Interest Rate Holds Steady for Variable-Rate Ontario Savings Bonds
Ontarians Making Secure Investments in Their Own Province
The interest rate for the Variable-Rate Ontario Savings Bonds (OSBs) will remain at 1.25 per cent for the next six months.
This rate applies to Variable-Rate Bonds purchased from 2006 to 2008. The rates are reviewed and reset every six months. The next update will be on June 21, 2013.
Variable-Rate Bonds are one of three Ontario Savings Bond investment options that are available annually during the first three weeks of June. The Fixed-Rate and Step-Up Ontario Savings Bonds are not affected by this interest rate change.
- Ontario Savings Bonds are available in three types — Fixed-Rate, Step-Up Rate and Variable-Rate — with annual or compound interest.
- Ontarians can purchase Ontario Savings Bonds in amounts ranging from $100 up to $1million.
- Both principal and interest are backed 100 per cent by the province of Ontario.
- Ontario Savings Bonds can be purchased from banks, trust companies, credit unions, caisses populaires and through investment dealers.
“Ontario Savings Bonds are a great option for investors because they provide a safe and secure choice. They also contribute to delivering on key government initiatives that matter to Ontarians like building a stronger healthcare system, strengthening education and long-term infrastructure investments.”