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What is the Canada Savings Bond?

April 26, 2017anglais Bond English ins?rer insert LES mots-cl?s savings

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What is the Canada Savings Bond?

1 Answer

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Canada Savings Bonds were created in 1946 by the Government of Canada to help Canadians reach their savings and investment goals. Canada Savings Bonds now include two types of products: the Canada Savings Bond (CSB) and the Canada Premium Bond (CPB). The Canada Savings Bond, with guaranteed returns and the option of redeeming at any time, gives you both maximum flexibility and security. The CSB is fully backed by the Government of Canada.While the Canada Savings Bond has a ten-year term to maturity, interest rates are often announced for a shorter period and remain in effect for that announced period. At the end of the period, new rates will be announced by the Minister of Finance based on the prevailing market conditions. Interest rates on the Canada Savings Bond, however, can be increased at any time should market conditions warrant.