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.

What is a multi-year guaranteed annuity (MYGA)?

A MYGA (multi-year guaranteed annuity) is a fixed annuity that locks in a guaranteed interest rate for a set term — typically 3, 5, or 7 years. Your principal is 100% protected, the rate never changes during your term, and all growth is tax-deferred. It works like a CD but with higher rates and better tax treatment 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 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).

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Interest Earned

October 2026 Rate Report

Top Fixed Annuity Rates in Ohio — October 2026

The highest guaranteed rates available to Ohio residents this month, broken down by term length.

3-Year MYGA

5.20%

Short term

Ohio 5-Year Annuity Rate Trend

Trending up

Top 5-year MYGA rate in Ohio over the last 6 months. Current month reflects live rates; prior months are estimated from market trends.

Month	May 26	Jun 26	Jul 26	Aug 26	Sep 26	Oct 26
Top 5-Yr APY	5.60%	5.64%	5.68%	5.72%	5.76%	5.80%Latest

Historical rates shown are estimated based on market trends. Actual past rates may have varied. Current month reflects live carrier rates for Ohio.

Guaranty Protection in Ohio

The Ohio Guaranty Association protects annuity owners up to $300,000 per person if an insurance carrier becomes insolvent. Combined with our A-rated carriers' own financial strength, your retirement savings are well protected.

Why Ohio Retirees Choose Annuities

With 11.8 million residents and average retirement savings of $155,000, many Ohio residents are looking for safe, guaranteed alternatives to volatile markets. Fixed annuities offer principal protection and guaranteed rates that beat most CDs.

Better Than CDs & Money Market Funds for Ohio Residents

Ohio savers earning 1–4% in bank CDs, money market funds (MMF), Treasury bills, or high-yield savings accounts are missing out on higher guaranteed rates — with an important tax advantage.

Best Rate

Fixed Annuity

Up to 5.85%

Guaranteed + tax-deferred

5-Year CD (national avg)

~4.50%

Taxed annually as income

Money Market Fund

~4.80%

Variable rate, taxed annually

High-Yield Savings

~1.00–4.50%

Rate can drop anytime

The Hidden Tax Advantage Over CDs

When you earn interest in a bank CD, money market fund, or savings account, that interest is taxed as ordinary income every year — even if you don't withdraw it. This reduces the money available to compound next year.

With a fixed annuity, your earnings grow completely tax-deferred until you withdraw. The full balance compounds year after year. On a $100,000 investment over 10 years, this difference can add $8,000–$15,000 to your balance compared to an equivalent-rate CD.

See our full Annuity vs CD vs Money Market comparison →

Frequently Asked Questions — Fixed Annuities in Ohio

How are annuities taxed in Ohio?

Ohio taxes annuity income as ordinary income. However, the tax-deferred growth during the accumulation phase means you compound your earnings without annual tax drag — a significant advantage over CDs for retirement savings.

Can Ohio residents purchase annuities from Annuital?

Yes! Annuital is licensed to sell fixed annuities in Ohio. Browse current rates and apply online, or contact our licensed agents at 508-770-0222.

What is the minimum investment for a fixed annuity in Ohio?

Most fixed annuities available in Ohio require a minimum premium of $10,000–$25,000. Some products are available with as little as $10,000. Larger premiums (e.g., $100,000+) often qualify for higher guaranteed rates.

How long does it take to purchase a fixed annuity in Ohio?

The application process typically takes 1–2 weeks from submission to policy issuance. Our licensed agents can help you complete the paperwork via phone, email, or mail. You'll receive your policy contract directly from the insurance carrier.

Can I use my IRA or 401(k) to fund a Ohio annuity?

Yes! Many residents use IRA or 401(k) rollovers to fund fixed annuities, maintaining tax-deferred status. TSP rollovers from federal employee accounts are also common. We can guide you through a tax-free direct rollover.

Browse Other States We Serve

Ready to Get Started in Ohio?

Licensed agents available Mon–Fri, 9am–5pm ET. Regulated by the Ohio Department of Insurance.

508-770-0222 sbia@sbia.com

Disclaimer: Rates shown are current as of today and subject to change without notice. All annuities issued by licensed insurance companies; guarantees backed by carrier financial strength. Not available in CA or NY. Products and availability vary by state. Not FDIC insured.