Savings bonds are a low-risk way to save.There are two types of savings bonds offered by the Canadian government: Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs). When you buy a bond, you are loaning money to the government for a set period at a fixed interest rate.

1. You can buy a savings bond for as little as $100.
2. Savings bonds are available to residents of Canada.
3. You don't pay any fees when you buy savings bonds.
4. Savings bonds have a 10-year term. Interest rates are usually set for shorter periods.
5. You earn a guaranteed interest rate. The rate could go higher during your bond's term, but it won't go lower.
6. CSBs have a lower interest rate than CPBs. That's because you can cash them in at any time.
7. You can only cash in CPBs once a year—on the anniversary of the date the bond was issued or during the following 30 days.
8. You can hold savings bonds in registered investment accounts like RRSPs, RRIFs and TFSAs.
9. You may be able to buy CSBs through work if your employer offers a payroll savings program.

Some provinces may offer savings bonds as well. Example: Ontario Savings Bonds. 

2 interest options

1. Regular-interest bonds–You get interest payments each year on the anniversary of the issue date.
2. Compound-interest bonds–Interest is automatically re-invested each year.

Buy for limited time only

• between early October and December 1
• between early October and November 1 for CSBs bought through payroll savings plans