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Program benefits
With some investments, you might make money or you might lose money.
With the Canada Savings Bond, you get your money back, plus more.
Guaranteed. It's fully backed by the Government of Canada, and perfect for
the secure portion of your financial portfolio. After all, you don't
roll the dice and hope for a good future. You plan for it.
Pay yourself first:
The
CSB provides a "jump start" to financial savings. You will like the fact
that money is deducted before you see it, so you never miss it, and your
savings soon begin to add up.
Low purchase minimum:
You may contribute as little as $2 per weekly pay period per plan, or $8
per monthly pay period. Your purchases earn interest daily at
competitive rates from the date we receive the funds. You pay absolutely
no fees to purchase, hold or redeem your bonds.
Safe and Secure: CSBs are part of the safe and secure portion of
any financial portfolio. There is no need to be concerned about market
volatility since the Government of Canada fully backs both the principal
and the interest.
RRSP option:
One of the best way to prepare for your retirement is to invest in an
RRSP.
If your employer makes this available to you, your purchases in The
Canada RSP will benefit you immediately with daily interest, guaranteed
returns and tax-sheltered growth. The Payroll Savings Program allows you
to purchase the CSB directly in this no-fee Retirement Savings Plan.
Easy to sign up:
You sign up once and bond purchases are automatically deducted from each
pay. There is no need to sign up again in the future.
Up to date information:
You can make transaction inquiries, request redemptions, and check Plan
balances at virtually any time through secure online access at
www.mybonds.gc.ca. You can also have your questions answered by
calling the toll-free Customer Information line at 1 877 899-3599
(Monday to Friday, 8 am to 8 pm, Eastern Time).
Changes:
It’s as easy as completing a Payroll Deduction Change Form to increase
or decrease your deduction amount during the Campaign time. If you
contribute to several plans and wish to change your payroll deduction
amount, please call toll-free 1 877 899-3599, Monday to Friday, 8 am to
8 pm (ET) in order to inform Customer Service of the new amount to be
allocated to each plan, otherwise the new deduction amount will
automatically be pro-rated across each of the plans. You may suspend
your payroll deduction at any time.
Easy to redeem:
You can redeem some or all of your CSBs directly through secure online
access at
www.mybonds.gc.ca. If you do not have internet access, you can use
our toll-free phone service at 1 877 899-3599 and either use the
automated service option or speak to a Customer Service Representative.
Requested funds will be deposited directly to your bank account within
three business days, while any remaining balance will continue to earn
interest.
Instant portability:
If you leave your organization, you can simply arrange to continue
purchasing through deductions from your new employer (assuming it
sponsors the Payroll Savings Program). Call Customer Service toll-free
at 1 877 899-3599, Monday to Friday, 8 am to 8 pm (ET) to enquire about
other available options.
Annual statement:
A year-end statement is sent to bondholders, outlining how much has been
invested and the interest earned. A summary of all transactions during
the year is also included as well as the plan balance.
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