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 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).

Goal-Based Savings Planner

What Do I Need to Save?

Set a goal, see exactly what it takes to get there — then explore the tradeoffs in real time.

Your Goal

Target Amount

Interest Rate6%

Time Horizon10 yrs

Monthly Contribution$610

Auto-set to reach your goal

Target Amount

$100,000

Monthly Needed

$610

You'll Contribute

$73,225

Interest For You

$26,775

Growth Trajectory

Contributions Interest

Keep going 5 more years

$177,459

at the same $610/mo for 15 years

Keep going 10 more years

$281,940

at the same $610/mo for 20 years

Lock in a guaranteed rate

Fixed annuities offer guaranteed rates up to 5.55% APY — tax-deferred, principal protected.

See Today's Rates

How the savings goal math works

The calculator solves for the monthly contribution needed to reach a target balance, using the future value of an ordinary annuity formula:

Monthly = (Target × r) ÷ ((1 + r)^N − 1)

where r is the monthly interest rate (annual rate ÷ 12) and N is the total number of months. The chart stacks your contributions (teal) against the interest your money earns (amber), so you can see exactly how much of the final balance comes from each.

In debt mode, the calculator uses daily compounding — the method most credit card issuers apply — to compute the payoff timeline and total interest. The formula: monthly rate = (1 + APR ÷ 365)^30.4167 − 1, then months = −ln(1 − (monthly rate × balance) ÷ payment) ÷ ln(1 + monthly rate).

Common Questions

How much do I need to save per month to reach my goal?

The exact amount depends on three things: your target, your expected interest rate, and your time horizon. The formula is Monthly = (Target × monthly rate) ÷ ((1 + monthly rate)^N − 1), where N is the number of months. This calculator runs that formula live — move the sliders and the Monthly Needed card updates instantly.

How long will it take to save $100,000?

It depends on your monthly contribution and the rate you earn. At 6% APY contributing about $610 per month, you reach $100,000 in roughly 10 years. At a higher rate or a larger contribution, you get there faster — use the sliders to test your own numbers.

What interest rate should I use?

For a guaranteed rate, today's fixed annuities (MYGAs) pay up to around 5.5% APY. A high-yield savings account might pay 4–5%. The stock market has averaged roughly 7–10% historically, but that comes with risk and volatility. This calculator lets you model any rate so you can compare scenarios.

How does the debt payoff mode work?

Enter your current balance, your APR (the credit card default is 21.9%), and your monthly payment. The calculator uses daily compounding — the standard method credit card issuers use — to show how many months it takes to pay off the balance and how much interest you pay over that time. If your payment doesn't cover the monthly interest, the calculator warns you that the balance will never reach zero.

What is the Rule of 72?

The Rule of 72 is a quick mental-math shortcut: divide 72 by your annual interest rate to estimate how many years it takes for money to double. At 6%, money doubles in about 12 years. At 8%, about 9 years. The calculator marks the doubling point on your growth chart.

Should I save or pay off debt first?

As a general rule, pay off high-interest debt first. A credit card at 21.9% APR costs you far more than you'd earn on almost any savings or investment. Once the debt is gone, redirect that same monthly payment into savings and watch it compound in your favor instead of the card issuer's. This calculator lets you model both sides of that tradeoff.

This calculator is provided for educational purposes only and does not constitute financial advice. Actual annuity rates, investment returns, and loan terms vary. Consult a licensed professional for personalized guidance.