Secure your future and maintain your present flexibly with Canada Savings Bond…
Canada Saving Bonds are investment instruments offered by the Government of Canada on sale between October and April every year. Unlike a true marketable bond, Canada Savings Bonds or CSBs are debentures. The financial product is issued by the Bank of Canada and claims to offer a competitive rate of interest and has a guaranteed minimum interest rate. There are different types of such bonds like Canada Saving Bond, Premium Bond and Investment Bonds. Canada Saving Bonds are purchasable in regular and compounding interest. Canada Premium Bonds are purchasable in regular and compounding interest. Canada Investment Bonds were bonds available only through investment brokers and were offered from October 1, 2003 and April 1, 2004. They are non-redeemable until maturity and had 3 year maturities.
How to buy Canada Savings Bonds? It is very easy….
You can buy CSBs at most banks where you carry on your bank transactions, credit unions, or trust companies across Canada, as well as through most full-service investment dealers and discount brokerage companies. Online Buying Facilities and Phone buying facilities of such bonds are also available. If your employer participates in the Payroll Savings Program, you can purchase CSBs at your place of work. Talk to your employer to find out more. New Canada Savings Bonds were due to be sold from next week onwards, but the federal Finance Department told that the sales campaign had been postponed.
Easy Canada Savings Bond redemption…
Redemption of the certificated Canada Savings Bonds can be done by presenting the certificates and proper identification at most financial institutions in Canada.
