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Canada Premium Bond - CPB
What does it mean?
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.
In Other Words...
While a Canada Savings Bond is redeemable at any time, a Canada Premium Bond is redeemable once a year. It must be redeemed either on the anniversary of the issue date or within 30 days of it.
Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.
The Lowdown on Savings Bonds - They may not be sexy, but bonds offer undeniable benefits to investors.
The Canadian Premium Bond - Learn more about this debt instrument issued by the Bank of Canada on their official website.
Related Terms
Bond | Canada Savings Bongs - CSB | Central Bank | Compound | Debt Security | Interest | Redemption
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