Nassau MYAnnuity with 0% FW — 7-year fixed annuity at 5.55%
- Locks in 5.55% for 7 years
- Open with $10,000 to $2,000,000
- Free withdrawals allowed for:
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 7 years
Compounded at 5.55% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $555 | $10,555 |
| 2 | $586 | $11,141 |
| 3 | $618 | $11,759 |
| 4 | $653 | $12,412 |
| 5 | $689 | $13,101 |
| 6 | $727 | $13,828 |
| 7 | $767 | $14,595 |
| Total earnings | $4,595 | $14,595 |
Free-withdrawal allowance: None. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #34 of 157 (top is 6.25% — Sentinel Security Personal Choice)
Same product, other terms
Other MYAnnuity with 0% FW terms from Nassau
Projections shown for a $10,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 5-year | 5.50% | $13,070 | View → |
| 7-year | 5.55% | $14,595 | You're here |
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 The charge is a percentage of the amount withdrawn, decreasing each year.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 | 7.8% |
| Year 2 | 6.9% |
| Year 3 | 6.0% |
| Year 4 | 5.1% |
| Year 5 | 4.2% |
| Year 6 | 3.2% |
| Year 7 | 2.3% |
Contract terms
What else to know
Term
7 years guaranteed at 5.55% APY
Investment range
$10,000 – $2,000,000
Funding sources accepted
Traditional IRA, Non-Qualified, IRA Rollover, IRA Transfer, Spousal IRA, IRA-Roth, SEP IRA, TSP
Owner age
0 to 85 years old
Free look period
30 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
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
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: Nassau contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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