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April 01, 2003 at 07:00 PM
NU Online News Service, April 1, 2003, 12:13 p.m. EST – Nationwide Financial Services Inc., Columbus, Ohio, has introduced the Nationwide Platinum III Annuity contract.
The product is an individual, fixed, deferred annuity.
Nationwide is promising interest rate increases of 0.15 percentage points during contract years two and three and again during contract years five and six.
“Investors will receive a competitive interest rate at least equal to the initial rate in year one, at the beginning of the fourth year or be allowed to surrender the contract without consequence,” Nationwide says.
