|GCU Annuities Issued Beginning August 1, 2014|
New Annuity Accounts
The intereste rates for all new GCU Annuity accounts effective August 1, 2014 are as follows
**1+4 Choice will earn 1.65 APY **Triple Advantage account will earn 2.40%. ***5 Year advantage accounts will ear 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 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 3.75% 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 these accounts per year per member.