Best MYGA Rates in Tennessee – October 2026
Looking for competitive MYGA rates in Tennessee?
Multi-Year Guaranteed Annuities can provide a fixed interest rate for a specific period,
making them attractive to retirees and conservative savers who want predictable growth
without direct exposure to stock market losses.
At Mintco Financial, we help Tennessee residents compare MYGA options from multiple insurance carriers,
including different guarantee periods, minimum premiums, financial-strength ratings and withdrawal provisions.
Want Help Comparing Tennessee MYGA Rates?
Speak directly with Mintco Financial. We personally answer our calls — no call centers.
We serve clients in Tennessee and nationwide.
October 2026 MYGA Rate Examples
The following are examples from current October 2026 MYGA rate data.
Rates can change without notice and may vary based on premium amount, age, product,
qualified or non-qualified funds and state approval.
| Term | Carrier | Product | Rate | AM Best | Minimum Premium |
|---|---|---|---|---|---|
| 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 | Aspida | Synergy Choice 7 MVA | 6.15% | A- | $100,000 |
| 10 Years | Oxford Life | Multi-Select 10 MVA | 6.35% | A | $20,000 |
Rates shown are examples based on October 2026 rate information and are subject to change.
Product availability and state approval should be confirmed before application.
What Is a MYGA?
A Multi-Year Guaranteed Annuity, or MYGA, is a type of fixed annuity that guarantees
an interest rate for a specific number of years.
For example, a 5-year MYGA may guarantee the same interest rate for all five years.
This can make planning easier because you know the credited rate in advance,
subject to the terms of the annuity contract.
Why Tennessee Retirees Consider MYGAs
- Guaranteed interest rate for the selected contract period
- Principal protection from direct stock market losses
- Tax-deferred growth until withdrawals are taken
- Multiple guarantee periods, including 3-, 5-, 7- and 10-year options
- Potentially competitive rates compared with traditional fixed-income alternatives
MYGA Rates in Nashville, Tennessee
Residents of Nashville and Middle Tennessee looking for guaranteed fixed-rate retirement options
may want to compare MYGAs by more than just the advertised interest rate.
Important factors can include the carrier’s financial-strength rating, minimum deposit,
surrender period, free-withdrawal provision, age limits and whether the contract uses a
market value adjustment.
Mintco Financial can help Nashville-area residents compare available MYGA options
and determine which contract features may fit their retirement goals.
3-Year vs. 5-Year vs. 7-Year MYGA
The highest advertised rate is not always the best choice.
Choosing a MYGA term depends on how long you are comfortable committing the money
and when you may need access to those funds.
A shorter 3-year term may provide more flexibility, while a 5- or 7-year MYGA may offer
a stronger rate or allow you to lock in today’s rate environment for a longer period.
Are MYGA Annuities FDIC Insured?
No. MYGAs are insurance products and are not FDIC insured.
Guarantees depend on the financial strength and claims-paying ability of the issuing insurance company.
This is one reason we believe investors should compare carrier ratings and contract provisions,
not simply choose the highest advertised rate.
What Happens If You Need Your Money Early?
MYGAs generally have surrender periods. If you withdraw more than the contract’s permitted
free-withdrawal amount before the surrender period ends, surrender charges may apply.
Some contracts also include a market value adjustment.
Before purchasing a MYGA, make sure you understand how much liquidity you may need
during the guarantee period.
MINTCO FINANCIAL
Compare MYGA Rates in Tennessee
Have questions about 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. No automated sales line.
Serving Tennessee 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 are based 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 Tennessee availability, rates and suitability before purchasing.