The standout move this month is at the short end of the curve: 3-year MYGAs are now offering 6.00%, a term that's often overlooked in favor of longer guarantees but is worth a second look at this rate. Alongside that, both 5-year and 10-year MYGAs are holding at 6.25% — meaning you're no longer paying a meaningful rate premium to lock in twice as long.
This Month's Top Rates
| Term | Rate | Crediting Type |
|---|---|---|
| 3 Years | 6.00% | Compound |
| 5 Years | 6.25% | Compound |
| 10 Years | 6.25% | Compound |
Why the 3-Year Rate Is Worth Attention
A 6.00% rate on a 3-year term is a notably strong short-duration guarantee. Shorter-term MYGAs typically carry lower rates than longer ones, since carriers pay a premium for locking your money up longer — so when a 3-year term prices this close to what 5- and 10-year terms are offering, it changes the calculus for anyone who wants a strong guaranteed rate without committing capital for a decade.
5-Year and 10-Year: Same Rate, Different Commitment
With 5-year and 10-year MYGAs both sitting at 6.25% this month, the decision between them comes down less to rate and more to how long you're comfortable being locked in. All else equal, a shorter commitment at the same guaranteed rate carries less interest-rate risk over the life of the contract — you're not stuck at today's rate for a full decade if the environment shifts. That said, a 10-year lock removes any reinvestment risk entirely for that period, which has its own appeal depending on your goals.
For a refresher on where these rates have been over the past two months, see our August 2026 rate update and the full 2026 rate outlook. And remember — the rate on the page is only the headline; see what else actually determines a contract's value before comparing purely on the number.
The takeaway: With 3-year rates this close to 5- and 10-year rates, term length is worth rethinking this month — a shorter, more flexible commitment no longer means giving up much rate. As always, carrier repricing can happen quickly, so a rate you like today is worth locking in rather than waiting on.
Want to see exactly which carriers are offering these rates? Contact Devin for a free, no-pressure comparison. Licensed in multiple states. No commitment required.