Ottawa, October 7, 2013
2013-129
The Government of Canada today launched the 2013 Canada Savings Bonds Program sales campaign, which runs from October 7, 2013 until December 1, 2013.
Canada Savings Bonds (CSBs) are offered exclusively through the Payroll Savings Program. Over 10,500 employers across Canada participate in this program, enabling nearly 900,000 Canadians to save for their financial goals through payroll deductions.
The term to maturity of all new Canada Savings Bonds issued is three years. The Minister of Finance reserves the right to terminate sales at any time.
Canadians wishing to purchase Canada Savings Bond series S131 though the Payroll Savings Program may consult the Canada Savings Bonds Program website for further details.
Canada Premium Bonds (CPBs) will be available for sale through financial institutions and dealers. Canada Premium Bonds feature a cashability option allowing Canadians the flexibility to redeem their bonds throughout the year with interest earned up to the last anniversary date of issue. This feature provides flexibility to help Canadians access to their savings with great ease and frequency.
The term to maturity of all new Canada Premium Bonds issued is three years. The Minister of Finance reserves the right to terminate sales at any time.
Canada Premium Bond series P82 can be purchased today until November 1, 2013 where you bank or invest, or by phone toll-free at 1-888-773-9999 (Monday to Friday, 8 a.m. to 8 p.m. Eastern Time). Canada Premium Bond series P83 will be on sale from November 2 to December 1, 2013, inclusively.
Interest rates on Canada Premium Bonds and Canada Savings Bonds are guaranteed and may be increased if market conditions warrant.
To view the rates for Canada Premium Bond series P82 and Canada Savings Bond series S131, visit the website.
