Oceanview Harbourview MYGA — 5-year fixed annuity at 4.70%
- Locks in 4.70% for 5 years
- Open with $20,000 to $1,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
Rates as of May 8, 2026
Projected balance
over 5 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 |
| 4 | $5,394 | $120,167 |
| 5 | $5,648 | $125,815 |
| Total earnings | $25,815 | $125,815 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #135 of 171 (top is 6.35% — Mountain Life Alpine Horizon)
- Top 5-year CD
- 4.20% APY · $122,840 at maturity (taxed annually)
Same product, other terms
Other Harbourview MYGA terms from Oceanview
Projections shown for a $100,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 2-year | 4.95% | $110,145 | View → |
| 3-year | 5.05% | $115,928 | View → |
| 4-year | 5.20% | $122,479 | View → |
| 5-year | 4.70% | $125,815 | You're here |
| 6-year | 5.35% | $136,712 | View → |
| 7-year | 5.25% | $143,072 | View → |
| 10-year | 5.50% | $170,814 | 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 The charge is a percentage of the amount withdrawn, decreasing each year.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 | 8.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
Contract terms
What else to know
Term
5 years guaranteed at 4.70% APY
Investment range
$20,000 – $1,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $20,000 – $70,000 | 4.35% |
| $70,000 – $100,000 | 4.70% |
| $100,000 – $1,000,000 | 4.70% |
Funding sources accepted
Roth Conversion (Partial), Roth Conversion (Full), Traditional IRA, Profit Sharing, Non-Qualified, Inherited IRA, 1035 Exchange, IRA Rollover, IRA Transfer, NQ Stretch, IRA-Roth, TSA 403b, Pension, SEP IRA, 401k, TSP
Owner age
0 to 89 years old
Free look period
20 days after policy issue to change your mind without penalty.
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- 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: Oceanview contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
First time looking at fixed annuities? How they compare to a CD →