A savings bond issued by the Canadian government that comes with specific redemption requirements, but with a higher interest rate than standard savings bonds. The bond may only be redeemed once per year, during a 30-day period prior to the purchase anniversary date. This prevents bondholders from rushing to redeem the obligations at any point during rising interest rates.
Related information about Canada Premium Bond (CPB):
- Canada Premium Bond (CPB) Definition | Investopedia
A debt instrument issued by the Bank of Canada that offers a higher interest rate than a Canada Savings Bond (CSB) with the same issuance date.
- January 2012 Outstanding Series rate sheet - Canada Savings Bonds
Dec 22, 2011 ... Interest rates for the January 2012 Outstanding Canada Premium Bond (CPB) and Canada Savings Bond (CSB) Series have been set by the ...
- Historical Rates for Canada Savings Bonds and Canada Premium ...
... of interest rates (where applicable) are not included in the figures in these tables. Year Month. Canada Savings Bond (CSB). Canada Premium Bond (CPB) ...
- What is Canada Premium Bond (CPB)? definition and meaning
Definition of Canada Premium Bond (CPB): A savings bond issued by the Canadian government that comes with specific redemption requirements, but with a ...
- How Canada Savings Bonds and Canada Premium Bonds Work ...
The Canada Premium Bond (CPB), introduced in 1998 by the Government of Canada, offers the same general features as Canada Savings Bonds, but has a ...
- Archived - Canada Savings Bonds and Canada Premium ... - Finances
Oct 5, 2009 ... The Department of Finance today announced interest rates for Canada Savings Bond (CSB) Series 120 and Canada Premium Bond (CPB) ...
- Archived - Canada Savings Bonds and Canada Premium ... - Finances
Oct 4, 2010 ... The Department of Finance today announced interest rates for Canada Savings Bond (CSB) Series 126 and Canada Premium Bond (CPB) ...
- Archived - 2011 Canada Premium Bonds and Canada Savings ...
Oct 3, 2011 ... Canada Premium Bond (CPB) Series 78 and CSB Series 128 can also be purchased today until November 1 by phone toll-free at ...