Canada Savings Bond

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Canada Savings Bond

A savings bond offered by the Government of Canada and guaranteed by the Bank of Canada. Originally offered in 1946 as a Victory War Bond, a CSB pays a low, but safe, interest rate. The interest rate at which a CSB is offered is guaranteed for one year, and then fluctuates according to prevailing interest rates. A CSB is redeemable for cash at any time, but usually has a maturity of 10 years. See also: Canada Premium Bond.
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They realize that there are alternatives to the GICs and Canada Savings Bonds which formed the bulk of their portfolio.
7 percent own Canada Savings Bonds or T-bills, compared to 25.
One in four women owns Canada Savings Bonds or T-bills, the second-largest ratio in the country.

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