MYGAs: Earn with Certainty

A way to lock in a high interest rate for years.

Annuities are a common way for clients to save for retirement with tax advantages.

One type of annuity that’s very popular with clients today is the multi-year guaranteed annuity (MYGA), which lets them lock in a guaranteed interest rate for a certain length of time, for example, five years.

This may be advantageous for your clients when interest rates are high or when they have no immediate need to access their savings.