What is the best 3 year fixed annuity rate?

As of June 1, 2024, the best 3 year fixed annuity rate is 6.00%. The table below compares today’s best 3-year fixed annuity rates. You can view more of today’s highest annuity rates here. You’ll find Fixed Index Annuity Rates here if you’d like to look at them instead. How long until you plan to retire? In the next 5 Years?

What is a 3 year fixed annuity?

Three-year fixed annuities provide a guaranteed interest rate for 3 years. After the initial 3-year guarantee period you will have the option to either renew for another 3-year period at the new declared interest rate, withdraw your funds, convert your annuity to monthly income payments, or transfer to a new annuity using a tax-free 1035 exchange.

How long do fixed annuities last?

When you sign up, you pick how many years you want the fixed annuity to last, typically between three to 10 years. The insurance company then guarantees to pay you the annuity interest rate over this period. There are two other types of annuities to choose from: variable annuities and fixed index annuities.