What Is a Canada Savings Bond?
A Canada Savings Bond is a financial investment instrument that is issued and guaranteed by the Canadian government. These bonds are offered for sale each year between October and April. Canada Savings Bonds can be purchased in various denominations and are redeemable at any time of the year. These bonds are available in compound or regular interest and offer a guaranteed rate of interest for one year from the purchase date. After the first year, the interest rate on this bond varies until the maturity date.
