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USAA Life Insurance Company and USAA Life Insurance Company of New York

Fixed indexed and deferred annuity rates

When you're ready, our Retirement Income Specialists can help you apply for an annuity. Or they can give you a complimentary review of your retirement income needs.

Schedule a call

Call 800-833-9847

For TTY devices, dial 711

Hours of operation for our Retirement Income Specialists

Monday to Friday
7:30 a.m. to 7 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary.

Rates by term for deferred annuities

Choose your timeline and earn a guaranteed interest rate with our Fixed Guaranteed Growth annuity, or FGG.‍ ‍ See note 1

We’ll lock in your rate the day we get your signed application. You just need to send your money within 30 days. 

To find out how much you might earn, use our deferred annuity calculator. 

3-year rates

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

N/A

Rate for New York

N/A

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

3-year rates

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

N/A

N/A

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

N/A
Rate for New York

N/A
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 3-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Apply for a 3-year FGG.

The minimum amount to open this term is $50,000.

Apply now

5-year rates

If you withdraw money before your term is up, you may have to pay .  

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

5-year rates

If you withdraw money before your term is up, you may have to pay .  

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

§%

§%

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

If you withdraw money before your term is up, you may have to pay .  

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 5-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Apply for a 5-year FGG. 

The minimum amount to open this term is $20,000.

Apply now

10-year rates

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
  • §% in year 6
  • §% in year 7
  • §% in year 8
  • §% in year 9
  • §% in year 10
Default Caption Text

Contribution amount

Less than $49,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$50,000 to $99,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$100,000 to $249,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$250,000 to $499,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$500,000 to $999,999

Rate for all states except New York

§%

Rate for New York

§%

Contribution amount

$1,000,000 and higher

Rate for all states except New York

§%

Rate for New York

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

10-year rates

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
  • §% in year 6
  • §% in year 7
  • §% in year 8
  • §% in year 9
  • §% in year 10
Default Caption Text
Contribution amount Rate for all states except New York Rate for New York

Less than $49,999

§%

§%

$50,000 to $99,999

§%

§%

$100,000 to $249,999

§%

§%

$250,000 to $499,999

§%

§%

$500,000 to $999,999

§%

§%

$1,000,000 and higher

§%

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

If you withdraw money before your term is up, you may have to pay .

Surrender charges

After your first year, you can withdraw up to 10% of your money once a year without paying a fee.

If you withdraw money in year 1, or take out more than 10% in later years, you will pay an early withdrawal fee called a surrender charge. That charge is a percentage of the money you take out.

  • §% in year 1
  • §% in year 2
  • §% in year 3
  • §% in year 4
  • §% in year 5
  • §% in year 6
  • §% in year 7
  • §% in year 8
  • §% in year 9
  • §% in year 10
Default Caption Text
Contribution amount

Less than $49,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$50,000 to $99,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$100,000 to $249,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$250,000 to $499,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$500,000 to $999,999
Rate for all states except New York

§%
Rate for New York

§%
Contribution amount

$1,000,000 and higher
Rate for all states except New York

§%
Rate for New York

§%

Notes for 10-year rates

  1. Rate effective §. Your actual rates will depend on your physical address state. Interest rates are subject to change, but they'll never be less than the guaranteed minimum. Your interest rate will be the rate in effect on the day we receive your signed application — as long as we receive your money within 30 days of that date. This is known as an interest rate lock.

Apply for a 10-year FGG. 

The minimum amount to open this term is $20,000.

Apply now

Minimum guaranteed interest rates 

When your annuity is over its guaranteed time, interest rates may change. But they’ll never fall below these guaranteed minimums.‍ ‍ See note 2

Default Caption Text

Annuity

Fixed indexed

Time period

2 to 14 years

Rate

§%

Annuity

Fixed guaranteed growth

Time period

4 to 14 years

Rate

§%

Annuity

Fixed indexed and fixed guaranteed growth

Time period

15 years or longer

Rate

§%

Notes for Minimum guaranteed interest rates 

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

Minimum guaranteed interest rates 

When your annuity is over its guaranteed time, interest rates may change. But they’ll never fall below these guaranteed minimums.‍ ‍ See note 2

Default Caption Text
Annuity Time period Rate

Fixed indexed

2 to 14 years

§%

Fixed guaranteed growth

4 to 14 years

§%

Fixed indexed and fixed guaranteed growth

15 years or longer

§%

Notes for Minimum guaranteed interest rates 

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

When your annuity is over its guaranteed time, interest rates may change. But they’ll never fall below these guaranteed minimums.‍ ‍ See note 2

Default Caption Text
Annuity

Fixed indexed
Time period

2 to 14 years
Rate

§%
Annuity

Fixed guaranteed growth
Time period

4 to 14 years
Rate

§%
Annuity

Fixed indexed and fixed guaranteed growth
Time period

15 years or longer
Rate

§%

Notes for Minimum guaranteed interest rates 

  1. The minimum guaranteed interest rate is subject to change and may vary by product and state. The minimum guaranteed interest rate will be re-determined at the end of any guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

What are the rates for immediate annuities? 

Immediate annuities don’t use standard interest rates. Instead, we calculate your payments based on your age, deposit and the payout plan you pick for our Single Premium Income Annuity, or SPIA.

You can choose payments that last for your whole life, a set number of years or a mix of both.‍ ‍ See note 3 You can also set it up to cover your spouse. 

Learn more about SPIA

Calculate immediate income

Annuity vs CD vs savings account: Key differences

Learn the differences between annuities, CDs, and savings accounts to decide which option offers the best rates and benefits for your financial goals.
Read article: Annuity vs CD vs savings account: Key differences

Fixed indexed and deferred annuity rates FAQ

No. Your guaranteed interest rate stays the same. But taking money out before your term ends can still cost you.

You may have to pay an early withdrawal fee, known as a surrender charge. Plus, because you have less money in your account, you’ll earn less interest over time.

The interest rate credited to your account is based on the performance of the S&P 500 Market Index over a particular time period. Dividends aren't included.

If the percentage of the change is positive, we'll credit that percentage to your account up to a maximum amount, which is called the cap rate. If the S&P 500 Market Index hasn't gone up, your account value remains the same.

Any interest you earn gets reinvested automatically, so your account keeps growing. You won’t pay taxes on that interest until you withdraw it or start receiving payments from your annuity.

No. Funding happens 1 time when you open the annuity. You can't add more money later.

View all annuities FAQ

Let’s start planning for your retirement.

Schedule a call

Call 800-833-9847

For TTY devices, dial 711

Hours of operation for our Retirement Income Specialists

Monday to Friday
7:30 a.m. to 7 p.m. CT
Saturday and Sunday
Closed

Note: Days and times may vary.

Related footnotes:

  1. Fixed Guaranteed Growth earns interest at the rate in effect at the time of purchase. Rate guaranteed for the period selected. Afterward, the interest rate will move to the contract's minimum guaranteed rate, which is re-established at the end of each guaranteed period. For California and New York issued contracts, the minimum guaranteed rate is fixed and will not change after the contract is issued.

  2. Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.

  3. Money not previously taxed is taxed as income when paid. Withdrawals before age 59½ may be subject to a 10% federal tax penalty.

Related footnotes:

  1. An annuity is a long-term insurance contract issued by an insurance company designed to provide a retirement income stream for life. Once the contract principal is converted into an income stream, you will no longer have access to your principal as a lump sum. Terms, conditions, limitations and surrender charges may apply.

  2. The contents of this document are not intended to be, and are not, legal or tax advice. The applicable tax law is complex, the penalties for non-compliance are severe, and the applicable tax law of your state may differ from federal tax law. Therefore, you should consult your tax and legal advisers regarding your specific situation.

  3. Fixed Indexed Annuity (FIA) material is not intended for residents of Idaho, North Dakota or Oregon.

  4. Fixed Indexed Annuity (FIA): Forms ICC2399755 06-23, ASP504431ST 07-23, ASP504389FL 07-23, ASP504351CA 07-23. Not available in New York.

  5. Fixed Guaranteed Growth (FGG): Forms ICC2398732 06-23, ASP98784CA 10-18, ASP98783FL 06-23, NSP98868NY 10-18. FGG Renewal Endorsement: ICC25509339 04-25, ASP503778ST 12-25, ASP509339SC 04-25. Renewal Endorsement is not available in California or New York.

  6. Guaranteed Retirement Income Plan (GRIP): Forms ASI94832ST 10-11, ASI97207AK 10-11, ASI94878AR 10-11, ASI97208AZ 10-11, ASI94875CA 10-11, ASI97165CT 10-11, ASI97123IA 10-11, ASI97032ID 10-11, ASI94876IL 10-11, ASI97195KS 10-11, ASI97170MA 10-11, ASI94940MD 10-11, ASI94879MN 10-11, ASI94921MT 10-11, ASI94920NJ 10-11, ASI97268OH 10-11, ASI94877OK 10-11, ASI94941OR 10-11, ASI94922PA 10-11, ASI94833TX 10-11, ASI97124VA 10-11, ASI94874OS 10-11, NSI94897NY 10-11, NSI97130NY 10-11

  7. INDEX DISCLOSURE

    The "S&P 500®" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). It is not possible to invest directly in an index. USAA Fixed Indexed Annuity are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the USAA Fixed Indexed Annuity or any member of the public regarding the advisability of investing in securities generally or in USAA Fixed Indexed Annuity particularly or the ability of the S&P 500® to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices' only relationship to USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK with respect to the S&P 500® is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500® is determined, composed and calculated by S&P Dow Jones Indices without regard to USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK or the USAA Fixed Indexed Annuity. S&P Dow Jones Indices has no obligation to take the needs of USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK into consideration in determining, composing or calculating the S&P 500®. S&P Dow Jones Indices is not responsible for and have not participated in the determination of the prices, and amount of USAA Fixed Indexed Annuity or the timing of the issuance or sale of USAA Fixed Indexed Annuity or in the determination or calculation of the equation by which USAA Fixed Indexed Annuity is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of USAA Fixed Indexed Annuity. There is no assurance that investment products based on the S&P 500® will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

    NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK, OWNERS OF THE USAA Fixed Indexed Annuity, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND USAA LIFE INSURANCE COMPANY AND USAA LIFE INSURANCE COMPANY OF NEW YORK, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

  8. Learn about USAA's use of Artificial Intelligence at usaa.com/ai.

    Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.

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