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Canada Premium Bonds come off the presses at the Canada Bank Note Company in Ottawa.
Canada Premium Bonds come off the presses at the Canada Bank Note Company in Ottawa.

How do savings bonds work?

How to buy savings bonds Add to ...

You can buy Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs) only at certain times of the year. Check the Canada Savings Bonds website to find out when they're available. 

5 quick steps

1.    Decide how much to invest

The minimum amount is $100 for compound-interest bonds and $300 for regular-interest bonds. 

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2.    Choose a CSB or CPB

You can cash in CSBs and CPBs at any time. However, when you cash in a CPB, you earn interest only up to the last anniversary date of the bond. Since CSBs earn interest to date, if you want more flexibility to get your money out, CSBs may be a better choice. 

3.    Decide if you want them inside a TSFA, RRSP or RRIF

You will have to set up a self-directed account at a financial institution or investment firm. 

4.    Decide where and how to buy

You can buy CPBs in person at a financial institution or investment firm, over the phone or online. Pay by cheque or transfer from a bank account. You can buy CSBs through a payroll savings plan (if your employer offers one). 

5.    Find out how to get your certificates

If you buy your bonds through a financial institution, you can pick up your certificates where you bought the bonds or have them mailed to you. If you buy your bonds through an investment firm or payroll savings plan, you won't get a certificate.

Where to buy savings bonds

CPBs can be purchased from:

  • banks and trust companies

  • credit unions, and caisses populaires

  • investment firms

  • directly from Canada Savings Bonds:

  • call toll-free at 1-888-773-9999

  • online

CSBs can be purchased from:

  • work – if your employer offers a payroll savings program

Learn more: Visit the Canada Savings Bond website for more information on how to buy savings bonds.

Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca


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