Are There 2-Year Fixed Annuities?

Shawn Plummer

CEO, The Annuity Expert

Yes, there are 2-year fixed annuities.

Fixed annuities are insurance contracts where an individual pays a lump sum to an insurance company, which in return, guarantees a fixed interest rate on the investment for a specified period. A 2-year fixed annuity offers a guaranteed rate for two years. After this period, the annuity can be renewed, withdrawn, or rolled into a different investment. These annuities are popular for individuals seeking a stable, short-term investment with a guaranteed return.

Examples of 2-Year Fixed Annuities

  1. Standard Fixed Annuity: A lump sum investment with a guaranteed interest rate for two years.
  2. Multi-Year Guaranteed Annuity (MYGA): Similar to a standard fixed annuity, but specifically designed for a two-year period.

Benefits of 2-Year Fixed Annuities

  • Guaranteed Interest Rate: Protects against market volatility.
  • Short-Term Commitment: Ideal for those seeking a temporary, stable investment.
  • Predictable Income Stream: Provides consistent returns for the duration of the annuity.


  • Interest Rates: May be lower compared to longer-term annuities.
  • Early Withdrawal Penalties: Can incur fees for withdrawing funds before the term ends.
  • Renewal Options: Interest rates may change upon renewal after two years.


2-year fixed annuities offer a blend of stability and short-term investment commitment, suitable for individuals seeking guaranteed returns without long-term engagement. For more information and a tailored recommendation based on your specific financial goals, contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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