Saskatchewan Savings Bonds have a five year term.  The interest rate applicable to each outstanding series of SSBs is shown below.  The rate will never drop below the minimum rate for the series.

Saskatchewan Savings Bonds pay interest annually on July 15. Interest will be paid by direct deposit only, unless, “interest by cheque” is specified by the bondholder. T5 tax slips will be mailed in July with the cheque or deposit advice.

Saskatchewan Savings Bonds do not earn interest after their maturity date.  The last interest payment and maturity dates for Series 1 to 15 were:

• July 15, 1997 for Series 1;
• July 15, 1998 for Series 2;
• July 15, 1999 for Series 3; 
• July 15, 2000 for Series 4;
• July 15, 2001 for Series 5;
• July 15, 2002 for Series 6;
• July 15, 2003 for Series 7;
• July 15, 2004 for Series 8;
• July 15, 2005 for Series 9;
• July 15, 2006 for Series 10;
• July 15, 2007 for Series 11; 
• July 15, 2008 for Series 12;
• July 15, 2009 for Series 13;
• July 15, 2010 for Series 14; and
• July 15, 2011 for Series 15.
   

Owners of matured bonds should take them to a Saskatchewan financial institution to receive payment for the principal amount of the bond(s).