News Release - April 30, 2009
SASKATCHEWAN SAVINGS BONDS AVAILABLE JUNE 6–25
Series 18 Saskatchewan Savings Bonds (SSBs) will be available for purchase June 6-25.
"This has been a popular program for Saskatchewan people, offering a competitive interest rate and a safe and secure investment choice," Finance Minister Rod Gantefoer said. "Bonds are affordable for all investors regardless of age or income, with a minimum purchase level of $100."
Savings bonds are guaranteed by the province and are available only to Saskatchewan residents. The interest rate will never drop below the initial rate, but may increase depending on market conditions. Investors can redeem the bonds annually for the full amount, plus interest, with no penalty. The maximum purchase level is $200,000 per bond holder.
Series 18 bonds will be available at local credit unions, chartered banks, trust companies, investment dealers and authorized agents throughout the province. The interest rate will be announced just prior to the June sales period.
Series 13 SSBs are maturing July 15, 2009. No interest will be earned after this date. Bond holders have the option of either cashing in their bonds or reinvesting in Series 18 SSBs.
Provincial residents currently hold $247.2 million in SSBs.
For more information, contact: