Human Resources
Retirement Investors' Club (RIC)
Fixed Rate Account 
4/28/08
A fixed rate account is an investment option that provides guarantee of principal and rates of return. Principal and are guaranteed by the provider. Fixed rates currently offered by RIC's active providers are shown below. Current Rates are updated on our website periodically. For the most accurate rate information contact the providers directly.
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Current Rate (2nd quarter 2008) |
3.75% as of April 2008 rate declared monthly on entire balance |
4.00% as of April 2008 rate declared quarterly for new money |
4.00% as of April 2008 rate declared monthly on entrire balance |
4.00%* as of April 2008 rate declared quarterly on entire balance |
2008 Minimum Guarantee |
3.25% | 4.00% |
3.60% |
3.95% |
Contract Minimum Guarantee |
2.00% | 4.00% |
3.00% |
2.50% |
*Restrictions on Transfers: Each participant can make up to two transfers from the Fixed Account each calendar year not to exceed more than 20% of his or her entire Fixed Account balance. Additionally, a five-year transfer provision allows for the systematic movement of 100% of an account value out of the Fixed Account on a monthly basis over a five-year period. These transfer restrictions are applicable to transfers within the Nationwide plan and to other providers within the RIC. The Fixed Account transfer restrictions do not apply to qualifying events, such as withdrawals due to separation of service, benefit payments to beneficiaries, hardship withdrawals or rollovers outside of the RIC.
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