New York Life Secure Term Choice Fixed Annuity II — 3-year fixed annuity at 4.70%
- Locks in 4.70% for 3 years
- Open with $5,000 to $1,500,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
Rates as of May 9, 2026
Projected balance
over 3 years
Compounded at 4.70% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $4,700 | $104,700 |
| 2 | $4,921 | $109,621 |
| 3 | $5,152 | $114,773 |
| Total earnings | $14,773 | $114,773 |
Free-withdrawal allowance: 10% / yr. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #98 of 148 (top is 6.00% — Sentinel Security Personal Choice ages 60+)
- Top 3-year CD
- 4.20% APY · $113,137 at maturity (taxed annually)
Same product, other terms
Other Secure Term Choice Fixed Annuity II terms from New York Life
Projections shown for a $100,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 3-year | 4.70% | $114,773 | You're here |
| 4-year | 4.70% | $120,167 | View → |
| 5-year | 4.75% | $126,116 | View → |
| 6-year | 4.80% | $132,485 | View → |
| 7-year | 4.85% | $139,309 | View → |
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 The charge is a percentage of the amount withdrawn, decreasing each year.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 | 7.0% |
| Year 2 | 7.0% |
| Year 3 | 7.0% |
Contract terms
What else to know
Term
3 years guaranteed at 4.70% APY
Investment range
$5,000 – $1,500,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $5,000 – $25,000 | 4.05% |
| $25,000 – $50,000 | 4.25% |
| $50,000 – $100,000 | 4.45% |
| $100,000 – $1,500,000 | 4.70% |
Funding sources accepted
Roth Conversion (Partial), Roth Conversion (Full), Traditional IRA, Profit Sharing, Non-Qualified, Inherited IRA, IRA Rollover, IRA Transfer, Spousal IRA, TSA 403b, 457 plan, Pension, SEP IRA, TSP
Owner age
0 to 90 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
- Unemployment Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
- Return of Premium
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: New York Life contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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