Annuity Rates
Compare current MYGA yields, FIA caps, and SPIA payouts by product type. See what moves each metric and how Local Life Agents shops carriers.
“Rates change with the interest-rate environment—compare MYGA, indexed, and SPIA payouts before you commit.”
What are current annuity rates? There is no single chart that ranks a five-year MYGA, an FIA cap, and a SPIA paycheck. Each metric answers a different question, and the leader changes with term, premium band, and state filing.
Local Life Agents illustrates the same premium, state, and payout election across 30+ A-rated carriers before clients fund a contract. Two carriers can share a product label and still quote meaningfully different economics on the same day.
Rates by product
Current rate guides for MYGA, fixed indexed, and SPIA payouts.
The card grid above routes you to the table pages: MYGA yields by term, FIA caps by surrender period, and SPIA monthly income by period certain. For product context, start at the annuities hub.
How annuity rates differ by product type
Start with product type, then compare carriers inside that lane. Mixing a locked MYGA yield with an FIA cap is how people pick the wrong contract.
- MYGAs quote a guaranteed crediting rate for a stated period — shopping is straightforward once term, premium, and state are fixed.
- Fixed indexed annuities quote index strategy parameters — caps, participation rates, spreads, and floors — not a single yield.
- SPIAs quote monthly or annual income per premium dollar for a specific age, gender, and payout form.
Use the MYGA rates, FIA rates, and SPIA rates pages for this month's tables. Product mechanics live on the annuity types hub.
What moves annuity rates today
Annuity rates move with bond yields, carrier hedging costs, and how aggressively an issuer wants deposits this filing cycle. Treat any screenshot as stale until it is tied to your state, premium, and illustration date.
- Treasury and corporate yields flow through to new MYGA and fixed declared-rate filings.
- Carrier competition creates spreads between otherwise similar MYGAs on the same term.
- FIA caps tighten or widen as option costs change — even when headline bond yields look stable.
- SPIA payouts rise with age at purchase and fall when you add period-certain or joint-life guarantees.
When to request fresh illustrations
Product type narrows the field; carrier illustrations settle the decision. Surrender schedules, free withdrawal percentages, renewal behavior on declared rates, and SPIA payout forms change outcomes as much as the headline rate or cap.
At Local Life Agents we prepare side-by-side comparisons on identical assumptions before you sign. That work matters most on FIAs, where a benefit-base rider is easy to misread as cash value.
Before you commit
Annuity rates are not one number. A MYGA yield, an FIA cap, and a SPIA monthly check measure different contracts. The higher figure on the wrong product is not the better rate.
Before we pull rates, we lock three things:
- Which rate you are shopping. A locked MYGA yield, a declared fixed rate, an index cap, or income per premium dollar.
- The term. A two-year MYGA and a ten-year MYGA can show the same yield and still be different decisions.
- Identical assumptions. Same premium, state, age, and payout form. A rate from a different case is not a comparison.
Tell us the product and the term. We pull that rate across carriers, not a blended board of unlike numbers.
Conclusion
Annuity rate shopping starts with matching product type and time horizon, then comparing illustrations on the same premium and payout assumptions. A captive agent shows one company's filing. We run the MYGA, FIA, or SPIA design across the carriers we can illustrate in your state so you see the spread before you move money.
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