Ottawa, October 3, 2011
2011-090
The Government of Canada today launched the 2011 Canada Savings Bonds (CSB) sales campaign, which will continue until December 1, 2011.
CSB Series 128, which can be purchased through the payroll savings plans of approximately 11,500 participating employers across Canada, will be sold today through November 1, 2011, inclusively. Employees can change their contributions or set up new payroll plans by going online at csb.gc.ca.
Canada Premium Bond (CPB) Series 78 and CSB Series 128 can also be purchased today until November 1 by phone toll-free at 1-888-773-9999 (Monday to Friday, 8 a.m. to 8 p.m. Eastern Time), wherever Canadians bank or invest in Canada, or online at csb.gc.ca.
The next available series for certificated CPBs and CSBs are expected to be on sale from November 2 to December 1, 2011, inclusively. As in the past, the Minister of Finance reserves the right to terminate sales at any time.
Additional Information
The CPB interest rates, posted for years one through three, are guaranteed and may be increased up until the issue date if market conditions warrant. Once the issue date has passed, no changes to the posted interest rates will be made.
The CSB interest rate, posted for a one-year period, is guaranteed and may be increased during this period if market conditions warrant.
Canadians should be aware that while the CPB and the CSB have a 10-year term to maturity, interest rates are typically announced for a shorter period and remain in effect for that announced period. At the end of that period, new rates will be announced by the Minister of Finance based on prevailing market conditions.
To view the rates for CPB Series 78 and CSB Series 128, go to csb.gc.ca.
If you are interested in receiving more information on CPBs or CSBs, visit csb.gc.ca or subscribe to the automatic e-mail notification service through the “E-Newsletter” link found on the main page of the csb.gc.ca website.
For further information, media may contact:
Jack Aubry
Media Relations
Department of Finance
613-996-8080
Jeremy Harrison
Bank of Canada
613-782-8782
