High Yield Savings
Current Rates
as of November 7, 2024
**Minimum $100,000 investment**
**Great Alternative to Bank CDs**
5.00% guaranteed for 3 years
5.30% guaranteed for 5 years
5.20% guaranteed for 7 years
Call or text (478) 302-0255
Guaranteed Fixed Rates
Tax-deferred Interest
Great Alternative to CDs
This High Yield Annuity is Best For:
Age 50+
Minimum $100,000 Investment
IRA or Non-retirement Accounts
FAQs
Is my account balance protected?
Yes! Your account, including principal and interest, are guaranteed by the insurance company issuing the multi-year guaranteed annuity. Insurance companies are highly regulated and we only recommend companies with A.M. Best ratings of A- or better!
Will my rate go down?
No! Your interest rate is guaranteed not to decrease during the term you select. The most popular MYGA terms are 3, 5, and 7 years.
Are there any income tax benefits?
Yes! You’re only taxed on the interest you make when the funds are withdrawn. This is different from a bank CD where you’re taxed annually on interest that has accrued even if you didn’t take any withdrawals.
What is a MYGA?
A MYGA is a multi-year guaranteed annuity. These investment products are similar to a CD but are issued by insurance companies. You get a guaranteed interest rate for the full term of the investment. And you typically can withdraw a portion of the investment each year without any early withdrawal penalty.
Are there eligibility requirements?
We will request information from you to ensure this investment product is suitable for you. This information will also be reviewed by the issuing insurance company. Anyone 18 years or older can apply, but this is considered a retirement account by the IRS so there are tax penalties if you withdraw interest prior to age 59 1/2. We also require a minimum investment of $100,000 to receive the highest rate available.
How can I learn more?
Call or text (478) 302-0255
Why Choose MYGAs over CDs?
Better Rates
MYGAs historically have paid much better rates than bank CDs! Compare our rates to your bank’s and you’ll see the difference!
Tax Savings
Interest earned on your MYGA account is not taxed until you withdraw it. Interest on non-IRA CDs is taxed annually. Keep more money in your pocket, not the government’s!
Long-term Rates
In the current interest rate environment, the best CD rates are typically 2 years or less. MYGAs have great rates out to 7+ years!
Call or text (478) 302-0255
We Love Answering Questions About High Yield Savings
The rates listed on this page are based on current offerings of multi-year guaranteed annuities by various insurance companies. You should thoroughly review all applications, disclosures, and documentation prior to investment. These products include a surrender charge if you withdraw more than a stated maximum amount per year. We recommend you review with your tax and legal advisors prior to entering into this or any investment contract. Funds are guaranteed by the issuing insurance company and are not guaranteed by the FDIC, NCUA, or other government entity. The licensed agent for these products is Zack Purvis, CFA (GA license 3379971; SC license 19705133).