Look at Your Bank's CD Rate.
Then Look at Israel Bonds.
State of Israel
Variable Rate Issue Bond
7.50
0/0
Current Rate of Interest
(through May, 1992, for bonds purchased through April, 1992)
Bonds can be redeemed by employee benefit funds after 3 years,
others can redeem after 5 years — on 120 days notice.
Annual rate is a minimum of 7.50% phis half the excess of the average
prime rate over 7.50%. Interest will never fall below 7.50 0/0.
MATURrIT: SEPTEMBER 30, 2003
NILNIMUAI SUBSCRIPTION: $25,000
5-Year Bank CD
5,71
%
*National Average Stated Rate
January 8, 1992
Rate is based on account-opening minimums.
Source: Bank Rate Monitor
N. Palm Beach, Fl. 33408
Unlike CDs, Israel bonds are not FDIC insured.
Bet We
Can Peak
Your Interest.
If you invested in a five-year CD, you were probably
attracted by the interest rate. Maybe you should have
considered Israel bonds.
Israel's Variable Rate Issue Bond offers a minimum
annual rate of 7.50% — higher than the 5.71% national
average rate for five-year bank CDs. And when the average
prime rate goes above 7.50%, so does the rate of this Israel
bond. Like the bank CD, Israel's Variable Rate Issue Bond
can be redeemed after five years (this bond requires an
additional 120 days notice to be redeemed). Or, if you
prefer, you can continue to earn a minimum 7.50% interest
until September 30, 2003, when the bond matures.
Since Israel launched its bond program in 1951,
investors have purchased more than $12 billion in Israel's
securities. Last year alone, Israel bond sales approached
a record $1 billion. Investors have been attracted by Israel's
appealing bond interest rates and the nation's perfect
record of payment on principal and interest. What's more,
proceeds from Israel bonds go towards the nation's
continuing economic development.
Israel bonds can be included in an IRA or Keogh
account, as well as in personal portfolios.
This is not an offering, which can be made only by prospectus, a copy of which may be obtained from:
Development Corporation for Israel
29201 Telegraph Rd., Suite 324
Southfield, MI 48034
313-352-6555
2
FRIDAY, JANUARY 24, 1992
STATE OF ISRAEL BONDS