Canada Savings Bond(redirected from Canada Savings Bonds)
Also found in: Acronyms.
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.