Multi-Year Guaranteed Annuity (MYGA) with 5-year guaranteed rate
See how your investment grows at 5.45% guaranteed annual interest. All values shown assume no withdrawals.
| Year | Starting Value | Interest Earned | Ending Value |
|---|---|---|---|
| 1 | $100,000 | $5,450 | $105,450 |
| 2 | $105,450 | $5,747 | $111,197 |
| 3 | $111,197 | $6,060 | $117,257 |
| 4 | $117,257 | $6,391 | $123,648 |
| 5 | $123,648 | $6,739 | $130,387 |
Based on $100,000 initial investment. Actual values may vary slightly due to rounding. Interest compounds annually.
Withdrawal charges apply if you take out more than your 10% annual free withdrawal amount:
MYGAs offer tax-deferred growth, meaning you don't pay taxes on interest until you withdraw funds. This allows your money to compound faster compared to taxable accounts. Withdrawals are taxed as ordinary income. Early withdrawals before age 59½ may incur an additional 10% IRS penalty. Consult a tax advisor for your specific situation.