To best meet your investment needs, we offer three types of Ontario Savings Bonds.
All are available with annual or compound interest.
- Fixed-Rate - Choose a term of 3 years, 7 years, or 10 years and
keep the same competitive rate for the full term.
- Step-Up Rate - Competitive interest rate increases each year for its
5-year term.
- Variable-Rate - A new rate is set every year for three years.
Note:
The
rate on the 2009 and 2010 Variable-Rate Bond is also reset annually. The rate on the
Variable-Rate bonds issued prior to 2009 continues to be reset every six months, on
June 21 and December 21, until their respective maturity date.