Savings bonds are readily cashable, but there are some rules. The rules are different for Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs).
When you can cash in savings bonds
You will always get back the original amount you invested, no matter when you cash in your bonds.
- If you cash in a CSB within 3 months of buying it, you won’t earn any interest. After 3 months, you'll get any interest earned to date.
- You can cash in a CPB only on the anniversary of the date the bond was issued or during the following 30 days. You’ll get any interest earned up to the anniversary date. You cannot cash in the CPB during the rest of the year.
- If you hold your bond until the end of its 10-year term, you'll get any interest earned to date.
- When you cash in regular-interest bonds, the interest earned will be since the last anniversary date. With compound-interest bonds, the interest earned will be since the issue date of your bond.
If you cash in your CSB within 3 months of buying it, you won’t earn any interest.
How to cash in savings bonds
1. Savings bonds bought as lump sum purchases
- Take your certificate to a bank, along with personal identification.
- You can get your money back in cash or have it deposited into your bank account.
2. Savings bonds bought through payroll savings plans
- Go to the mybonds.gc.ca website and access your online account, or
- Call the Employee Information Line for payroll savings plans, toll-free at 1-877-899-3599. Arrange for the money to go directly into your bank account.
3. Savings bonds held in a Canada RSP or Canada RIF
- Call 1-800-575-5151 toll-free to cash in your bonds.
Learn more
Visit the Canada Savings bonds website for more information on how to cash in your savings bonds.