South Carolina MYGA Rates
South Carolina MYGA Rates
Looking for competitive MYGA rates in South Carolina? At Mintco Financial, we help clients compare
Multi-Year Guaranteed Annuities (MYGAs) from highly rated insurance carriers so they can lock in a fixed rate for a set number of years.
What is a MYGA? A MYGA is a fixed annuity that offers a guaranteed interest rate for a specific term, such as 2, 3, 5, 7, or 10 years.
It can be a strong option for conservative savers who want principal protection, tax-deferred growth, and predictable returns without stock market risk.
Current MYGA Rate Examples for South Carolina
Below are examples of competitive MYGA rates currently available. Rates can change without notice, and availability may vary based on age, premium amount, state approval, and whether funds are qualified or non-qualified.
| Term | Carrier | Product | Current Rate | Minimum Premium |
|---|---|---|---|---|
| 2 Years | CL Life | CL Sundance 2 MVA | 5.15% | $20,000 NQ / $20,000+ |
| 3 Years | CL Life | CL Sundance 3 MVA | 5.75% | $10,000 QL / $20,000 NQ |
| 4 Years | Oxford Life | Multi-Select 4 MVA | 6.05% | $20,000 |
| 5 Years | Aspida | Synergy Choice 5 MVA | 6.10% | $100,000 |
| 6 Years | Oxford Life | Multi-Select 6 MVA | 6.35% | $20,000 |
| 7 Years | Aspida | Synergy Choice 7 MVA | 6.15% | $100,000 |
| 10 Years | Oxford Life | Multi-Select 10 MVA | 6.35% | $20,000 |
Rates shown are examples only and are subject to change. Some annuities may use different crediting methods or include features that affect overall yield and suitability. Availability in South Carolina should always be confirmed before application.
Why South Carolina Investors Consider MYGAs
- Guaranteed fixed interest rate for a selected term
- Protection from stock market losses
- Tax-deferred growth
- Flexible term options, often from 2 to 10 years
- Potentially higher rates than many traditional savings products
Important Things to Know Before Buying a MYGA
While MYGAs can be a strong fit for conservative money, they are not right for every investor. Most contracts have
surrender charges if you withdraw more than the free withdrawal amount during the surrender period.
MYGAs are also not FDIC insured; guarantees are backed by the claims-paying ability of the insurance company.
That’s why it helps to compare carriers, financial strength ratings, withdrawal provisions, and available terms before choosing a contract.
Want Help Comparing MYGA Rates?
We help clients in South Carolina and nationwide compare MYGA options from multiple carriers.
If you want help reviewing rates, terms, surrender periods, and suitability, we’d be happy to help.
We personally answer our calls — no call centers.
Serving clients nationwide.
Why Work With Mintco Financial?
At Mintco Financial, we work with clients who want conservative, income-focused and tax-efficient retirement solutions.
If you are comparing MYGA rates in South Carolina, we can help you understand the tradeoffs between rate, term, liquidity, and carrier quality so you can make a more informed decision.
Disclosure: MYGAs are insurance products and are not deposits, not insured by the FDIC or any federal government agency, not guaranteed by a bank, and may lose value if surrendered early due to surrender charges. Product guarantees are based on the claims-paying ability of the issuing insurance company.