MYGA Rates in North Carolina for October 2026
MYGA Rates in North Carolina for October 2026 North Carolina consumers looking for guaranteed interest rates have several Multi-Year Guaranteed Annuity (MYGA) options to consider in October 2026.
Based on the rate information shown below, available MYGA rates range from
5.15% to 6.35%, depending on the insurance company, contract length,
premium amount and eligibility requirements.
Quick Answer: What Are MYGA Rates in North Carolina Right Now?
For October 2026, the rate information provided shows North Carolina MYGA options
as high as 6.35%. Examples include Oxford Life Multi-Select at
6.35% for 6 years and 6.35% for 10 years.
Five-year options in the list reach 6.15%.
Rates and availability can change without notice.
October 2026 North Carolina MYGA Rate Comparison
Below are examples of fixed MYGA rates for different guarantee periods.
The rates shown are based on the carrier rate information provided for this article
and should be confirmed before an application is submitted.
| Insurance Company | Product | Rating | Term | Rate | Minimum |
|---|---|---|---|---|---|
| Oceanview | Harbourview | A | 2 Years | 5.15%* | $70,000 |
| Heartland National | Secure Rate Pro | B++ | 3 Years | 5.80% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 3 Years | 5.80% | $10,000 |
| Oxford Life | Multi-Select | A | 3 Years | 5.70% | $20,000 |
| Athene | Max Rate | A+ | 3 Years | 5.65%* | $100,000 |
| Axonic | Waypoint | A- | 3 Years | 5.65%* | $100,000 |
| Farmers Life | Safeguard Plus | B++ | 5 Years | 6.15% | $10,000 |
| Heartland National | Secure Rate Pro | B++ | 5 Years | 6.10% | $5,000 |
| Axonic | Waypoint | A- | 5 Years | 6.10%* | $100,000 |
| Oxford Life | Multi-Select | A | 5 Years | 6.00% | $20,000 |
| Sagicor | Milestone Max | A | 5 Years | 5.90%* | $75,000 |
| Oxford Life | Multi-Select | A | 6 Years | 6.35% | $20,000 |
| Oxford Life | Multi-Select | A | 7 Years | 6.20% | $20,000 |
| Heartland National | Secure Rate Pro | B++ | 7 Years | 6.10% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 7 Years | 6.05% | $10,000 |
| Sagicor | Milestone MAX | A | 7 Years | 6.00%* | $75,000 |
| Athene | Max Rate | A+ | 7 Years | 5.95%* | $100,000 |
| Oxford Life | Multi-Select | A | 10 Years | 6.35% | $20,000 |
| Heartland National | Secure Rate Pro | B++ | 10 Years | 6.15% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 10 Years | 6.15% | $10,000 |
| Oceanview | Harbourview | A | 10 Years | 5.95%* | $70,000 |
| Reliance Standard | Reliance Guarantee | A++ | 10 Years | 5.90% | $20,000 |
Rate information is based on the carrier data provided for October 2026.
Rates, product availability, premium bands, age limits and contract provisions
can change without notice. An asterisk (*) reflects the notation contained
in the supplied rate information.
Which North Carolina MYGA Has the Highest Rate in October 2026?
Based on this rate list, 6.35% is the highest quoted MYGA rate.
Oxford Life Multi-Select shows a 6.35% rate for both its
6-year and 10-year options.
That does not necessarily mean either contract is the right choice for every person.
A longer guarantee period can mean keeping funds committed for a longer time,
and surrender charges may apply if withdrawals exceed what the contract permits.
What Is the Best 5-Year MYGA Rate in North Carolina?
Among the 5-year options listed for October 2026,
Farmers Life Safeguard Plus is shown at 6.15%.
Heartland National Secure Rate Pro and Axonic Waypoint are each shown at
6.10%, while Oxford Life Multi-Select is shown at
6.00%.
When comparing 5-year MYGAs, look beyond the headline rate.
Minimum deposits, carrier ratings, liquidity provisions, surrender schedules
and age eligibility can differ substantially.
What Exactly Is a MYGA?
A Multi-Year Guaranteed Annuity is a fixed annuity issued by an
insurance company. You deposit a lump sum, and the insurance company guarantees
a stated interest rate for a specific number of years, subject to the terms
of the contract.
For example, a 5-year MYGA generally guarantees its stated rate for five years.
At the end of the guarantee period, the contract may offer renewal,
withdrawal or other options depending on the insurer.
Why Are North Carolina Retirees Looking at MYGAs?
Many people approaching retirement want part of their savings positioned
away from daily stock-market fluctuations.
MYGAs may appeal to consumers who want:
- A known interest rate for a defined period
- No direct exposure to stock-market losses
- Tax-deferred interest accumulation
- Multiple guarantee periods to choose from
- An alternative to leaving large balances in cash
- The ability to use qualified or non-qualified funds, subject to carrier rules
MYGA vs. CD: What’s the Difference?
A MYGA and a bank CD can both offer fixed interest for a predetermined period,
but they are not the same type of product.
A CD is a bank product and may qualify for FDIC insurance within applicable limits.
A MYGA is an insurance contract and is not FDIC insured.
Its guarantees depend on the financial strength and claims-paying ability
of the issuing insurance company.
Another difference is taxation.
Interest earned inside a non-qualified MYGA generally grows tax deferred
until it is withdrawn, while interest from a standard taxable CD is generally
reportable as it is earned.
Does a Higher MYGA Rate Always Mean a Better Annuity?
No. Rate is important, but it is only one part of the decision.
Before selecting a MYGA, compare:
- Insurance company financial strength
- Guaranteed rate
- Length of the guarantee period
- Surrender charge schedule
- Free-withdrawal provisions
- Minimum premium
- Maximum issue age
- Death-benefit provisions
- Renewal terms
- Any applicable market value adjustment
Can You Use IRA Money to Buy a MYGA?
Many MYGA products can accept qualified retirement funds such as IRA money,
as well as non-qualified funds.
The October 2026 rate information supplied for the products above lists
both qualified and non-qualified eligibility.
Moving retirement money can have tax and distribution consequences,
so consumers should understand the transaction before completing a rollover
or transfer.
What Is a MYGA Ladder?
A MYGA ladder divides money among contracts with different maturity dates
instead of putting the entire amount into one guarantee period.
For example, someone with $300,000 might place portions into different
3-year, 5-year and 7-year contracts.
This can create multiple future maturity dates and allow the consumer
to reassess rates and liquidity needs over time.
Who May Want to Compare MYGAs in North Carolina?
MYGAs may be worth reviewing for North Carolina residents who are nearing
retirement, already retired, concerned about market volatility,
or looking for guaranteed interest on a portion of their savings.
Mintco Financial can help consumers compare MYGA options from multiple
insurance companies rather than relying on a single carrier.
MYGA Rates Across North Carolina
We can help consumers compare fixed annuity and MYGA options throughout
North Carolina, including Raleigh, Charlotte, Pinehurst, Southern Pines,
Greensboro, Winston-Salem, Asheville, Wilmington, Cary, Chapel Hill,
Durham and surrounding communities.
Compare North Carolina MYGA Rates
Want to compare rates, guarantee periods and insurance companies?
Mintco Financial can help you review
the choices available for your retirement goals.
Talk directly with an experienced professional — no call center.
Frequently Asked Questions About MYGA Rates in North Carolina
What is the highest MYGA rate shown for North Carolina in October 2026?
The highest rate in the supplied October 2026 list is 6.35%,
shown for Oxford Life Multi-Select 6-year and 10-year terms.
What is the highest 3-year MYGA rate shown?
The highest 3-year rate in the list is 5.80%, shown for
Heartland National Secure Rate Pro and Farmers Life Safeguard Plus.
What is the highest 5-year MYGA rate shown?
The highest 5-year rate in the supplied list is 6.15%,
shown for Farmers Life Safeguard Plus.
Are MYGA rates guaranteed?
The stated MYGA interest rate is generally guaranteed for the selected
contract period, subject to the terms of the insurance contract.
Are MYGAs FDIC insured?
No. MYGAs are insurance contracts, not bank deposits.
Their guarantees depend on the financial strength and claims-paying ability
of the issuing insurer.
Can North Carolina residents purchase a MYGA with IRA money?
Many MYGA contracts accept qualified retirement funds, including certain IRA
assets, as well as non-qualified money, subject to the insurance company’s rules.
This information is intended for educational purposes and is not individualized
investment, legal or tax advice. Fixed annuities are insurance products.
They are not bank deposits and are not FDIC insured. Guarantees are backed
by the financial strength and claims-paying ability of the issuing insurance company.
Rates and product availability can change without notice.
Review the actual contract, disclosures, surrender charges, withdrawal provisions
and carrier information before making a purchase decision.