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Show Series H Bond Buyers May Earn Additional Interest ! Some half-million Americans i who own Scries II Savings Bonds I bought between June, 1952 and 1 January, 1957, are in for a nice surprise one that will bring extra money into their pockets. Francis V. Beter.son, Manager, First Security Bank of Cedar City, Ci-ty, and County Savings Bonds Chairman, calls attention to a1 recent change in Treasury regu-1 lations permitting owners of i these maturing H Bonds to continue con-tinue holding them for an additional addi-tional 10 years at a higher rate of Interest a straight 3-34 per cent annually. Mr. B.lenson pointed out that these H Bonds were origin- j ally issued to pay an average of 3 per cent annually for the nine-year, nine-year, fight-month life of the bond. "In 1959, this rate was increased in-creased so as to bring the final yields to maturity up to a range of 3.12 per cent to 3.3G per cent. Under new regulations, these particular bonds, the first of which matures in February, 1962, will return in semi-annual inter- est checks a straight 3-34 per cent interest during the extension exten-sion period. "Holders of these Series II Saving Bonds will be notified by the Treasury of the extension privileges granted them when they receive their next to last interest check. Owners will not have to do anything about extending ex-tending their H Bonds. This is automatic. As long as the II Bond is not redeemed, the owner will continue to draw semi-annual interest checks at the new, higher rate of 3-3, 4 per cent interest in-terest for a full ten years." |