How to cash in savings bonds

Savings bonds are readily cashable, but there are some rules. And the rules differ for Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs).

Note: Canada Savings Bonds Program is no longer available

As of November 1, 2017, the Government of Canada is no longer offering the sale of Canada Savings Bonds (CSBs) or Canada Premium Bonds (CPBs).

For additional information on CSBs, CPBs related to your current Canada Savings Bonds Program investments, visit the Canada Savings Bonds Program website. If you have any questions related to the program, please refer to the Q&A section of the website.

When you can cash in savings bonds

You’ll always get back the original amount you invested, no matter when you cash in your bonds. The amount of interest you get depends on the type of bondBond A kind of loan you make to the government or a company. They use the money to run their operations. In turn, you get back a set amount of interest once or twice a year. If you hold bonds until the maturity date, you will get all your money back as well. If you sell…+ read full definition you buy and when you cash it in:

  • You can cash in a CSB any time. But if you cash in a CSB within 3 months of buying it, you won’t get any interest. After 3 months, you’ll get the interest earned to date.
  • You can cash in a CPB at any time. But you will only get interest earned up to the last anniversary date of the bond.
  • If you cash in a regular-interest bond, you’ll get the interest earned since the last anniversary date.
  • If you cash in a compound-interest bond, you’ll get the interest earned since the issue date of your bond.

How to cash in savings bonds

1. Savings bonds bought through a financial institution

  • You can cash in savings bonds at any time at most financial institutions.
  • Take your certificate to a financial institution, 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 a payroll savings plan

  • Access your online account with Canada Savings Bonds, 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 the Canada Savings Bonds Customer Service Centre toll-free at 1-800-575-5151 to cash in your bonds.

Learn more

Visit the Canada Savings Bonds website for more information on how to cash in your savings bonds.

2 key points

  1. If you cash in your CSB within 3 months of buying it, you won’t earn any interest.
  2. You can cash in a CPB at any time, but you will only get interest earned up to the last anniversary date of the bond.
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