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Friday, July 27, 2007

Retail Treasury Bonds (RTB9)

The Department of Finance early this week informed the public that they are selling Retail Treasury Bonds for a 3-year and 5-year period. Compared to commercial bank’s time deposits, Retail Treasury Bonds have higher interest rate (6+% for the 3-year and 7+% for the 5-year period). Not only you’re earning but you are also helping the economy and the government.

I think RTB is much safer than the stock market. You may check the Department of Finance website for the complete details and list of authorized selling banks.

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