MYGA Rates in Florida for October 2026
Florida retirees and conservative savers who want predictable interest may be comparing
Multi-Year Guaranteed Annuities, or MYGAs, with CDs, bonds, and other fixed-income options.
Based on the October 2026 rate information used for this article, MYGA rates shown range from
5.15% to 6.35%, depending on the insurance company, guarantee period,
premium amount, age requirements, and product availability.
Important: MYGA Rates Can Change Quickly
The rates shown below are examples based on the most recent information provided for this article.
MYGA rates can change without notice, and the highest advertised rate may not always be the best fit for your needs.
Contact Mintco Financial to confirm the latest available rate and to compare which term, carrier, and product may best fit your retirement goals.
October 2026 MYGA Rates in Florida
The table below shows examples of available MYGA rates by carrier and guarantee period.
These rates should always be confirmed before an application is submitted.
| Carrier | 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 the carrier information supplied for late September and early October 2026.
Rates, premium requirements, age limits, surrender schedules, and product availability can change without notice.
An asterisk (*) reflects the notation contained in the supplied rate information.
What Is the Highest MYGA Rate Shown in Florida?
The highest rate in this October 2026 list is 6.35%,
shown for Oxford Life Multi-Select on both a 6-year and
10-year guarantee period.
That does not mean the 6.35% option is automatically the right choice for everyone.
A shorter term, a different carrier, or a product with different liquidity features
may be a better fit depending on your goals.
What Is the Highest 5-Year MYGA Rate Shown?
The highest 5-year rate in this list is 6.15%,
shown for Farmers Life Safeguard Plus.
Other 5-year rates in the supplied list include:
- 6.10% – Heartland National Secure Rate Pro
- 6.10%* – Axonic Waypoint
- 6.00% – Oxford Life Multi-Select
- 5.90%* – Sagicor Milestone Max
Why Florida Retirees Consider MYGAs
Florida has a large retiree population, and many households want part of their retirement savings
in an option that is not directly exposed to daily stock-market movements.
A MYGA may appeal to someone who wants:
- A fixed interest rate for a specified period
- Protection from direct stock-market losses
- Tax-deferred growth
- Multiple guarantee periods
- Potential use with qualified or non-qualified funds
- A possible alternative to CDs for part of a conservative allocation
MYGA vs. CD in Florida
MYGAs and CDs may both offer a fixed rate for a stated period, but they are different products.
A CD is a bank deposit and may qualify for FDIC insurance within applicable limits.
A MYGA is an insurance contract and is not FDIC insured.
Its guarantees are backed by the financial strength and claims-paying ability
of the issuing insurance company.
Another difference is taxation. Interest inside a non-qualified MYGA generally grows tax deferred
until money is withdrawn, while taxable CD interest is generally reportable as it is earned.
Should You Choose the Highest Rate?
Not necessarily.
The highest rate may come with a longer surrender period, higher minimum premium,
different withdrawal rules, or a carrier that may not be the best fit for your situation.
That is why we recommend comparing the full contract rather than choosing based on rate alone.
Contact Mintco Financial before making a decision so we can confirm the latest rate available
and help you compare which option best fits your needs.
What Should You Compare Before Buying a MYGA?
- Current interest rate
- Guarantee period
- Insurance company rating
- Minimum premium
- Surrender charge schedule
- Free-withdrawal provisions
- Maximum issue age
- Death-benefit provisions
- Qualified vs. non-qualified eligibility
- Any market value adjustment or other contract provisions
Can IRA Money Be Used for a MYGA?
Many MYGA products accept qualified retirement funds such as IRA money,
as well as non-qualified funds, subject to the insurance company’s requirements.
The products in the October 2026 list provided for this article are shown as accepting
both qualified and non-qualified funds.
What Is a MYGA Ladder?
A MYGA ladder spreads money across multiple contract terms rather than placing the entire amount
into one maturity date.
For example, someone might divide funds among 3-year, 5-year, and 7-year MYGAs.
That can create several future dates when portions of the money become available for review.
MYGA Help Throughout Florida
Mintco Financial can help individuals and families compare fixed annuity and MYGA options
throughout Florida, including Tampa, Orlando, Jacksonville, Sarasota, Naples, Fort Myers,
Ocala, Gainesville, St. Augustine, Palm Beach, and surrounding communities.
Because rates and product availability can change frequently,
contact us for the latest rate available and to compare which MYGA may best fit your needs.
Get the Latest MYGA Rate Available in Florida
MYGA rates can change quickly.
Contact Mintco Financial
to confirm the latest available rate and compare the term, carrier,
and product that may best fit your needs.
Talk directly with an experienced professional — no call center.
Frequently Asked Questions About MYGA Rates in Florida
What is the highest MYGA rate shown in Florida for 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.
Can Florida MYGA rates change after I read this article?
Yes. MYGA rates can change without notice. Contact Mintco Financial to confirm
the latest available rate before making a decision.
Is the highest MYGA rate always the best choice?
No. The best fit depends on factors such as term length, liquidity needs,
carrier strength, surrender charges, premium amount, and retirement goals.
Are MYGAs FDIC insured?
No. MYGAs are insurance contracts and are not FDIC insured.
Guarantees depend on the financial strength and claims-paying ability of the issuing insurer.
Can I use IRA money to buy a MYGA?
Many MYGAs accept qualified retirement assets such as IRA funds,
as well as non-qualified money, subject to carrier rules.
This information is provided for educational purposes only and is not individualized
investment, legal, or tax advice. Fixed annuities are insurance products,
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 availability can change without notice.
Contact Mintco Financial to confirm current availability and review the actual contract and disclosures
before making a purchase decision.