First issued in 1946, Canada Savings Bonds are bond investments that are offered to Canadians via the government of Canada. Canadians readily identify with Canada Savings Bonds as a method of investment as every year between October and April, nearly one million Canadians sign up for CSBs through a payroll savings program.
Canada Savings Bonds are an attractive savings tool for young Canadians. The bonds can be purchased in denominations ranging from $100 to $10,000. The bonds carry a guaranteed interest rate for the first year. After the first year the interest rate is set according to market conditions for the final nine years till maturity.
Canada Premium Bonds like regular Canada Savings Bonds can be purchased with compounding and regular interest. These types of CSBs can only be cashed in the anniversary month of the bond’s purchase.
66 per cent of Canadians identify Canadian Savings Bonds as their first ever investment.
Website by WhiteBark Innovations | Privacy Policy