Canada Savings Bond Interest Rate
Canada savings bonds were available in regular interest which paid the interest directly to the bond holder and compounding interest which added to interest to the principal for the purpose of future interest calculations only paying when the bond was redeemed.
Canada savings bond interest rate. Repriced rates december series. A financial product issued by the bank of canada. Selected benchmark bond yields are based on mid market closing yields of selected government of canada bond issues that mature approximately in the indicated terms. Canada savings bonds csbs are no longer available for purchase as of november 2017.
The interest rate was guaranteed for 1 year and could fluctuate with market conditions for the remaining 9 years until its maturity. Refer to the questions and answers to find out more. Find interest rates for canada premium bond cpb and canada savings bond csb a list of maturing bond series and historical interest rates for unmatured and matured series. Canada savings bond csb.
They were available in denominations of 100 300 500 1 000 5 000 and 10 000 by comparison. A regular interest bond s lowest denomination is 300. Alert triangle matured bonds no longer earn interest and should be redeemed as soon as possible. Funds held in the canada rsp and rif plans will stop earning interest in 2021.
The bond issues used are not necessarily the ones with the remaining time to maturity that is the closest to the indicated term and may differ from other sources. Canada savings bonds came with both regular and compound interest features and were redeemable at any time. Canada savings bonds csbs and canada premium bonds cpbs are no longer available for purchase but the bonds you already own are safe and guaranteed. Canada savings bonds and canada premium bonds rates announced news release the department of finance today announced interest rates for canada savings bond csb series 120 and canada premium bond cpb series 70 which will be on sale october 5 2009 until november 1 2009 inclusive.
Matured csb interest rates s92 interest rates for matured canada savings bonds.