When can I cash my savings bonds?
For CSBs: If you cash your CSB within three months of buying it, you'll get your money back, but you won't make any interest. After three months, you get to keep the interest as well.
For CPBs: You can cash the bond only on the anniversary of the date the bond was issued or during the following 30 days. You'll get interest up to the anniversary date. You cannot cash the CPB during the rest of the year.
How do I cash in a savings bond from a bank?
- Take your certificate to a bank, along with personal identification (ID).
- You can take your money back as cash, or deposit it into your bank account.
How do I cash in a savings bond from a payroll savings plan?
- Go to the website and access your online account.
- Call the Employee Information Line for payroll savings plans, toll-free at 1-877-899-3599.
- Either way, you can arrange for the money to go directly into your bank account.
Remember: There are rules about cashing in savings bonds
Make sure you understand what will happen if you cash yours in early. Sometimes waiting 30 days can mean you will get more money.
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.
