Best MYGA Rates in Kentucky – August 2026
Compare competitive Multi-Year Guaranteed Annuity rates available to Kentucky residents.
Lock in a guaranteed rate without direct stock market exposure.
If you live in Louisville, Lexington, Bowling Green, Owensboro,
Northern Kentucky or anywhere in the Commonwealth of Kentucky,
a Multi-Year Guaranteed Annuity may be worth considering for a portion
of your retirement savings.
A MYGA, or Multi-Year Guaranteed Annuity, is a fixed annuity
that provides a contractual interest rate for a specific number of years.
Unlike money invested directly in the stock market, the guaranteed rate does
not fluctuate with daily market movements.
August 2026 MYGA Rates in Kentucky
Below are examples of competitive MYGA rates currently reported as available
in Kentucky. Rates can change without notice and availability may depend on
age, premium amount, funding type and insurance company requirements.
Important: Simple Interest vs. Compound Interest
Some of the highest advertised MYGA rates use simple interest.
A simple-interest rate should not be compared directly with a compound annual
yield without reviewing the actual contract values. Always compare the amount
you will receive at the end of the guarantee period, not just the headline rate.
| Company | Term | Example Rate | Withdrawal | AM Best |
|---|---|---|---|---|
| Knighthead Life – Staysail | 3 Years | 6.10%* | 0% | A- |
| Revol One Financial – DirectGrowth | 3 Years | 5.85% | 0% | B++ |
| Oceanview – Harbourview | 4 Years | 5.60% | 10% | A |
| Knighthead Life – Staysail | 5 Years | 6.80%* | 0% | A- |
| American Gulf – Anchor MYGA | 6 Years | 6.00% | 0% | B++ |
| Knighthead Life – Staysail | 7 Years | 7.20%* | 0% | A- |
*Rate shown uses simple interest. Effective compound yield is lower.
Rates are examples reported August 18, 2026 and are subject to change.
Want Today’s Kentucky MYGA Rates?
Rates can move quickly. Compare several annuity companies, guarantee
periods and withdrawal provisions before locking in your money.
What Is a MYGA?
A Multi-Year Guaranteed Annuity is a fixed annuity issued by an insurance
company. You select a guarantee period, such as three, five or seven years,
and the insurer guarantees the contractual interest-crediting method during
that period.
MYGAs may appeal to Kentucky savers who want:
- A predictable contractual interest rate
- No direct exposure to daily stock market losses
- Tax-deferred accumulation
- A defined guarantee period
- An alternative to keeping all retirement savings in CDs or cash
Why Kentucky Retirees Are Looking at MYGAs
Kentucky’s individual income tax rate for 2026 is 3.5%.
Tax treatment can differ depending on whether an annuity is purchased
with qualified retirement funds or after-tax money.
For Kentucky retirees comparing CDs, money-market accounts and fixed
annuities, taxes are only one part of the decision. Liquidity, surrender
charges, financial strength and the amount of time you can comfortably
leave the money invested are also important.
Always consult a qualified tax professional regarding your personal
Kentucky and federal tax situation.
Which MYGA Term Is Best?
3-Year MYGA
A shorter guarantee period may appeal to someone who wants to
reconsider available interest rates sooner.
5-Year MYGA
Five-year MYGAs are popular with savers who want to balance a
competitive guaranteed rate with a medium-term commitment.
7-Year MYGA
A longer guarantee may make sense for money you are comfortable
leaving in an annuity for a longer period.
Example: $100,000 at 6.80% Simple Interest for 5 Years
using a 6.80% simple-interest example, assuming no withdrawals.
MYGA vs. Bank CD
A MYGA and a bank certificate of deposit can both provide predictable
interest, but they are not the same type of financial product.
Bank CDs may qualify for FDIC insurance within applicable
limits. MYGAs are insurance contracts and are not FDIC insured.
Their guarantees depend on the claims-paying ability of the issuing
insurance company.
With a non-qualified annuity, interest generally accumulates
tax-deferred until funds are withdrawn. CDs held outside
retirement accounts generally do not receive the same tax deferral.
Don’t Choose an Annuity Based Only on the Rate
A 7.20% headline rate may immediately get your attention, but the
highest rate is not automatically the best MYGA for your situation.
Before choosing an annuity, compare:
- Simple interest versus compound interest
- The actual value at the end of the guarantee period
- The insurance company’s financial-strength rating
- Annual free-withdrawal provisions
- Surrender charges
- Market value adjustment provisions, if applicable
- Minimum premium requirements
- Death-benefit provisions
- Required minimum distribution provisions
- Renewal options when the guarantee period ends
Can You Use IRA or 401(k) Money for a MYGA?
Depending on the insurance company and contract, MYGAs may be available
for qualified retirement funds such as IRA assets as well as
non-qualified savings.
Retirement-account transfers and rollovers must be handled correctly
to avoid unintended tax consequences. If you already own an annuity,
a properly structured Section 1035 exchange may also be available in
certain circumstances.
Speak with your tax professional before completing a rollover,
transfer or annuity exchange.
MYGA Rates in Louisville, Lexington and Across Kentucky
Mintco Financial can help Kentucky residents compare fixed annuity
options from multiple insurance companies rather than looking at only
one carrier.
Whether you live in Louisville, Lexington, Bowling Green,
Owensboro, Covington, Florence, Elizabethtown or another Kentucky
community, the goal is the same: compare the rate,
insurance company, liquidity and guarantee period before making
a long-term decision.
Compare MYGA Rates in Kentucky
Want to know which Kentucky MYGA rates are available today?
Compare insurance companies, rates and terms before you lock in your money.
Important Disclosure:
Rates shown are examples of Kentucky-available MYGA rates reported on
August 18, 2026 and are subject to change without notice. Some rates shown
use simple interest; the effective compound yield is lower than the stated
simple-interest rate. Rates and product availability may vary by carrier,
age, premium amount, funding type and contract. Guarantees depend on the
claims-paying ability of the issuing insurance company. Annuities are
insurance products, are not bank deposits and are not FDIC insured.
Withdrawals may be subject to surrender charges, market value adjustments,
income taxes and other contract provisions. Withdrawals before age 59½ may
also be subject to an additional federal tax penalty. This material is
provided for general educational purposes and is not individualized tax,
legal or investment advice.
Rate source checked August 18, 2026:
My Annuity Store Kentucky rate table / AnnuityRateWatch.
Kentucky tax information: Kentucky Department of Revenue.
Always verify current carrier rates and product availability before purchase.