Today’s Top Fixed Annuity (MYGA) Rates — Guaranteed for 3–7 Years
FOR COLORADO SAVERS COMPARING CD RATES. A multi-year guaranteed annuity (MYGA) locks one rate for the full term — no repricing, no market risk to your principal, and no taxes on the growth until you take it out. See today’s best rates before your CD renews at less.
Rates change frequently — sometimes daily. Enter your info below and we’ll send you where the Colorado MYGA market stands by term — updated weekly — and keep you posted when rates move. Your exact carrier-by-carrier quotes come on a quick call, personalized to your amount and situation. No obligation.
How it works
1. See where the market stands — we send you current rate ranges by term, drawn from the A-rated carriers we work with as an independent agency.
2. Book a 15-minute call — we confirm the annuity fits your situation (it isn’t right for everyone), answer questions, and you pick your term.
3. Apply online — the application is pre-filled from your answers; you e-sign from home. Most contracts are issued within days.
CD vs. MYGA — the honest comparison
| Bank CD | MYGA (fixed annuity) | |
|---|---|---|
| Your principal | FDIC-insured up to limits | Guaranteed by the issuing insurance company’s claims-paying ability — not FDIC insured |
| Rate | Often reprices lower at renewal | One rate locked for the full 3–7 year term |
| Taxes on interest | Taxed every year, even if you don’t touch it | Tax-deferred until withdrawn; interest compounds untaxed |
| Early access | Early-withdrawal penalty | Typically 10%/yr free withdrawal; surrender charges above that |
| Best for | Money you may need soon | Money you can commit for the full term |
Illustration: $100,000 at a hypothetical 5.50% for 5 years grows to about $130,696 tax-deferred; the same rate taxed annually at a 24% bracket grows to about $122,742. Hypothetical only — not a quote or a promise of any particular rate. Taxes are due when you withdraw annuity interest, and withdrawals before 59½ may face a 10% IRS penalty.
Who this is for — and who it isn’t for
A MYGA tends to fit if: you’re 55+, you have money in CDs, savings, or a maturing annuity that you won’t need for 3–7 years, you want a guaranteed rate instead of market exposure, and you already keep a separate emergency fund.
It’s probably not for you if: this is money you may need next year, it’s most of your liquid savings, or you’re under 59½ and would need withdrawals before then. We’ll tell you if that’s the case — putting the wrong money in an annuity helps no one.
Who you’ll be working with
Ray Stein has advised Colorado families on retirement decisions for nearly 20 years. He is the co-author of Smiling Through Retirement and has been featured on NBC, ABC, CBS and FOX network affiliates, and in Kiplinger, MarketWatch, and the Denver Business Journal. New Light Services LLC is an independent insurance agency in Englewood and Broomfield, Colorado — we shop multiple carriers, we don’t work for one.
Get today’s rate list
Common questions
What exactly is a MYGA?
A multi-year guaranteed annuity — an insurance contract. You deposit a lump sum, the insurer credits a fixed rate for a set term, and at the end you can renew, move it, or take the money.
Is it FDIC insured?
No. Guarantees rest on the financial strength and claims-paying ability of the issuing insurer, which is why we show carrier ratings and favor highly rated companies.
Can I get money out early?
Most contracts allow around 10% per year free; beyond that, surrender charges apply on a declining schedule. We’ll show you the exact schedule before you apply.
What happens when the term ends?
A short window to choose: renew at the then-current rate, exchange to another annuity tax-free (1035), or withdraw. We calendar it and call you — you’re never auto-trapped.
How are taxes handled?
Interest is tax-deferred. You pay ordinary income tax on gains when withdrawn; before age 59½ a 10% IRS penalty can apply to gains. IRA money keeps its IRA tax treatment.
What does the call cost?
Nothing, and there’s no obligation. If a MYGA doesn’t fit, we’ll say so. We’re paid a commission by the insurance company if you buy; it doesn’t come out of your deposit or your rate.
New Light Services LLC is a licensed independent insurance agency. Ray Stein, licensed insurance producer, CO license #[NUMBER]. Annuities are insurance products; they are not bank deposits, are not FDIC insured, and are not guaranteed by any bank or government agency. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities may be subject to fees, surrender charges, and holding periods, which vary by insurer. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% federal tax penalty. This page provides general information, not individualized advice; any recommendation will be made only by a licensed producer after a review of your individual situation. An insurance agent may contact you. New Light Services LLC is affiliated with New Light Financial LLC, a Colorado state-registered investment adviser; insurance products are offered only through New Light Services LLC, and producers earn commissions on insurance sales.