MYGA Rates in Pennsylvania for October 2026
MYGA Rates in Pennsylvania for October 2026
Pennsylvania residents looking for predictable interest and protection from direct stock-market fluctuations
may want to compare Multi-Year Guaranteed Annuities (MYGAs).
Based on the October 2026 rate information used for this page, MYGA rates shown range from
5.15% to 6.35%. The rate available to an individual can depend on the insurance company,
guarantee period, deposit amount, age, account type, and product eligibility.
Current Pennsylvania MYGA Rate Snapshot
The highest rate in the October 2026 list below is 6.35%.
The list also includes several 5-year, 7-year, and 10-year choices at or above 6%.
Rates can change without notice. Contact Mintco Financial to get the
latest rate available and to compare which carrier, guarantee period,
and contract features may best fit your needs.
October 2026 MYGA Rate Comparison for Pennsylvania
Here are examples from the rate information provided for October 2026.
Before purchasing an annuity, the current rate and Pennsylvania product availability should be confirmed.
| Insurance Company | Product | Rating | Term | Rate | Minimum Premium |
|---|---|---|---|---|---|
| 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 |
Rates shown are based on carrier information supplied for late September and early October 2026.
Rates and product availability may change without notice. Minimum premiums, issue ages,
surrender provisions and eligibility requirements vary by contract.
An asterisk (*) reflects the notation contained in the original rate information supplied.
What MYGA Rate Is Shown as the Highest in Pennsylvania?
In this October 2026 comparison, the highest rate shown is 6.35%
for Oxford Life Multi-Select with a 6-year or 10-year guarantee period.
Choosing a MYGA based solely on the highest rate, however, can overlook other important factors.
The length of the commitment, access to funds, financial strength of the insurer,
and surrender provisions can be just as important.
What Are the 5-Year MYGA Rates?
Five-year MYGAs are popular with consumers who want to lock in a competitive rate
without committing to a 7- or 10-year contract.
The October 2026 list provided includes:
- 6.15% – Farmers Life Safeguard Plus
- 6.10% – Heartland National Secure Rate Pro
- 6.10%* – Axonic Waypoint
- 6.00% – Oxford Life Multi-Select
- 5.90%* – Sagicor Milestone Max
How Does a MYGA Work?
A MYGA is a type of fixed annuity issued by an insurance company.
The insurer guarantees a specified interest rate for a defined number of years,
subject to the provisions of the contract.
For example, a 5-year MYGA typically guarantees its stated rate during the five-year guarantee period.
Unlike a stock or mutual fund, the credited interest rate does not rise and fall with daily stock-market movements.
Why Might Pennsylvania Retirees Consider a MYGA?
Many people entering retirement want a portion of their savings to be predictable.
A MYGA may be considered when the objective is to earn guaranteed interest without direct exposure
to daily stock-market fluctuations.
Potential features include:
- A stated guaranteed interest rate
- A defined contract period
- Tax-deferred interest accumulation
- No direct stock-market exposure
- Several term lengths to choose from
- Availability for certain qualified and non-qualified funds
MYGA or Bank CD?
MYGAs and CDs are sometimes compared because each can provide a fixed interest rate for a specific period.
They are not the same product.
A CD is issued by a bank and may qualify for FDIC insurance within applicable limits.
A MYGA is issued by an insurance company and is not FDIC insured.
Its guarantees are dependent on the financial strength and claims-paying ability of the issuing insurer.
There can also be differences in taxation, liquidity, early-withdrawal provisions and maturity options.
Those differences should be considered before deciding between the two.
Can I Use IRA Funds for a MYGA?
Many MYGA contracts can accept qualified retirement money, including certain IRA funds,
in addition to non-qualified funds.
The October 2026 products supplied for this comparison are listed as accepting
both qualified and non-qualified funds, subject to carrier requirements.
Is the Highest Interest Rate Automatically the Best MYGA?
No. A higher rate does not automatically mean the contract is the most appropriate choice.
Someone expecting to need access to money in four years, for example,
may not want to place those funds into a 10-year contract simply because the headline rate is higher.
Important considerations include the rate, carrier rating, surrender period,
free-withdrawal provisions, minimum deposit, age requirements and intended use of the money.
Contact Mintco Financial to confirm the latest rates currently available
and compare which MYGA may best fit your individual needs.
What Is a MYGA Ladder?
A MYGA ladder involves dividing money among contracts with different maturity periods.
Instead of locking an entire amount into one term, funds might be spread between
3-year, 5-year and 7-year MYGAs.
This approach can provide multiple future dates when portions of the money can be reviewed
based on interest rates and financial needs at that time.
Comparing MYGAs Throughout Pennsylvania
Mintco Financial can help consumers compare MYGAs and fixed annuities throughout Pennsylvania,
including Philadelphia, Pittsburgh, Erie, Allentown, Scranton, Harrisburg,
Lancaster, Reading, Bethlehem and surrounding communities.
Rates can change frequently, so a rate table should be considered a starting point rather than a final quote.
Contact us to obtain the latest rate available and discuss which term and product may best fit your needs.
Check Today’s MYGA Rates in Pennsylvania
The rate you see today may not be the rate available tomorrow.
Contact Mintco Financial
for the latest available MYGA rates and help comparing which option may best fit your needs.
Speak directly with an experienced professional — no call center.
Frequently Asked Questions About Pennsylvania MYGA Rates
What is the highest MYGA rate shown for Pennsylvania 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 5-year MYGA rate shown?
The highest 5-year rate shown in the supplied list is 6.15%
for Farmers Life Safeguard Plus.
Can MYGA rates change?
Yes. Insurance companies can change MYGA rates.
Consumers should confirm the current rate before submitting an application.
Should I choose whichever MYGA pays the highest rate?
Not necessarily. Contract length, liquidity, surrender charges,
carrier financial strength and individual financial needs should also be considered.
Are MYGAs FDIC insured?
No. MYGAs are insurance products, not bank deposits,
and are not insured by the FDIC.
Can an IRA be transferred into a MYGA?
Many MYGAs can accept qualified retirement assets such as IRA funds,
subject to carrier rules and applicable tax requirements.
This material is for educational purposes only and is not individualized investment,
tax or legal advice. Fixed annuities are insurance products and are not bank deposits or FDIC insured.
Guarantees depend on the financial strength and claims-paying ability of the issuing insurance company.
Rates, terms and availability may change without notice.
Contact Mintco Financial for current availability and review the actual contract and disclosures before purchasing.