North American – MYGA Rate Increase

MYGA interest rate increase effective December 6, 2016
North American Guarantee Choice Multi-Year Guarantee Annuity (MYGA) interest rates are increasing as follows:

Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate
3-Year 1.60% 1.30% 1.30% 1.00%
4-Year 1.80% 1.50% 1.55% 1.25%
5-Year 2.45% 2.25% 2.20% 2.00%
6-Year 2.20% 1.90% 1.95% 1.65%
7-Year 2.45% 2.15% 2.20% 1.90%
8-Year 2.60% 2.30% 2.40% 2.10%
9-Year 2.70% 2.40% 2.50% 2.20%
10-Year 2.80% 2.50% 2.60% 2.30%

 

Posted in Bulletins, Rate Change.