QUÉBEC, April 29 2011 /CNW Telbec/ - The Ministère des Finances du
Québec today announced that the sales campaign for the June 1, 2011
issue of Québec Savings Bonds will begin May 2, 2011. These bonds are
redeemable at any time without penalty and will bear interest at 1.50 %
until May 31, 2012. This rate may be raised during the sales period by
market conditions change, but it can never be lowered. Thereafter, the
interest rate will be set annually depending on market conditions.
The Department also announced that the rate on outstanding Québec
Savings Bonds will be raised to 1.50 % as of June 1, 2011. It is
currently 1.25 %. The new rate will be in force until May 31, 2012.
Savings and retirement products issued by the Québec government are safe
and flexible investment vehicles that offer good returns, allowing
Quebecers to have their money work for them while contributing to the
development of Québec.
These products are eligible, without fees, for the various accounts
offered by Épargne Placements Québec, namely the Investment Savings
Account, TFSA, RRSP, RRIF, LIRA and LIF. They are available from
Épargne Placements Québec by contacting an investment officer at 1 800
463-5229, Monday through Friday, from 8 a.m. to 8 p.m.
For more information, you can also visit the Épargne Placements Québec
Web site at: www.epq.gouv.qc.ca.
SOURCE Ministère des Finances
For further information:
Media Relations Officer
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