Axonic Waypoint MYGA Review (September 2026): 2-Year 5.10% on $100K+, Issued by AmFirst
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Issuer checked on axonicinsurance.com; rates from a dated third-party listing · Updated
The Axonic Waypoint 2-year MYGA paid 5.10% on $100,000+ and 4.75% on $20,000 to $99,999 (version with 10% free withdrawals from year 2), per a third-party listing checked September 24, 2026 whose 2-year rate was affirmed September 10, 2026. The contract is issued by AmFirst Insurance Company.
Updated September 24, 2026: this page previously showed 5.00% for the 2-year Waypoint with a $100,000 minimum (June 8, 2026). The listing now shows 5.10% at $100,000+ and a $20,000 minimum for the lower band.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $121,081 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $5,055 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Waypoint MYGA rates by term
| Term | $100,000+ | $20,000-$99,999 |
|---|---|---|
| 2 years | 5.10% | 4.75% |
| 3 years | 5.65% | 5.30% |
| 5 years | 6.00% | 5.65% |
| 7 years | 5.65% | 5.30% |
| 10 years | 5.60% | 5.25% |
2-year contract terms
| Feature | Detail |
|---|---|
| Issuer | AmFirst Insurance Company (Axonic Insurance brand) |
| Surrender charge | 9%, 8% |
| Free withdrawals | None in year 1; 10% from year 2 |
| Market value adjustment | Yes, on withdrawals that also incur a surrender charge |
| Issue ages | 0-89 |
| Minimum premium | $20,000 |
| Waivers | Nursing home and terminal illness |
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
We’ll email you when a rate on this page changes. Hans Goldstein · NPN 20602398.
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How it compares
The best nationally available 2-year CDs paid about 4.35% to 4.45% APY on September 24, 2026 (DepositAccounts), taxed every year and FDIC-insured. For 5-year money, insurers rated A or better topped out around 5.50% to 6.05% on 5-year compound-interest MYGAs (public carrier rate sheets, October 14, 2026). Rates vary by state, premium and carrier.
I see a 2-year MYGA as a short rung in a ladder, or a bridge to a known date. Keep the premium with any one insurer at or below your state guaranty association limit.
Current MYGA rates · Annuity vs CD
Sources
- PlanEasy Axonic/AmFirst listing, checked September 24, 2026
- axonicinsurance.com/waypoint (issued by AmFirst Insurance Company)
- DepositAccounts 2-year CD table, September 24, 2026
- public carrier rate sheets (MYGA benchmark), October 14, 2026
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) and is not affiliated with Axonic Insurance or AmFirst Insurance Company. Figures are copied from the sources named, as of the dates shown; confirm current terms and rates with the issuer before you buy. MYGA figures are market benchmarks, not quotes.
Frequently asked questions
What does the Axonic Waypoint 2-year MYGA pay?
5.10% on $100,000 or more and 4.75% on $20,000 to $99,999, for the version with 10% free withdrawals from year 2. That is from a third-party rate listing whose 2-year rate was last affirmed September 10, 2026; Axonic does not post rates on its public site.
Who issues the Waypoint MYGA?
AmFirst Insurance Company. Axonic Insurance designs, distributes and services the product; its website says Waypoint is issued by AmFirst.
What terms does Waypoint come in?
2, 3, 5, 7 and 10 years, per the same listing. The 2-year version has a 9% then 8% surrender charge, a market value adjustment, and no free withdrawal in year 1.
What is the minimum premium?
$20,000 on the listing I checked. The higher rate band starts at $100,000.
Is 5.10% for 2 years better than a CD?
It is higher than the best nationally available 2-year CDs I found on September 24, 2026 (about 4.35% to 4.45% APY on DepositAccounts), and the interest is tax-deferred. The CD is FDIC-insured and easier to exit. The MYGA carries a surrender charge and an MVA.
Get a second opinion before you sign
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. Annuity rates, caps, participation rates, payout factors, crediting methods, and long-term care benefit structures change often, sometimes monthly. Confirm current figures in the latest carrier disclosure and the contract before you buy. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) appointed with several A-rated carriers. His appointment with the carrier reviewed here may vary, and this review is not an endorsement. No carrier paid for this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity or long-term care insurance product. Past index performance does not predict future credited interest. Annuities and hybrid life+LTC policies are long-term contracts with surrender charges; they are not suitable for funds you may need before the end of the surrender period. AM Best ratings and tax treatment are subject to change. Tax discussion of IRC §7702B, §1035, and the Pension Protection Act of 2006 reflects law as of 2026 and is subject to change.