(November 2) – The Department of Finance has announced its rates for Canada Savings Bond Series 61 and Canada Premium Bond Series 10. They’re on sale until
the end of the month.
CSB Series 61 is to be issued December 1 at a 10-year maturity, paying 4.4% for the first year. Last year’s CSB Series 55 will carry the same rate beginning December 1. CPB Series 10, another 10-year issue due out on December 1, will pay 5% for the first year, 5.4% in the second year and 5.8% for the third; for an annual compound return of 5.39%.
CSBs are redeemable anytime, while CPBs are redeemable on the anniversary of their issue date, or during the 30 days thereafter, without penalty. Both are RRSP eligible.
Following these issues Finance is planning four consecutive monthly series of each bond until April 1, 2000. The rates on these issues will be announced at the time of sale.
-IE Staff
For more please see: