(January 26 – 16:40 ET) – Sales of Canada Premium Bond series 12 and Canada Savings Bond series 63 will cease at the close of business on February 1. Both issues mature in 10 years.
CPB series 12, with an issue date of February 1, carries a guaranteed interest rate of 5.00% for the first year, 5.50% for the second year and 6.00% for the third year. Based on these guaranteed rates the annual compound rate of return will be 5.49% for the first three years. The rates for the series’ remaining seven years will be announced at future dates. CPBs are redeemable once a year without penalty, on the anniversary of the issue date or during the 30 days after the anniversary.
CSB series 63, will also have an issue date of February 1, and it carries a minimum guaranteed interest rate of 4.40% for the first year. The rates for the remaining nine years will be announced later. It is cashable at any time.
CPB series 13 and CSB series 64, both with issue dates of March 1, will go on sale from February 2 to March 1. These interest rates for these next issues will be announced February 2. Both continue to feature special edition millennium certificates.
-IE Staff