Fixed Annuity Calculator

See how much a fixed annuity (MYGA) grows at a guaranteed rate — and how it compares to a bank CD.

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The yearly rate the insurance company locks in for the whole term. See today’s California rates.

The guarantee period. Taking money out early usually means a surrender charge.
Compare to a bank CD
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Use the rate your bank is offering you. Set to 0 to hide the comparison.

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CD interest is taxed every year; annuity interest isn’t taxed until you take it out. This shows what each is worth after taxes.

Value at the end of 5 years

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Interest you earn

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More than the CD (before tax)

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Account value, year by year

Your depositInterest earnedBank CD value
Year-by-year table
YearInterest that yearAnnuity valueCD value

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For education only — not a quote, offer, or illustration of any specific annuity. Assumes interest compounds once a year, no withdrawals, and no fees. Fixed annuity growth is tax-deferred; CD interest is usually taxed each year; the after-tax comparison uses the tax rate you enter and assumes you cash out at the end. Rates and guarantees depend on the issuing insurance company’s claims-paying ability. Kevin Edwards, Integrity Now Insurance Brokers, CA License #0D42517.

Free fixed annuity calculator by Fixed Annuity Expert

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