Today's Top Annuities

3-Year MYGA

Best 3-year MYGA annuity rates.

A 3-year MYGA locks in a guaranteed interest rate for 36 months — short enough to stay flexible, long enough to outpace most CDs. Today's top 3-year MYGA APY from an A-rated carrier is approximately 5.50%.

Today's top 3-year MYGA rates

CarrierProductAM BestAPY
Aspida LifeSynergy Choice 3A-5.50%
Oceanview LifeHarbourview 3A-5.40%
American EquityGuaranteeShield 3A-5.20%

When a 3-year MYGA makes sense

  • You're holding cash earmarked for a known expense in 3+ years.
  • You want a guaranteed rate higher than a 3-year bank CD.
  • You expect to need flexibility before committing to a 5- or 10-year term.
  • You want tax-deferred growth (no 1099-INT each year).

3-year MYGA vs 3-year CD

A 3-year MYGA typically pays 50–125 basis points more than the best 3-year bank CD, plus interest compounds tax-deferred until withdrawal. The trade-off: MYGAs are not FDIC-insured (they're backed by the carrier and state guaranty associations) and most have a surrender schedule that limits early withdrawals beyond the 10% annual free amount.

Considering a longer term? Compare today's 5-year MYGA rates or browse all MYGA terms.

Frequently asked questions

What is the best 3-year MYGA rate today?
As of our most recent rate refresh, the top 3-year MYGA APY from an A-rated carrier is approximately 5.50%. Rates change weekly; request a quote for live pricing.
Is a 3-year MYGA worth it?
A 3-year MYGA is typically worth it when you (1) want a guaranteed rate higher than a 3-year CD, (2) don't need the principal during the term, and (3) prefer tax-deferred growth. It is less suitable if you expect to need the money within 3 years or if longer-term MYGA rates are meaningfully higher.
What happens at the end of a 3-year MYGA?
You can renew at the carrier's then-current rate, take the surrender value in cash, annuitize for income, or 1035-exchange tax-free into a new annuity. Most carriers provide a 30-day window after maturity to decide.
Can I withdraw money from a 3-year MYGA early?
Most 3-year MYGAs allow a 10% annual penalty-free withdrawal starting in year two. Withdrawals above that amount during the surrender period are subject to surrender charges and may also incur a 10% IRS penalty if you're under age 59½.

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