Are you looking for a safe, guaranteed way to grow your savings, but you're tired of paying yearly taxes on bank CDs? You need to know about the MYGA! In this video, Shawn Plummer from The Annuity Expert answers the question: Can a MYGA (Multi-Year Guaranteed Annuity) be used as a CD alternative? The answer is absolutely—in fact, that is exactly what they were designed to do! Shawn breaks down how a MYGA works just like a Certificate of Deposit: you pick a term length, and the insurance company guarantees you a fixed interest rate for that entire period. However, MYGAs offer several massive upgrades over traditional bank CDs. Shawn explains how MYGAs provide tax-deferred growth (giving you the power of "triple compounding"), often offer annual liquidity to access your cash, have absolutely zero contribution limits, and consistently pay significan ...