Best MYGA Rates in Florida – October 2026
Looking for competitive MYGA rates in Florida?
Multi-Year Guaranteed Annuities can provide a fixed interest rate for a set period,
which may appeal to retirees and conservative savers who want predictable growth
without direct exposure to stock market losses.
Mintco Financial helps Florida residents compare MYGA options from multiple insurance carriers,
including different guarantee periods, minimum premiums, financial-strength ratings,
withdrawal provisions and surrender schedules.
Want Help Comparing MYGA Rates in Florida?
Speak directly with Mintco Financial. We personally answer our calls — no call centers.
We serve Florida and clients nationwide.
October 2026 MYGA Rate Examples
Below are examples from current October 2026 MYGA rate information.
Rates may change without notice and may vary based on age, premium amount,
qualified or non-qualified funds, product design and Florida product availability.
| Term | Carrier | Product | Rate | AM Best | Minimum Premium |
|---|---|---|---|---|---|
| 2 Years | CL Life | CL Sundance 2 MVA | 5.15% | B++ | $20,000 |
| 3 Years | CL Life | CL Sundance 3 MVA | 5.75% | B++ | $10,000 QL / $20,000 NQ |
| 4 Years | Oxford Life | Multi-Select 4 MVA | 6.05% | A | $20,000 |
| 5 Years | Aspida | Synergy Choice 5 MVA | 6.10% | A- | $100,000 |
| 5 Years | Oxford Life | Multi-Select 5 MVA | 6.00% | A | $20,000 |
| 5 Years | Nationwide | Secure Growth 5 MVA | 6.00% | A+ | $100,000 |
| 6 Years | Oxford Life | Multi-Select 6 MVA | 6.35% | A | $20,000 |
| 7 Years | Oxford Life | Multi-Select 7 MVA | 6.20% | A | $20,000 |
| 10 Years | Oxford Life | Multi-Select 10 MVA | 6.35% | A | $20,000 |
Rates shown are examples from October 2026 rate information and are subject to change.
Florida availability, current rates and carrier approval should be confirmed before application.
What Is a MYGA?
A Multi-Year Guaranteed Annuity, or MYGA, is a fixed annuity
that guarantees an interest rate for a specified number of years.
Common guarantee periods include 3, 5, 7 and 10 years.
MYGAs can appeal to people who want predictable interest and who do not want
that portion of their retirement assets directly exposed to stock market volatility.
Why Florida Retirees Consider MYGAs
Florida has a large retiree population, and many residents want a portion of their savings
positioned conservatively. MYGAs can provide a fixed rate for a defined period
while allowing interest to accumulate tax deferred.
- Guaranteed interest rate for the selected term
- Protection from direct stock market losses
- Tax-deferred accumulation
- Multiple guarantee periods
- Potentially competitive fixed rates
MYGA Rates in Tampa, Orlando and Central Florida
Residents in Tampa, Lutz, Clearwater, St. Petersburg, Orlando, Lakeland
and surrounding Central Florida communities may want to compare MYGAs
as part of a conservative retirement strategy.
When comparing contracts, do not look only at the advertised interest rate.
Carrier financial strength, surrender schedules, minimum premiums,
free-withdrawal provisions and the guarantee period can all matter.
MYGA Rates in Sarasota, Naples and Southwest Florida
Retirees in Sarasota, Bradenton, Venice, Fort Myers, Naples and surrounding Southwest Florida
often look for conservative alternatives for a portion of their retirement savings.
A MYGA may provide predictable interest for a specified period.
MYGA Rates in South Florida
Mintco Financial also works with clients in Miami, Fort Lauderdale,
Boca Raton, Palm Beach and surrounding South Florida communities.
We can help compare available MYGA terms, carrier ratings and contract features.
3-Year vs. 5-Year vs. 7-Year MYGA
A shorter MYGA may provide more flexibility, while a longer guarantee period
can allow you to lock in a fixed rate for additional years.
The highest advertised rate is not automatically the best choice.
Consider when you may need access to the funds and how much liquidity the contract provides.
MYGA vs. CD in Florida
MYGAs and bank CDs can both offer fixed interest rates, but they are different products.
Bank CDs are generally FDIC insured within applicable limits.
MYGAs are insurance contracts and are not FDIC insured.
Their guarantees depend on the financial strength and claims-paying ability
of the issuing insurance company.
MYGA interest generally grows tax deferred until withdrawn,
while interest earned in a taxable bank CD is generally taxable as it is credited.
What Happens If You Need Your Money Early?
MYGAs generally include surrender periods.
If you withdraw more than the contract’s permitted free-withdrawal amount
during the surrender period, surrender charges may apply.
Some contracts may also include a Market Value Adjustment (MVA).
Liquidity needs should be considered before selecting a MYGA term.
MINTCO FINANCIAL
Compare MYGA Rates in Florida
Looking for a 3-, 5-, 7- or 10-year MYGA?
We can help you compare available carriers, rates and contract features.
We personally answer our calls.
No call centers.
Serving Florida and clients nationwide.
Disclosure: Rates and product availability are subject to change without notice.
MYGAs are insurance products, not bank deposits, and are not FDIC insured.
Guarantees depend on the claims-paying ability of the issuing insurance company.
Withdrawals before the end of the surrender period may be subject to surrender charges
and, where applicable, a market value adjustment.
Consult a licensed insurance professional to confirm current Florida availability,
rates and suitability before purchasing.