Types of CSBs
Canada Savings Bonds are purchasable in regular and compounding interest. These bonds are cashable at any time and come in denominations of $100, $300, $500, $1000, $5000, and $10000 (regular interest bond's lowest denomination is $300). Interest rate is guaranteed for 1 year and fluctuate with market conditions for the remaining 9 years until its maturity. They are green, and picture the Peace Tower of the Parliament building in Ottawa. The new series as of November 1, 2006 picture the Cenotaph in Ottawa.
Canada Premium Bonds are purchasable in regular and compounding interest. These bonds differ from the regular bonds in that they are only cashable on the anniversary of the issue date or during the 30 days thereafter. They come in denominations of $100, $300, $500, $1000, $5000, and $10000. They are sold with rates up to year 3 with each subsequent year offering higher interest. The interest rate fluctuates for the remaining 7 years with market conditions until its maturity. Previously, the rates were determined for 5 years and fluctuated for the last 5 years. The bonds were maroon in colour and feature a picture of the Library of Parliament in Ottawa. But the new series as of November 1, 2006 are golden in colour and picture the Canadian War Museum.
Canada Investment Bonds were bonds available only through investment brokers and were offered from October 1, 2003 and April 1, 2004. They are non-redeemable until maturity and had 3 year maturities. Only 6 different series were issued. They are currently unavailable.
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