We're looking at MYGAs also. 3.3% 5-year is pretty compelling. I think that one is with Brighthouse and available via BluePrint Income. If I'm not mistaken, Brighthouse is a spin-off of Met Life and a Fortune 500 company. That seems reasonably 'safe', but I'm also seeing even stronger companies like Mass Mutual (through FIDO) offering nearly comparable rates (3.2% from MM for 5-year MYGA).
New York Life and USAA are also offering pretty compelling rates through FIDO, and those all appear to be very strong financially with top ratings from AM Best and others.
We just bought a 3.2% 5-year and 3% 4-year from MM [A++ rating from AM Best, #123 on the Fortune 500 list] as we had a good chunk of cash that accumulated from matured CDs. Also have some other CDs maturing this Summer and Fall, so will hopefully pickup more MYGAs at even higher rates.
It's hard to guess where rates will go from here. While the Fed has been clear what their intent is, a number of analysts I follow closely are saying it's unlikely the Fed will get to the target FFR before they "break something" in the economy and have to back off (ie: lower rates and maybe even start another round of QE). Their reasoning seems solid to me. So, while Fed Governors like Brainard are talking 4+% FFR, that's unlikely to happen without severe recession and a major market meltdown. Given that, I figure grabbing some 3+% MYGAs now and seeing where rates are at in Summer and Fall is prudent..because we may be seeing a peak in the 10-yr and maybe even 2-yr USTs now, depending on how many future rate hikes are "baked in" to current yields by markets. (It's often said markets "look ahead" by 6 months or so, so the question becomes..how many 25 bps hikes are already "baked in" to current UST yields? That'd be interesting to know, as it would give better visibility into where MYGA and even CD rates might go from here).