GCU Annuities Issued
Beginning July 1, 2016
New Annuity Accounts
The interest rates for all new GCU Annuity accounts effective July 1, 2016 are as follows
**1+4 Choice will earn 1.50 APY **Triple Advantage account will earn 2.25%. ***5 Year advantage accounts will earn 3.00% and ****Flex-8 Accounts will earn 3.50%
Existing Annuity Account
Existing annuities will earn interest at the following rates. Regular Flexible Accounts will earn 3.00% APY. Flex-5 account will earn 3.00% and Flex-10 account will earn 3.50% APY.
GCU Option "A" Annuities
Interest rate on **Settlement Option "A" (interest only, minimum deposit $5,000) annuities is 1.00% APY.
Annuity Settlement and Security Life
Annuity settlements will include interest at 3.00% APR. Security Life plan (our universal life product) will earn 4.50% APY.
**NOTE: Deposits are limited to $100,000 in these accounts per year per member.
***NOTE: Deposits are limited to $500,000 in 5 Year Advantage accounts per year per member.
****NOTE: Deposits are limited to $1,000,000 in Flex-8 accounts per year per member.