Press Release
Ontario Savings Bonds (OSBs) are on sale until June 21–a safe, secure, and flexible investment fully backed by the province.
OSBs help people across the province invest in their communities.
Funds raised support infrastructure projects such as new hospitals, schools, roads, and bridges.
Available to everyone in Ontario, OSBs can be purchased in amounts starting from $100 up to $1 million.
They offer the flexibility of annual or compound interest, with three-, five-, and 10-year terms, in fixed, step-up, or variable rates.
The interest rates for the 2017 series are:
Five-year Step-Up Bond
•0.60 percent this year;
•0.80 percent in the second year;
•1.05 percent in the third year;
•1.30 percent in the fourth year; and
•1.65 percent in the fifth year.
Fixed-Rate Bonds
•1.00 percent for the three-year Fixed-Rate Bond; and
•2.15 percent for the 10-year Fixed-Rate Bond.
Three-year Variable-Rate Bond
•0.65 percent for the first year.
The interest rate on Variable-Rate Bonds is effective from June 21, 2017 to June 20, 2018.
The interest rate on Variable-Rate Bonds for the 2015 and 2016 series also was reset last week at 0.65 percent, and is effective from June 21, 2017 to June 20, 2018.
OSBs can be purchased through banks, trust companies, credit unions, caisses populaires, and investment dealers.
These bonds are attractive investments because buyers don’t have to pay fees to purchase them, and the principal and interest both are fully backed by the province.
Interest rates are based on current economic conditions and market trends.
