F O R Y O U R I N F O R M A T I O N
2000 U. S. SAVINGS BOND CAMPAIGN
The County of Los Angeles’ 2000 U. S. Savings Bond Campaign is scheduled for July 18, 2000 through August 31, 2000.
Saving for the Future can be Tough…
It has always been hard to set money aside for the future, and it’s certainly not getting any easier. Monthly bills, unexpected expenses, and impulsive purchases are all reasons why the average American only saves four cents out of every dollar they earn.
Or it Can be Automatic…
Make your savings automatic. Sign up for the Payroll Savings Plan today. There’s more than one way to build a future with Payroll Savings. You can choose to invest the new Series I Bonds (One Time Purchase Option) with a fixed rate of interest (now 3.6%) above inflation, whatever that may be, for the 30-year life of the Bond. The current semi-annual composite rate is 7.49%, a terrific rate for any savings instrument. This rate is effective through October 31, 2000. These bonds are sold at full face value, and come in denominations ranging from $50 to $10,000.You may also choose to invest in the traditional Series EE Bonds. Series EE Bonds are sold at half their face value and earn rates based on the market returns of 5-year Treasury securities. Series EE bonds are sold at face value in denominations ranging from $100 to $1,000 and the current rate of return is 5.73%. This rate is also effective through October 31, 2000.
ONE-TIME/GIFT PURCHASE
You may also purchase U.S. Savings Bonds as a One-Time/Gift Purchase with a check or money order payable to the Federal Reserve Bank. Need that perfect baby shower, wedding, graduation, anniversary or any other special event gift? Give them a U.S. Savings Bond!Think a little from each paycheck won’t make a difference? Think Again!
The Payroll Savings Plan is an easy way to save your money with U.S. Savings Bonds. Designated Savings Bonds deductions are automatically directed toward the purchase of U.S. Savings Bonds. These payroll deductions are designed to fit personal budgets, so the money is never missed. Los Angeles County employees can start saving for the future with Series EE bonds which can be purchased through monthly payroll deduction for as little as $12.50 per month.
For more information and forms, contact your 2000 Savings Bond Coordinator, Virginia Reyes, at (213) 351-5503, or you may log on to
/ / CONTACT:Bobbie Nix (213) 351-5506
APPROVED:______
Cathy Robinson, Acting Division Chief