Discontinuation of Canada Savings Bond sales - Nov 2017

by Affinity Credit Union | Apr 10, 2017

As part of the recently released federal budget, the Government of Canada announced that it will discontinue the sale of Canada Premium Bonds (CPBs) and Canada Savings Bonds (CSBs) effective November 2017.

What does this mean for you?

  • Your bonds (principle and interest) are safe, guaranteed and will be honoured at the time of redemption or maturity.
  • Your unmatured bonds will continue to earn interest until redemption or maturity - whichever comes first.
  • Maturity notices will continue to be mailed to bond owners in September.
For more information regarding the Canada Savings Bond Program, visit csb.gc.ca.

If you have any questions, stop by an Affinity advice centre or give us a call at 1.866.863.6237 .