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Buy Ontario Savings Bonds Until June 21

Archived News Release

Buy Ontario Savings Bonds Until June 21

Interest Rates Announced for 2018

Ministry of Finance

Ontario Savings Bonds are now on sale until June 21, 2018 — a safe, secure and flexible investment.

Available to everyone in Ontario, the bonds can be purchased in amounts from $100 up to $1 million. They offer the flexibility of annual or compound interest, with three-, five-, and 10-year terms, at fixed, step-up or variable rates.

The interest rates for the 2018 series are:

  • Five-year Step-Up Bond:
    • 1.50 per cent this year
    • 1.80 per cent in the second year
    • 2.15 per cent in the third year
    • 2.30 per cent in the fourth year
    • 2.55 per cent in the fifth year
  • Fixed-Rate Bonds:
    • 2.10 per cent for the three-year Fixed-Rate Bond
    • 2.85 per cent for the 10-year Fixed-Rate Bond
  • Three-year Variable-Rate Bond: 1.65 per cent for the first year

The interest rate on the new Variable-Rate Bond is effective from June 21, 2018 to June 20, 2019. The interest rate on the 2016 and 2017 Variable-Rate Bonds was also reset today at 1.65 per cent and is effective from June 21, 2018 to June 20, 2019.

Quick Facts

  • OSBs are attractive to investors because the buyer pays no fees to purchase them and their principal and interest are both fully backed by the province.
  • Only Ontario residents can purchase OSBs through banks, trust companies, credit unions, caisses populaires and investment dealers.
  • OSB interest rates are based on current economic conditions and market trends.

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