NU Online News Service, Nov. 13, 3:03 p.m. – Branch Banking and Trust Company, a unit of BB&T Corp., Winston-Salem, N.C., will be marketing two proprietary annuities developed by Nationwide Financial Services Inc., Columbus.
The annuities are the BB&T Future Annuity annuity and the BB&T Rate Ascender annuity.
The BB&T Future Annuity contract is an individual deferred variable contract that offers investment options from outside money managers as well as BB&T.
The BB&T Rate Ascender annuity is a fixed annuity that allows multiple payments during the first year. It features a five-year step-up rate, with the initial interest rate increasing by 0.15% annually.
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