Dwight D. Eisenhower photo

Statement by the President on the Increase in Interest Rates for Savings Bonds.

September 22, 1959

THIS MORNING I signed a bill authorizing an increase in the interest rates on all United States Series E and H Savings Bonds.

Later, in approving the recommendations of the Secretary of the Treasury for a rate of 3 3/4 %, I stated:

"To my mind there is no better way of saving, no more effective way of strengthening our power for peace, than to own United States Savings Bonds.

"To buy these bonds is to express faith in America.

"It helps provide the economic strength in both our Government and in individual families on which our freedom depends.

"I hope that the making of both old and new Savings Bonds even more attractive will serve as a renewed invitation to every citizen to buy and hold these 'shares in America.'"

Note: As enacted, the bill (H.R. 9035) is Public Law 86-346 (73 Stat. 621).

Dwight D. Eisenhower, Statement by the President on the Increase in Interest Rates for Savings Bonds. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/234272

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