BANKING & FINANCE - Nov. 2, 1994
From Times Staff and Wire Reports
U.S. Savings Bond Interest Rate Rises: The rate for the next six months will be 5.92%, up from 4.7%. The figure, adjusted twice a year for market conditions, will be in effect through April 30 for Series EE bonds, the Treasury Department said. Bonds purchased since Nov. 1, 1982, and held at least five years earn either the average of semiannual rates during the holding period or the minimum rate in effect at the time they were purchased, whichever is higher. Bonds issued since March, 1993, have a minimum rate of 4%.
