Annuities
MYGA rates vs. CD rates: a recent update
Rates move all the time, so here's a dated snapshot and a calculator you can use with the quotes in front of you. Recent update: November 9, 2026.
Recent update: 5-year rates
What $100,000 left alone for five years would grow to, before taxes, at rates available in early November 2026.
| Where the money sits | Rate (APY) | After 5 years |
|---|---|---|
| Average 5-year bank CD | 1.77% | about $109,200 |
| Best 5-year online CDs | about 5.00% | about $127,600 |
| 5-year MYGAs from A-rated insurers | about 5.75% to 6.30% | about $132,300 to $135,700 |
CD figures: Bankrate, week of November 2, 2026. MYGA range: rate sheets I received in October 2026 for contracts rated A- to A+. Rates vary by state, deposit size and contract features, and they change often. Ask me for today's rates in your state.
Compare your own quotes
Enter the amount, the term and the two rates you've been quoted. If a MYGA rate is quoted as simple interest, switch it below. Simple interest is paid only on your original deposit, so the same number grows to less.
| Value at the end of the term | Interest earned | |
|---|---|---|
| CD | – | – |
| MYGA | – | – |
| Difference | – | |
Before taxes. CD interest is usually taxed each year. MYGA interest bought with after-tax money is taxed when you withdraw it. This is a simple illustration, not a quote; contract terms, withdrawal options and surrender charges matter too.
What else to compare
The rate is only one line. Before choosing a MYGA, check whether the rate is guaranteed for the whole term, how long the surrender period runs, what you can withdraw each year without a charge, whether there's a market value adjustment, the minimum renewal rate, and the insurer's rating. My free annuity checklist covers the questions to ask, and the MYGA guide explains how they work.