The new interest rate for the next six months will be 2.5% for Variable-Rate Ontario Savings Bonds (OSBs), series 1997 through 2003.

Variable-Rate OSBs have been issued every year since 1996. The variable rates are reviewed and re-set every six months according to prevailing market conditions.

Ontario Savings Bonds are backed 100 per cent by the Province of Ontario and can only be purchased by Ontario residents.

Bonds are sold at banks, trust companies, caisses populaires and through investment dealers across the province.