Compare The Best 457(b) Rates For October 2026
The following table offers the best 457(b) fixed interest rates using Multi-Year Guaranteed Annuities (MYGA), sorted from highest to lowest rate.
How to Transfer a 457(b) Retirement Account to a MYGA for Guaranteed Interest Rates
Many retirees and employees with government or non-profit employers are looking for secure ways to grow their 457(b) retirement savings. By transferring your old 457(b) account into a new 457(b) that uses a Multi-Year Guaranteed Annuity (MYGA), you can lock in a guaranteed interest rate for a fixed term—providing stability and predictable growth in a low-risk environment.
What is a 457(b) MYGA?
A 457(b) MYGA is a type of fixed annuity designed to offer guaranteed interest rates for a set period, typically ranging from 2 to 10 years, similar to a Certificate of Deposit. This investment ensures that your principal is protected while earning a fixed rate of return that does not fluctuate with market conditions. MYGAs within a 457(b) allow for tax-deferred growth, making it easier to maximize your retirement savings.
Why Consider Transferring to a 457(b) MYGA?
Transferring an old 457(b) to a new 457(b) MYGA is beneficial for those seeking to eliminate market risk and secure a steady return. With MYGA interest rates often exceeding those of traditional savings accounts and other low-risk investments, you can grow your retirement savings more effectively while retaining control over your funds at the end of the term.
How We Can Help
We understand that finding the best 457(b) MYGA rates can be challenging, especially with so many options available. As an insurance agency and retirement planner with over 18 years of experience, The Annuity Expert is committed to helping you identify the top rates at the lowest costs. Our goal is to ensure you receive the highest return possible while keeping your retirement strategy aligned with your financial goals.
What We Recommend
- Initial Consultation: We’ll discuss your current 457(b) and review available MYGA options. This consultation helps us understand your financial goals and risk tolerance, ensuring we find the right solution.
- Main Benefit: Personalized recommendations tailored to your unique retirement needs.
- Rate Comparison: We’ll compare the best 457(b) MYGA interest rates available to maximize your earnings potential while maintaining safety and flexibility.
- Main Benefit: You get access to the highest rates on the market, curated specifically for 457(b) transfers.
- Transfer Process: We handle all paperwork and facilitate the transfer from your old 457(b) to your new MYGA. Our expertise ensures a seamless and hassle-free experience.
- Main Benefit: Enjoy a straightforward process without the stress of navigating complex transfer rules.
What You Get
- Guaranteed Returns: Lock in a fixed interest rate for a specific period.
- Principal Protection: Your principal is safe and unaffected by market fluctuations.
- Tax-Deferred Growth: Your MYGA earnings grow without immediate tax consequences until withdrawal.
- Transparent Fees: No hidden charges—just clear, straightforward terms.
Contact Us for a Free Consultation
Ready to secure the best 457(b) MYGA rates for your retirement? Contact us today for a free, no-obligation consultation. We’ll help you navigate your options and find the best strategy to achieve a stable, predictable return.
Questions From Our Readers
Are 457(b) MYGAs insured?
The FDIC does not insure 457(b) MYGAs. However, they are backed by the financial strength of the issuing insurance company and reinsured by state guaranty associations, which provide additional protections.
Can 457(b) MYGAs lose money?
No, 457(b) MYGAs cannot lose money as the principal is protected. Your investment earns a guaranteed interest rate. After the term, your principal and interest are yours to renew, transfer, or spend.
What happens to my 457(b) MYGA when I die?
When you die, your 457(b) MYGA typically pays your beneficiaries a lump-sum death benefit, including any remaining principal and accrued interest. This ensures your funds pass on without loss.