Minnesota Israel Bonds Committee
purchase bond
Image by Jewish Historical Society of the Upper Midwest
In May 1951, David ben-Gurion launched the sale of Israel Bonds in the U.S. at a rally in New York. Touring the US, calling on American Jews to purchase bonds to aid the financially strapped country, ben-Gurion met with overwhelming success. Over million was loaned to Israel by Americans in the first year of the drive. Bonds helped with infrastructure building and the settlement of Jewish refugees. Prominent Minnesotans in the leadership group included Ben Berger and Dr. Moses Barron

Date: 1951
Source: 8 x 10
Format: Black and white commercial photo
Subject: Politics and government; Mixed organizations
Coverage: Minneapolis; Hennepin; Minnesota; United States
Local Identifier: MHS557
Link to our record: http://reflections.mndigital.org/u?/jhs,502

From the Steinfeldt Photography Collection of the Jewish Historical Society of the Upper Midwest.

The Canada savings bond is offered by the government of Canada to investors from early October through April 1. These bonds were introduced in 1946 under the name “Victory Bonds” to serve as a viable and secure option for investors who wanted more security than mutual funds or stocks could offer. Before this time, however, Canada had trading instruments that were similar to Savings Bonds, such as the Canada Fourth Victory Loan of 1943 and the Canada-Dominion War Savings Certificate, issued in 1944.

What are the different types of CSBs?

1) The Canada Retirement Savings Plan (RSP): This is a no cost RRSP (registered retirement savings plan) implemented for carrying Canada Premium and Canada Savings Bonds.
2) The Canada Premium Bond: This provides a fixed rate of return in regular and compound interest.
3) The Canada Retirement Income Fund (RIF): This is no cost fund implemented for carrying the Canada Premium and Canada Savings Bond.

The Canada Savings Bond and the Canada Premium Bond are very similar; however the Savings Bond can be cashed at any time of the year, while the Premium is cashable only one time a year. Either bond can be purchased with a registered retirement savings or a retirement income fund. Premium bonds will always have a higher interest rate than those of Savings bonds sold at the same time. They can be purchased in compound interest form or simple interest form, and one kind can be exchanged for the other at any time.

Why are the Canada Savings Bonds popular?

One reason that Canada Savings Bonds are popular is the security they offer to investors. Since they are backed by the government, they make an excellent addition to the secure portion of any portfolio. In addition, Canada Savings Bonds have a guaranteed interest rate: they can increase along market lines, but never fall below a stated percentage for each investment period. They are an affordable option for almost everyone, with prices as low as 0.

Who is eligible to purchase these and where can these be bought?

The Canada Saving Bond, which is available only to Canada residents, can be purchased on-line, on the phone, in person at a bank or from an investment broker during its six-month enrollment period. It can even be acquired through a direct payroll deduction, making them accessible to just about everyone in the country. And, there is no brokerage fees involved in purchasing a Canada Savings Bond. With millions of Canadian investors purchasing bonds every year, the security of these bonds will continue to strengthen portfolios of investors around the country.

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