A Multi-Year Guarantee Annuity (MYGA) is a type of fixed annuity that offers a guaranteed interest rate for a set period, much like a Certificate of Deposit (CD). It’s a safe and predictable way to grow your savings over time. MYGAs are ideal for individuals looking for stability and steady returns without market risks. With flexible terms and tax-deferred growth, they are a smart option for long-term financial planning.