Annuity Interest Rates
Interest rates on investments like CDs, bonds and money market accounts have remained low for many months, often less than one percent. As a result, annuities have emerged as way to earn more money on your investment and provide guaranteed income during your retirement.
Our fixed and indexed annuities offer a guaranteed minimum interest rate of one percent. Your local Farm Bureau agent can help you understand which option would best fit your retirement strategy.
Current Annuity Interest Rates, Effective May 11, 2020
|
|
New Money 4 |
New Money 8 |
Portfolio 6 |
Portfolio 10 |
AccumuLock Indexed Annuity |
|---|---|---|---|---|---|
|
Current Interest Rate (includes first year bonus rate, if any) |
1.00% $100,000+ 1.00% $25,000 - 99,999 1.00% $0- 24,999 |
Not available |
1.00% $100,000+ 1.00% $25,000-99,999 1.00% $0 - 24,999 |
1.00% $100,000+ 1.00% $25,000 - 99,999 1.00% $0 - 24,999 |
1.50% Fixed Rate 3.00% Point to Point Cap 3.50% Monthly Avg. Cap |
| Bonus Rate |
N/A |
N/A | N/A | N/A | N/A |
| Guaranteed Rate | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Premium Type | Single Premium | Single Premium | Flexible Premium | Flexible Premium | Flexible Premium |
| Minimum Premium | $25,000 Single Premium | $25,000 Single Premium | $500 initial premium, or $25 monthly EFT | $500 initial premium, or $25 monthly EFT | $5,000 initial premium |
| Select IV Fixed Annuity | |||||
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