More from American Equity
American Equity Eagle Platinum with 10% FW — 7-year fixed annuity at 1.90%
- Locks in 1.90% for 7 years
- Open with $10,000 to $1,500,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 7 years
Compounded at 1.90% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $190 | $10,190 |
| 2 | $194 | $10,384 |
| 3 | $197 | $10,581 |
| 4 | $201 | $10,782 |
| 5 | $205 | $10,987 |
| 6 | $209 | $11,196 |
| 7 | $213 | $11,408 |
| Total earnings | $1,408 | $11,408 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #156 of 157 (top is 6.25% — Sentinel Security Personal Choice)
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
| Year 6 | 4.0% |
| Year 7 | 3.0% |
Contract terms
What else to know
Term
7 years guaranteed at 1.90% APY
Investment range
$10,000 – $1,500,000
Funding sources accepted
Roth Conversion (Partial), Roth Conversion (Full), Traditional IRA, Non-Qualified, Inherited IRA, 1035 Exchange, IRA Rollover, IRA Transfer, NQ Stretch, IRA-Roth, SEP IRA
Owner age
18 to 85 years old
Free look period
10 days after policy issue to change your mind without penalty.
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: American Equity contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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