Rates and costs
Rates, bonus, surrender charges, and costs
Interest Rates as of June 2025
| Band | Premium | Rate |
|---|---|---|
| Low Band | $10,000 - $99,999 | 3.50% |
| Mid Band | $100,000 - $249,999 | 3.75% |
| High Band | $250,000 + | 3.75% |
Surrender/Early Withdrawal Charge
The American Equity Guarantee Shield 3 Multi-Year Guaranteed Annuity (MYGA) allows up to 10% of the contract value to be withdrawn free of charge each year.
Should your needs change unexpectedly, and you need to take an excess withdrawal (a withdrawal that is above the free withdrawal amount available in a given contract year), you may be entitled to access additional monies, although certain charges and penalties may apply. Any amount withdrawn in excess of the remaining free withdrawal amount is subject to a Surrender Charge. Below is the Surrender Charge schedule for the American Equity Guarantee Shield 3 Multi-Year Guaranteed Annuity (MYGA).
| Completed Contract Years | 1 | 2 | 3 | 4+ |
|---|---|---|---|---|
| 3-yr | 9% | 8% | 7% | 0% |
Market Value Adjustments - In case you need to surrender your policy, a Market Value Adjustment (MVA) will be applied to the portion of the withdrawal or surrender that exceeds the free withdrawal amount during the withdrawal charge period.
Contract/Administrative Charge
The American Equity Guarantee Shield 3 MYGA levies no annual contract or administrative fees.