Rates moved up this month. 3-year MYGAs are now at 6.10%, and 5-year MYGAs are at 6.40%, up from 6.00% and 6.25% in September. We're also highlighting two options in the middle of the curve that sit at the very top of the table: a 6-year at 6.35% and an 8-year at 6.45%. Those two are structured differently, and it's worth understanding why before you compare them to anything else.
This Month's Top Rates
| Term | Rate | Notes |
|---|---|---|
| 3 Years | 6.10% | Up from 6.00% in September |
| 5 Years | 6.40% | Up from 6.25% in September |
| 6 Years | 6.35% | Reduced-commission product |
| 8 Years | 6.45% | Reduced-commission product |
For where these sit against last month, see our September 2026 rate update.
Why the 6- and 8-Year Rates Are Higher
Both of these products are reduced-commission versions. When a carrier pays the advisor a lower commission on a contract, it has more to credit to you, and that difference is why these two rates land at the top of the table. We think you should know exactly how that works, and we're glad to walk you through how we're compensated on any product we show you.
What Else Makes These Two Stand Out
- A-rated carrier paper. Both are issued by A-rated insurance carriers. A guarantee is only as strong as the company behind it, so the carrier's financial strength matters as much as the rate. Our post on how to read an AM Best rating explains what the letters mean.
- Interest withdrawals start right away. You can begin withdrawing the interest the contract credits from the start, rather than waiting out a first-year lockup.
- Up to 10% accessible after the first year. After year one, you can withdraw up to 10% a year without a surrender charge. Our guide to how free withdrawals work explains what that means in practice and how it's taxed.
A higher rate, an A-rated carrier, and real access to your interest are the reasons we're calling these two out. If you want the interest as cash flow rather than letting it compound, the income view of our MYGA calculator shows what that looks like.
How to Read This Table
A higher number isn't automatically the better contract. Confirm how each product credits interest, since a simple-interest rate and a compound rate aren't directly comparable (see compound vs. simple interest MYGAs), and look at the surrender schedule, the withdrawal terms, and the carrier together. The rate is only the headline, and here's what else to check.
The takeaway: 3-year and 5-year rates both climbed this month, and the 6-year at 6.35% and 8-year at 6.45% are worth a close look: reduced-commission pricing, A-rated carriers, and meaningful access to your interest and up to 10% a year. Carriers reprice often, so if a term fits your plan, a real quote is worth more than waiting on next month's table.
Rates referenced are current as of October 1, 2026 and are subject to change without notice, including intraday and weekly repricing by carriers. Availability, minimum deposits, and rates vary by state and carrier. Carrier financial strength ratings are assigned by independent agencies and can change; verify the current rating before purchasing. Reduced-commission products pay the advisor less than standard versions. Withdrawals may be subject to ordinary income tax and, if taken before age 59½, an additional 10% IRS tax. This article is for educational purposes only and is not a solicitation for any specific product. Guarantees are backed by the claims-paying ability of the issuing insurance carrier.
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