A Good Annuity Rate Is More Than a Percentage

For fixed annuities and MYGAs, current benchmarks place competitive rates in the mid-5% range, though offers vary by state, deposit, insurer, and term.
Some leading offers reached the low-6% range, but a higher short-term rate is not automatically better than a slightly lower longer guarantee.
Comparisons get harder beyond fixed contracts because indexed annuities use caps, spreads, or participation rules, while immediate annuities are judged by income.
A headline rate alone is not enough; buyers also need to weigh insurer strength, surrender charges, withdrawal access, guarantee length, and overall retirement flexibility.
Comparison shopping can matter because similar contracts may offer different rates and rules, helping buyers match return, guarantees, and access needs to retirement goals.