GCU Annuities Issued Beginning
December 1, 2013
New Annuity Accounts
The interest rates for all new GCU Annuity
December 1, 2013 are as follows.
** 1 + 4 Choice will earn 1.65 APY **Triple Advantage accounts will earn 2.40% APY.***5-Year Advantage accounts will earn 3.00% APY and ***Flex-8 accounts will earn 3.50%.
Existing Annuity Accounts
Existing annuities will earn interest at the following rates. Regular Flexible Accounts will earn 3.00% APY. Flex-5 accounts will earn 3.00% APY and Flex-10 accounts will earn 3.50% APY.
GCU Option “A” Annuities
** Interest rate on *Settlement Option “A” (interest only, minimum deposit $5000)
annuities is 1.00% APY.
Annuity Settlements and Security Life
Annuity settlements will include interest at 3.75% APY. Security Life plans (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.
NOTE: Contracts with guaranteed rates higher than the declared rates will remain at the guaranteed rate.
Remember: No roller coaster rides here.
At the GCU your money grows everyday!