BANKING & FINANCE - Nov. 3, 1992
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From Times Staff and Wire Reports
Savings Bond Rate Declines: The Treasury Department said U.S. Savings Bonds will earn interest at a rate of 5.04% for the next six months, the lowest since the government began selling variable-rate bonds in 1982. The new rate, in effect through April 30, is down from 5.58% during the last six months. However, bonds held for five years or more are guaranteed to yield a minimum of 6% annually. There had been speculation that the minimum would also be lowered, but it remained unchanged.
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