Savings bonds

A savings bond is a loan to a government that is secured by the general credit and taxation powers of the government. They are usually offered for sale at certain times of the year directly from the issuing government (or agency). The Bank of Canada offers Canada Savings Bonds, and there are a number of provincial savings bonds.

Canada savings bonds
As of 1998 there are two Canada Savings Bonds products, Canada Savings Bond (CSB) and Canada Premium Bond (CPB). The difference is that CPBs are only cashable on the anniversary of the issue date or during the 30 days thereafter. Both products are offered in regular interest (R-series) and compound interest (C-series).