Today's top 2-year MYGA rates
| Carrier | Product | AM Best | APY |
|---|---|---|---|
| Oceanview Life | Harbourview 2 | A- | 5.40% |
| Aspida Life | Synergy Choice 2 | A- | 5.30% |
| Sentinel Security | Personal Choice 2 | A- | 5.15% |
When to choose a 2-year MYGA
A 2-year term is the shortest practical MYGA. It's the right pick when (1) you expect interest rates to keep rising and want to re-shop soon, (2) you have a known cash need in roughly two years and want a guaranteed yield, or (3) you're using a MYGA ladder strategy with rungs across 2, 3, and 5 years.
2-year MYGA vs 2-year CD
Two-year MYGAs typically beat 2-year bank CDs by 30–60 basis points and grow tax-deferred rather than throwing off a 1099-INT each year. Read the full breakdown in our MYGA vs CD comparison.
For more yield with one more year of commitment, see 3-year MYGA rates or jump to the sweet spot at 5-year MYGA rates.
Frequently asked questions
- What is the best 2-year MYGA rate today?
- Today's top 2-year MYGA APY from an A-rated carrier is approximately 5.40%. Rates change weekly and depend on your state, age, and premium amount.
- Is a 2-year MYGA worth it?
- A 2-year MYGA is best when you expect rates to rise and want to re-shop at maturity, or when you have a known short-term cash need. It typically pays 30–60 basis points more than a comparable 2-year bank CD with the bonus of tax-deferred growth.
- Are 2-year MYGAs FDIC-insured?
- No. MYGAs are issued by insurance carriers, not banks, and are backed by the carrier's claims-paying ability plus state guaranty associations up to state-specific limits (commonly $250,000).
- What happens at the end of a 2-year MYGA?
- You can renew at the then-current rate, surrender for cash, annuitize for income, or 1035-exchange tax-free into a new contract — typically a longer-term MYGA at a higher rate.
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