Best MYGA Rates in Florida for June 2026
Quick Answer: Some of the highest MYGA rates available in Florida for June 2026 range from approximately 5.00% to 6.15%, depending on the insurance company, guarantee period, product, age eligibility, and premium amount.
A MYGA, or Multi-Year Guaranteed Annuity, is a fixed annuity that offers a guaranteed interest rate for a specific number of years. For Florida retirees and conservative investors, MYGAs may be an attractive option for money that needs safety, predictability, and guaranteed growth.
What Is a MYGA?
A MYGA is similar to a bank CD in that it offers a guaranteed rate for a set period. However, MYGAs are issued by insurance companies, not banks. The guarantee is backed by the claims-paying ability of the issuing insurance company.
June 2026 Florida MYGA Rate Highlights
- 2-Year MYGA: Up to 5.00%
- 3-Year MYGA: Up to 5.80%
- 5-Year MYGA: Up to 6.10%
- 7-Year MYGA: Up to 6.10%
- 10-Year MYGA: Up to 6.15%
Top MYGA Rates by Guarantee Period
2-Year MYGA Rates
| Company | Product | A.M. Best | Rate | Minimum Premium |
|---|---|---|---|---|
| Axonic | Waypoint | A- | 5.00% | $100,000 |
3-Year MYGA Rates
| Company | Product | A.M. Best | Rate | Minimum Premium |
|---|---|---|---|---|
| Heartland National | Secure Rate Pro | B++ | 5.80% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 5.65% | $10,000 |
| Axonic | Waypoint | A- | 5.45% | $100,000 |
5-Year MYGA Rates
| Company | Product | A.M. Best | Rate | Minimum Premium |
|---|---|---|---|---|
| Heartland National | Secure Rate Pro | B++ | 6.10% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 6.00% | $10,000 |
| Heartland National | Secure Rate | B++ | 5.75% | $5,000 |
| Axonic | Waypoint | A- | 5.70% | $100,000 |
| Royal Neighbors | MYGA | A | 5.50% | $100,000 |
7-Year MYGA Rates
| Company | Product | A.M. Best | Rate | Minimum Premium |
|---|---|---|---|---|
| Heartland National | Secure Rate Pro | B++ | 6.10% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 5.95% | $10,000 |
| Heartland National | Secure Rate | B++ | 5.80% | $5,000 |
| Oxford Life | Multi-Select | A | 5.55% | $20,000 |
| Athene | Max Rate | A+ | 5.50% | $100,000 |
10-Year MYGA Rates
| Company | Product | A.M. Best | Rate | Minimum Premium |
|---|---|---|---|---|
| Heartland National | Secure Rate Pro | B++ | 6.15% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 6.05% | $10,000 |
| Heartland National | Secure Rate | B++ | 5.90% | $5,000 |
| Oceanview | Harbourview | A | 5.65% | $70,000 |
| Royal Neighbors | MYGA | A | 5.65% | $100,000 |
Who Should Consider a MYGA in Florida?
A MYGA may be appropriate for individuals who want:
- Guaranteed interest rates
- Protection from market losses
- Predictable retirement income planning
- Tax-deferred growth
- An alternative to CDs or bonds
- A conservative place for retirement savings
MYGA vs CD: What Is the Difference?
Bank CDs are issued by banks and may be FDIC insured within applicable limits. MYGAs are issued by insurance companies and are backed by the financial strength and claims-paying ability of the issuing insurer.
MYGAs may offer higher guaranteed rates than some CDs, but they also have surrender charges and liquidity restrictions that should be reviewed before purchase.
Important Questions Before Buying a MYGA
- How long can you leave the money untouched?
- What is the surrender charge period?
- What free withdrawal options are available?
- What is the insurance company’s financial strength rating?
- Is the money qualified or non-qualified?
- How does the MYGA fit into your retirement income plan?
Frequently Asked Questions
What is the best MYGA rate in Florida for June 2026?
Based on the rate information provided, some of the highest listed Florida MYGA rates for June 2026 are approximately 6.10% to 6.15%, depending on the guarantee period and carrier.
Are MYGA rates guaranteed?
Yes, MYGA rates are generally guaranteed for the selected guarantee period, subject to the terms of the contract and the claims-paying ability of the issuing insurance company.
Can I use IRA money to buy a MYGA?
Yes, many MYGAs accept qualified funds such as IRA money, as well as non-qualified funds, depending on the product.
Are MYGAs good for retirees?
MYGAs may be useful for retirees who want predictable growth, principal protection from market losses, and tax-deferred accumulation. They are not appropriate for everyone.
Compare MYGA Rates in Florida
Looking for guaranteed fixed annuity rates? Mintco Financial can help you compare MYGA options and determine whether a fixed annuity fits your retirement strategy.
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Florida June 2026
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Important Disclosure:
MYGA rates are subject to change without notice and may vary by state, carrier, product, age, premium amount, tax qualification, and suitability requirements. Guarantees are backed by the claims-paying ability and financial strength of the issuing insurance company. A.M. Best ratings are subject to change and do not guarantee future performance or claims-paying ability.
Multi-Year Guaranteed Annuities may include surrender charges, liquidity limitations, tax consequences, and withdrawal restrictions. Early withdrawals may be subject to ordinary income taxes and, if taken before age 59½, may be subject to a 10% federal tax penalty. This information is for educational purposes only and should not be considered investment, tax, legal, insurance, or financial advice.
Mintco Financial does not provide tax or legal advice. Please consult appropriate professionals before purchasing any annuity or making financial planning decisions.