MYGA Balance at Maturity
$285,460
After 5 years at 6.30% · Monthly compounding
Total Interest Earned
$85,460
Effective Annual Yield (APY)
6.48%
Nominal Rate vs. Effective Yield
How compounding frequency amplifies your return
APR (Nominal Rate)
6.30%
APY (With Compounding)
6.48%
With monthly compounding, a 6.30% APR produces an effective annual yield of 6.48%. More frequent compounding at the same nominal rate produces higher real returns.
MYGA vs Taxable CD
Tax-deferred compounding vs annual taxation
MYGA (After Tax)
$256,640
After withdrawal tax at maturity
CD (After Tax)
$242,168
Taxed annually as ordinary income
MYGA advantage over CD
+$14,472
Year-by-Year Growth
How your MYGA compounds each year
| Year | Beginning Balance | Interest Earned | Ending Balance |
|---|
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Important Disclosures
Illustrative only. Actual contract crediting, market value adjustments (MVAs), and surrender charges vary by carrier. MYGAs are not FDIC insured. Guarantees are backed by the claims-paying ability of the issuing insurance company. Tax calculations assume a lump-sum withdrawal at maturity and do not account for the 10% early withdrawal penalty on gains before age 59½. Request a carrier illustration for exact figures.