The MYGA Power: Secure Growth with Guaranteed Rates

Looking for a safe, reliable way to grow your savings?
If you’re someone who shops for strong interest rates and wants more out of your idle cash, a MYGA (Multi-Year Guaranteed Annuity) might be exactly what you need.

What Is a MYGA?

A MYGA offers a guaranteed fixed interest rate for a set number of years—typically 3 to 5. It’s a powerful tool for those who want predictable growth, protection from market risk, and tax-deferred earnings—much like a traditional annuity, but simpler.

Why Consider a MYGA?

  • Principal Protection – Your money is shielded from market ups and downs

  • Tax Deferral – You won’t pay taxes until you withdraw

  • Flexible Access – Some contracts allow partial withdrawals without penalties

Things to Keep in Mind:

  • Surrender Charges – Fees may apply for withdrawals above the free limit during the term

  • Market Value Adjustment (MVA) – May affect your payout depending on rates and timing

  • Early Withdrawal Penalties – Taking funds out before age 59½ may result in IRS penalties

Now Is the Time

With interest rates at some of the highest levels in years, MYGAs are a timely and powerful option for safe, tax-deferred growth. Whether you're looking to protect your principal, avoid market risk, or secure a guaranteed rate, a MYGA can be a smart addition to your financial plan.

Download our MYGA guide for a quick and easy breakdown of how Multi-Year Guaranteed Annuities work and how they compare to traditional CDs. Simply complete the short form below.

Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax, and withdrawals prior to age 59½ may also be subject to an IRS penalty. Not FDIC/NCUA Insured and may lose value. Products and services may not be available in all states. Exclusive rights to this material belongs to GPS. Unauthorized use of the material is prohibited.