Guaranteed Rate definition
Examples of Guaranteed Rate in a sentence
During the installment payment period, interest is credited to your terminating amounts at a rate equal to the Guaranteed Rate (as determined on the first installment payment date), less 1%.
We may declare a new Guaranteed Rate at any time during the Contract Year.
However, prior to January 1, 2012, the minimum Guaranteed Rate shall be 3%.
No Guaranteed Rate may be less than an annual effective interest rate equal to the average 5-year Constant Maturity Treasury Rate reported by the Federal Reserve for the month of October of the calendar year immediately preceding the calendar year in which the Guaranteed Rate is in effect (rounded to the nearest 0.05%), minus 1.25%.
All monies in the FIA will earn interest at that Guaranteed Rate until that Guaranteed Rate is changed.