Guaranteed rates
What MYGA rates are paying right now
A MYGA locks an interest rate for a set number of years. It behaves much like a CD, except the tax is deferred and the rate is usually higher. Rates move weekly and differ by carrier, so I will send you today’s numbers.
Monica Kim
17년 경력 · Annuity & Long-Term Care Specialist
- How is this different from a CD?
- A CD is backed by a bank, a MYGA by an insurance carrier. The MYGA defers tax and usually pays more, but its protection comes from the state guaranty association rather than the FDIC.
- Is there a minimum?
- It varies by carrier, but most start somewhere between $10,000 and $25,000.
- What happens at the end of the term?
- You can withdraw, renew at the new rate, or move it elsewhere. I get in touch before the term ends so we can compare all three.
One question is enough to start
A consultation does not oblige you to buy anything. Putting your situation in order is my job.
- 1
Call or email
Leave just a name and a number, and I will call you back.
- 2
We talk it through
Not a product pitch. I start with where you stand and what you want to know. Office visit or phone, whichever is easier.
- 3
You decide in your own time
I show you the carriers side by side. Talking it over with your family first is never too late.
