An annuity rate is the percentage by which an annuity grows each year. Annuity rates are determined by insurance companies. The annuity return rate depends on how much money is invested, how the interest is credited and the length of the contract. Insurance companies set annuity rates and may determine a guaranteed rate for a set period.
How are annuity rates determined?
Annuity rates — which are determined by the companies who sell the annuities — vary by product and provider. What Are Today’s Best Fixed Annuity Rates by Term or Rating? The table below compares multi-year guaranteed annuity products.
What are fixed annuity rates?
Fixed annuities provide investors with a guaranteed income stream and various customizable options. Fixed annuity rates (MYGA) provide stability with guaranteed returns over a set period. Economic conditions, insurer policies, and prevailing interest percentages significantly impact fixed annuity rates.
