News Release
April 26, 2006
Finance - 331
SAVINGS BONDS AVAILABLE JUNE 10TH-26TH
Series 15 Saskatchewan Savings Bonds (SSBs) will be available for purchase June 10th – 26th. "This is a popular investment program with a competitive interest rate that offers a safe and secure choice for Saskatchewan people," Finance Minister Andrew Thomson said. "The bonds are also 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 15 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 10 SSBs are maturing July 15th, 2006. No interest will be earned after this date. Bond holders have the option of either cashing in their bonds or reinvesting in Series 15 SSBs. "Since they were introduced 14 years ago, Saskatchewan Savings Bonds have proven to benefit both the Province and its residents by reducing our out-of-province borrowing and ensuring all interest paid on the bonds stays right here," Thomson said. During last year's campaign, Saskatchewan residents purchased over $150 million worth of SSBs. Provincial residents currently hold $365 million in SSBs. Anyone with questions about any series of SSBs can call 1-800-667-4000 or e-mail saskbond@finance.gov.sk.ca. More information is also available online by clicking on the Saskatchewan Savings Bond link at www.gov.sk.ca/finance.-30-
For More Information, Contact:
| Vanessa Gooliaff Beaupre Finance Regina Phone: (306) 787-8109 |