See exactly how a Multi-Year Guaranteed Annuity grows your money — year by year, with annual compounding. Compare against a taxable CD if you want to, and download a branded copy of your results.
Enter your deposit amount, interest rate, and term. Choose Calculate Growth to see compounding results, or Calculate Income to see what harvesting the guaranteed interest as annual income would look like instead.
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See the top MYGA rates available in your state right now — or reach out for a personalized comparison.
A Multi-Year Guaranteed Annuity (MYGA) is a fixed annuity issued by an insurance company. You deposit a lump sum, lock in a guaranteed interest rate for a set term — typically 2 to 10 years — and your money compounds annually at that rate until maturity.
Unlike a bank CD, your interest grows tax-deferred — meaning you don't pay taxes on the growth each year. Every dollar that would have gone to taxes stays in your account, compounding. Over a 5 or 10-year term, that difference adds up to real money.
A MYGA has no direct market exposure, so market performance does not reduce your account value. If the contract is held to the end of the term, you receive your deposit plus all accumulated interest; withdrawals above the free-withdrawal amount may be subject to surrender charges or a market value adjustment.