10 Best Annuities of 2025
Annuities are a popular choice for retirement planning and long-term financial security. Fixed annuities provide steady interest, indexed annuities link growth to market performance, and Multi-Year Guaranteed Annuities (MYGAs) lock in rates for set periods. Explore these options with a financial advisor to find the best fit for your long-term goals.
Best for Retirees Seeking
Guaranteed Income & Financial Stability
- FastBreak™ annuity lets you grow savings safely and withdraw when needed, all with tax-smart flexibility.
- Penalty-free access to your funds before age 59 ½ without an IRA early withdrawal tax
- Can be structured as fixed, variable, or indexed annuities
- No commissions, hidden fees, or charges with FastBreak™
- AAA Life Insurance Company – A Trusted Name in Annuities
- 9.25% first-year interest rate with their Platinum Bonus Annuity
- Top performing annuity options to fit your goals
- Speak to an agent – Get your quote today
- Fixed, Variable, Income, & Index Annuity options available
- Annuities designed for guaranteed interest or market exposure
- Lifetime income payments, living benefits and/or death benefit protection
- Retirement savings account - up to a fixed 5.60% APY*
- Tax-deferred growth for your retirement account
- A- (excellent) financial strength by AM Best
- Offering Fixed and Variable Annuities
- 100 years of financial experience
- Protect your growth and income in retirement
- Objective: Maximize growth potential with competitive rates
- Market Protection: Indexed annuities providing downside protection with upside potential
- Objective: Comprehensive retirement solutions with market-linked growth potential
- Market Protection: Leading indexed annuity provider with strong downside protection
- Multi-year guaranteed annuity grows your retirement savings
- Protects retirement account value from market downturns
- Lifetime withdrawal percentage guarantees income for life for clients 59 and older
- Objective: Low-cost annuity options with transparent fees.
- Market Protection: Fixed and indexed annuities providing protection against market volatility.
- Income Guarantee: Flexible income guarantees with clear, low fees.
- Fixed Index, Variable, Registered Index-linked, Fixed & Immediate annuities
- Tools & calculators to help make investment decisions
- Online account management & Claim assistance available
Looking for shorter terms? Explore The Top Certificates of Deposit (CDs)
5.35%* fixed rate for your savings—start with just $1,000.
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Earn 5.35%* APY on balances under $100,000
- Earn 5.60%* APY on balances $100,000 and greater
- Reliable Returns & Hassle-Free Enrollment
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Withdraw up to 10% annually, penalty-free*
* Rate as of 09/15/2025
Earn up to 4.15% APY* for terms from 3 to 60 months.
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$1,000 min. opening deposit | $75,000 for jumbo CDs
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Offer Regular & Jumbo CDs, and IRA certificates (Traditional, Roth, SEP).
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Interest compounds monthly; optional monthly payouts reduce compounding benefits.
* Rate as of 10/07/2025
Federally Insured by the NCUA
Earn up to 4.00% APY* with Discover's®️ 12-Month CD
- Locks in rates with the specific CD term that you choose
- Interest is compounded daily, and there are no account fees
- Hands off - Pick your term, make your deposit, and that's it!
*Rate as of 09/01/2025
Gainbridge® FastBreak™ Annuity
Gainbridge® FastBreak™ Annuity Key Features:
- Issued by: Gainbridge Life Insurance Company
- Interest Rate & Terms: Up to 5.60% guaranteed with 3-10 year terms¹ available
- Minimum Deposit: $1,000 – $1M
- Taxes: Interest taxable as earned
- Withdrawals: Up to 10% of account value each year²
Pros, Cons, and How it Compares:
The FastBreak™ annuity, offered by Gainbridge, is a non-tax-deferred savings product with a guaranteed annual percentage yield (APY) up to 5.60%.¹ It is available in terms ranging from three to ten years and requires a minimum investment of $1,000.
Unlike tax-deferred annuities, FastBreak™ requires you to pay income tax on the gains credited to your account each year. While this means you don't receive the tax-deferred growth common with other annuities, it offers the advantage of flexibility. You can access your funds before age 59 ½ without incurring early withdrawal penalties, which is typically not an option with tax-deferred products.
Who It's Best For:
According to Gainbridge, the FastBreak™ annuity is ideal for individuals focused on medium to long-term savings goals who want the flexibility to access their money if needed, before reaching retirement age. With its competitive APY and penalty-free early withdrawal feature, it’s a good fit for those seeking steady growth with financial flexibility.
Gainbridge® SteadyPace™ Annuity
Gainbridge® SteadyPace™ Annuity Key Features:
- Issued by: Gainbridge Life Insurance Company
- Interest Rate & Terms: Up to 5.60% guaranteed with 3-10 year terms¹ available
- Minimum Deposit: $1,000 – $1M
- Taxes: Earnings grow tax-deferred; taxes are due upon withdrawal
- Withdrawals: Up to 10% of account value can be withdrawn annually without penalty²
Pros, Cons, and How it Compares:
The Gainbridge® SteadyPace™ annuity is a tax-deferred savings option offering a competitive 5.60% APY and flexible term lengths ranging from three to ten years. With a minimum deposit requirement of $1,000, this annuity is accessible to a wide range of investors. Earnings grow tax-deferred, allowing potential tax savings, and you can withdraw up to 10% of your account value annually without penalty, starting in the first contract year.
Upon maturity, you have the flexibility to receive your funds as a lump sum, opt for regular payments over five to ten years, or renew your contract for continued growth under the prevailing terms. However, withdrawals before age 59½ may incur a 10% federal tax penalty on earnings in addition to ordinary income taxes.
Who It's Best For:
The Gainbridge® SteadyPace™ annuity is ideal for individuals seeking secure, tax-deferred growth with guaranteed returns. It suits those with medium- to long-term savings goals, including pre-retirees and retirees who value flexibility, predictable income, and low-risk investment options.
Gainbridge® ParityFlex™ Annuity
Gainbridge® ParityFlex™ Annuity Key Features:
- Issued by: Gainbridge Life Insurance Company
- Interest Rate & Terms: Guaranteed lifetime income through the Guaranteed Lifetime Withdrawal Benefit (GLWB)
- Minimum Deposit: $10,000
- Taxes: Earnings grow tax-deferred; taxes are due upon withdrawal
- Withdrawals: Provides annual income payments for life, even if the account balance depletes, subject to GLWB terms
Pros, Cons, and How it Compares:
The ParityFlex™ annuity, offered by Gainbridge, is a tax-deferred product designed to provide guaranteed lifetime income through its GLWB feature. With a minimum deposit of $10,000, this annuity offers financial security by ensuring you receive annual income payments for life, even if your account value runs out, provided all conditions of the contract are met.
While withdrawals exceeding the GLWB limits may incur surrender charges or market value adjustments, the product is designed to protect your principal and offer predictable income. Additionally, like other tax-deferred annuities, withdrawals before age 59 ½ may be subject to a 10% federal tax penalty.
Who It's Best For:
The ParityFlex™ annuity is ideal for individuals nearing or in retirement who prioritize stable, lifelong income and protection from market volatility. It’s a strong choice for those seeking predictable income without the risk of outliving their savings.
Discover®️ Bank CDs
Best Term Length Flexibility
CD term lengths range from twelve months to five years on average, but there are some banks, like Discover, that have more flexible options. They set themselves apart from other companies our list for offering fixed CDs with term lengths that range from as little as three months to as high as ten years. There are no fees to pay either, so that’s also a plus.
Having a variety of term lengths can be very useful, especially if you’re considering laddering multiple CDs. However, lower term lengths result in lower APY, and Discover is no exception. Choosing a lower-term option means that you’ll have to invest more in your initial deposit to actually gain anything from your CD.
Mobile App and 24/7 Support
Discover is one of the only online banks on this list with a downloadable app. The app is free and lets you manage your checking and savings accounts, deposit checks, make payments, check balances, and track account activity. For CDs, you can check the status of your account at any time and watch your balance grow. Additionally, Discover is the only bank on this list that offers 24/7 customer support over the phone, so you can call them any time and expect a live representative to assist when you need it.
Drawbacks
Discover’s withdrawal penalties are on the higher side, with the lowest being three months (90 days) of simple interest if you withdraw in less than a year, and 24 months (720 days!) of simple interest for seven years or more. Since CD’s are meant to be kept untouched, it’s understandable that banks adopt rules to keep you from withdrawing your funds, but if there’s an emergency and you need your funds, you’ll end up paying more with higher fees.