| Feature | MYGA | CD |
| Interest rate | Guaranteed | Guaranteed |
| Term | 3-10 years | 1-5 years |
| Liquidity | less liquid than CD | more liquid than MYGA |
| Tax treatment | tax-deferred interest | ordinary taxed interest |
| Protection | Principal is protected if insurance company bankruptcy | Up to $250K principal FDIC protected if bank failure |
| Choose | Good rate and reputation Insurance Co. | Good rate bank |