Terrace Bay Public Library Digital Collections

Terrace Bay News, 13 Oct 1977, p. 24

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PAGE 24 TERRACE BAY NEWS OCTOBER 13, 1977 A GREAT CHOICE This year, Canada Savings Bonds offer you a great choice. There's a new Regular Interest Bond that pays interest each year. And a new Compound Interest Bond thatre-invests your interest automatically, earning interest on your interest. SAFETY, INSTANT CASH AND A GOOD RETURN Both new bonds retain the great features that have helped to make Canada Savings Bonds the favourite investment for millions of Canadians over the past 31 years. They're a safe, secure investment. They're instant cash anytime. And they earn good interest ---- year after year. New Canada Savings Bonds are dated November 1, 1977 and yield an average annual interest of 8.06% when held to maturity in 1986. Each new bond begins with 7% interest the first year and earns 8.25% interest for each of the remaining 8 years. . . REGULAR INTEREST BOND If you want a regular annual income from your investment, you'll like the new Regular Interest Bond which pays interest automatically-each Nov. Ist. You have the choice of receiving your _ interest either by.cheque or by direct deposit into your chequing or savings account. This new direct deposit feature is an added convenience for you. TWO N YA SAVINGS BOND + You can buy the Regular Interest Bond for cash wherever you bank or invest in denominations of $300, $500, $1,000 and $5,000. COMPOUND INTEREST BOND If you seek savings growth, or an investment for the future, or a retirement fund, you'll choose the new Compound Interest Bond. After the first year you will earn interest on your interest at the annual rate of 8.06%. Interest on this bond is left to accumulate and is payable only upon redemption or at maturity. ; i Here's how the value of a $100 bond grows: Nov. 1 Value Nov. 1 Value 1978 $107.00 1983 $158.78 1979 $115.81 1984 $171.77 ° 1980 ' $125.34 1985 $185.81 1981 $135.63 1986 $200.97 1982 $146.76 The Compound Interest Bond may be. © purchased for cash or on the convenient Monthly Savings Plan wherever you bank or invest. It is available in denominations of $100, $300, $500, $1,000 and $5,000. 4 THE CHOICE IS YOURS As you can see, new Canada Savings Bonds offer you a great choice -- the Regular Interest Bond and the Compound Interest Bond. Both new bonds are on sale now up to a combined total purchase limit of $15,000. They _ have been specifically designed to meet your savings goals. Choose the one that's right for you. RO6% Annual i 3 to Maturity COMPOUND INTEREST OR REGULAR INTEREST _ & |!

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