The $9.8-billion State Employees' Credit Union (SECU) said it has joined with Jackson National Life to offer a product frequently requested by members-the NCSECU Fixed Annuity. It is aimed at members seeking a long-term, tax-deferred retirement savings vehicle. The flexible premium, deferred fixed annuity offers guarantee of principal (less prior withdrawals), a one-year interest rate guaranteed period and a first-year interest rate bonus. The owner of the annuity makes a premium contribution(s) and earns interest on a tax-deferred basis. The interest rate as of Jan. 2 was 5.45%, which includes a first year interest rate bonus of 1.00%. "The accumulation of sufficient retirement savings is a major concern to us all as is the possibility of outliving your money. A fixed annuity can help in responding to these concerns," said Harry Dixon, SVP of SECU's Insurance Services Department.