Canada Savings Bonds
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The Canada Savings Bonds issued by the Canada Government provide a safe and secure way of utilizing one’s money in order to fructify the investment as well as the savings plans that one has set The Canada Savings Bond or CSB, and the Canada Premium Bond or CPB, are the two types of bonds issued to the people. Those interested in earning rates of interest for their investments which is almost equivalent to the interests offered with other fixed income investments, and which is at the same time much more safer by virtue of its being issued by the Government of Canada through the Bank of Canada, may go ahead and purchase the Canada Savings Bonds.
The two types of Bonds circulated by the Canada Savings Bonds are offered to the general public who may buy either of the two available bonds, that is, the Canada Savings Bond and the Canada Premium Bond along with either a Registered Retirement Saving Plan (RRSP) or a Registered Retirement Investment Plan (RRIP) option from the Bank of Canada.
The rates of interest offered with the Canada Savings Bonds are competitive with the rates that are offered in the financial markets.
While there is a fixed minimum rate of interest offered with the CSB which is subject to increase in accordance with the performance of the financial markets, but never falling below the fixed rate. This particular type of the Canada Savings Bonds, has won the faith of the people of Canada over the past sixty years, and can also be purchased through the Payroll Deduction plans offered through a lot of employers, in addition to the ways stated above.
The Canada Savings Bonds CSB can be redeemed for cash throughout the year, whereas the Canada Savings Bonds CPB can only be exchanged for cash once a year, through the duration of a month commencing on the anniversary of the date of its issuance.
The Canada Savings Bonds issued Canada Premium Bond, has comparatively higher rates of interests attached with them, than the CSB at the time of issuance of the bonds. But these rates are not subject to changes through its term.
The Canada Savings Bonds are safe, secure as well as affordable as these may be purchased for as low as $100. The Canada Savings Bonds provide investment and savings solutions by offering ways to secure one’s future through the purchase of these Government issued bonds.
