QUÉBEC, April 29, 2016 /CNW Telbec/ - The Ministère des Finances du Québec today announces that the sales campaign for the June 1, 2016 issue of Québec Savings Bonds begins May 2, 2016. These bonds are redeemable at any time without penalty and will bear interest at 1.10% until May 31, 2017. Thereafter, the interest rate will be set annually according to market conditions.
At the same time, the Ministère des Finances announces that the rate on outstanding Québec Savings Bonds will be set at 1.10% as of June 1, 2016 and will remain in force until May 31, 2017.
Savings and retirement products issued by the Québec government are offered by Épargne Placements Québec with no management or administration fees. They are flexible and safe investment vehicles that enable Quebecers to grow their savings while contributing to the development of Québec.
These products are eligible for the Investment Savings, TFSA, RRSP, RRIF, LIRA and LIF accounts. They can be obtained by calling an Épargne Placements Québec investment officer at 1 800 463‑5229, Monday through Friday, 8 a.m. to 8 p.m.
For more information, you can also visit the Épargne Placements Québec website, at www.epq.gouv.qc.ca.
SOURCE Ministère des Finances
For further information: Jacques Delorme, Media Relations Officer, Direction des communications, 418 528-7382