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Canada Savings Bond (CSB)

Canada Savings Bond (CSB)

What is 'Canada Savings Bond - CSB'

A financial product issued by the Bank of Canada. It offers a competitive rate of interest and guarantees a minimum interest rate.

Explaining 'Canada Savings Bond - CSB'

Canada Savings Bonds have both regular and compound interest features and are redeemable at any time.


Canada Savings Bond (csb) FAQ

How do I find out how much my Canada Savings Bond is worth?

To find the worth of your paper bond today: Click the 'Get Started' Link on the Savings Bond Calculator home page. Once open, choose the series and denomination of your paper bond from the respective drop down boxes. Enter the issue date that is printed on the paper bond. Click the 'Calculate' button.

How much does a $100 savings bond cost?

Series EE bonds can be purchased in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, or $10,000 for half of their face value; for example, a $10,000 EE bond would cost $5,000.

Can you still buy Canada Savings Bonds?

Canada Savings Bonds (CSBs) are no longer available for purchase as of November 2017. The bonds you own are safe, guaranteed and earns interest continuously until maturity or redemption, whichever comes first.

Why were Canada Savings Bonds discontinued?

"This decline in the program's popularity can be attributed to the proliferation of higher-yielding alternative retail investment instruments, such as government of Canada insured retail products," the budget documents said. Outstanding bonds will be honoured.

What can you do with Canada Savings Bonds?

How to Redeem: Log in to CSB Online Services and select Redemption from the left navigation menu. From the Redemption screen, select the Plan from which you want to redeem. Choose the bond series to redeem and enter the amount in that row. Select Continue. Review your redemption request and select Confirm.

Do Canada Savings Bonds expire?

Canada Savings Bonds (CSBs) are no longer available for purchase as of November 2017. The bonds you own are safe, guaranteed and earns interest continuously until maturity or redemption, whichever comes first.

Can you cash Canada savings bonds before maturity?

If your regular interest bond has not reached maturity, you should receive regular interest payments, until the maturity date has passed. If you redeem your regular interest bond before maturity, you will no longer receive interest payments.

Further Reading

Seasonality in Canadian treasury bond returns: An institutional explanationSeasonality in Canadian treasury bond returns: An institutional explanation
www.sciencedirect.com [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

The demand for liabilities of trust and mortgage loan companiesThe demand for liabilities of trust and mortgage loan companies
www.jstor.org [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

The market value of Government of Canada debt: a comment on the importance of correct valuation of non-marketable debtThe market value of Government of Canada debt: a comment on the importance of correct valuation of non-marketable debt
www.jstor.org [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

The demand for money in Canada: A cointegration analysisThe demand for money in Canada: A cointegration analysis
www.tandfonline.com [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

Money demand in CanadaMoney demand in Canada
papers.ssrn.com [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

Savings bonds, retractable bonds and callable bondsSavings bonds, retractable bonds and callable bonds
www.sciencedirect.com [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …

The demand for long-term deposits of a financial intermediary: Theory and evidenceThe demand for long-term deposits of a financial intermediary: Theory and evidence
www.sciencedirect.com [PDF]
… R90 is used in many Canadian money demand studies as a “representative” interest rate … Variables Regression with I(1) Processes”, Cowles Foundation for Research in Economics, Yale University … CSB -- Canada savings bonds outstanding, end of month, Cansim # B2406 …


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Section 508