NU Online News Service, Aug. 21, 9:56 a.m. – Nationwide Financial Services Inc., Columbus, Ohio, has developed a proprietary, fixed annuity for SouthTrust Corp., Birmingham, Ala., a large bank holding company.
The SouthTrust SecureSaver annuity is a "step-up" fixed annuity that provides customers with annual guaranteed interest rate increases, Nationwide says.
Nationwide Life and Annuity Insurance Company, Columbus, a subsidiary of Nationwide Financial Services Inc., is the official issuer.
The annuity is available only through SouthTrust Insurance Agency, Birmingham, a subsidiary of SouthTrust's SouthTrust Securities Inc. unit.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.