a guaranteed interest rate for a set term. A fixed indexed annuity (FIA) credits a portion of an index's gains with a 0% floor, so your balance never falls below your principal. An immediate annuity converts a lump sum into guaranteed lifetime income. In every case, the outcome is known before you commit.

Is defined outcome investing safe?

Defined outcome products issued by insurance carriers are 100% principal protected and backed by the financial strength of AM Best B++ or better rated insurers, with additional protection from state guaranty associations. They are not FDIC insured and are subject to surrender charges for early withdrawals, but your principal is protected from market losses.

What is the difference between defined outcome investing and a regular investment?

A regular stock or mutual fund investment has an unknown outcome — your return depends entirely on market performance and can be negative. A defined outcome product sets boundaries: your worst case (the floor) and best case (the cap or guaranteed rate) are defined before you invest, removing the guesswork and market anxiety from retirement savings.

Who is defined outcome investing for?

Defined outcome investing is ideal for retirees and pre-retirees in drawdown who can't afford a market crash, savers who want a higher guaranteed rate than a bank CD, and anyone who needs income that lasts as long as they do. Annuital offers three defined outcome strategies: LockIn (guaranteed rate MYGA), IndexedUp (fixed indexed annuity with a floor), and Paycheck (lifetime income annuity).

Annuity Education

What Is a MYGA? Multi-Year Guaranteed Annuity Explained

A MYGA is the simplest fixed annuity — a lump-sum deposit, a locked-in guaranteed rate, and tax-deferred growth. Here's everything you need to know.

What Is a Multi-Year Guaranteed Annuity (MYGA)?

A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity that guarantees a specific interest rate for a set period — usually 3, 5, or 7 years. You make a single lump-sum deposit (the premium), and the insurance company promises to grow your money at that locked-in rate for the entire term. Your principal is 100% protected, your earnings grow tax-deferred, and there are no market risks or annual fees.

Think of a MYGA as a CD alternative built for retirement savings. The key difference: MYGAs typically pay 0.5% to 1.5% more APY than bank CDs of the same term, and your interest compounds tax-deferred — meaning you don't pay taxes on earnings until you withdraw. That tax advantage can add thousands of dollars over a multi-year term.

Principal Protected

Your deposit is 100% guaranteed by the issuing carrier. Zero market risk.

Guaranteed Rate

Lock in up to 5.50% APY for 3, 5, or 7 years — higher than any CD.

Tax-Deferred Growth

No annual taxes on earnings. Your full balance compounds each year.

How a MYGA Works

1
You deposit a lump sum (minimum typically $10,000–$25,000) into the annuity contract.
2
The insurance carrier locks in a guaranteed interest rate for your chosen term (3, 5, or 7 years).
3
Your balance grows at that rate every year — tax-deferred, with no annual 1099.
4
You can withdraw up to 10% of your account value each year penalty-free.
5
At maturity, you withdraw, renew, or execute a 1035 exchange to a new annuity.

Pros of a MYGA

Highest guaranteed rates among fixed annuities (up to 5.50%+ APY)
Simple and transparent — no moving parts
Tax-deferred growth accelerates compounding
100% principal protection
No annual fees or management charges

Things to Consider

–Surrender charges on withdrawals above 10% before term ends
–Fixed rate doesn't capture market upside
–10% IRS penalty on gains withdrawn before age 59½
–Funds locked for the term (3–7 years)

Example

You deposit $100,000 in a 5-year MYGA at 5.30% APY. Your guaranteed balance grows to $129,424 by year 5 — entirely tax-deferred. That's $4,000–$8,000 more than an equivalent CD after accounting for annual tax drag.

MYGA vs CD: Which Pays More?

Feature	MYGA	Bank CD
Typical Rate (5-yr)	Up to 5.50% APY	~4.20% APY
Tax Treatment	Tax-deferred	Taxed annually
Principal Protection	100% (carrier-backed)	FDIC insured
Early Withdrawal	10%/yr free, then surrender charge	3–12 months interest penalty
Best For	Retirement savings	Short-term cash

See the full breakdown in our Annuity vs CD comparison.

Frequently Asked Questions

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Educational Disclaimer: This page is for informational purposes only and does not constitute financial, tax, or legal advice. All guarantees are backed by the issuing carrier. Not FDIC insured. Not available in CA or NY.