(November 29 – 15:45 ET) –
Canada Premium Bond Series 10 and
Canada Savings Bond Series 61 will
be withdrawn from sale at the close
of business on December 1.
CPB Series 11 and CSB Series 62,
with issue dates of January 1,
2000, will be on sale from December
2 to January 1, featuring special
edition millennium certificates.
Interest rates for these series
will be announced December 2.
The current series will show an
issue date of December 1. CPB
Series 10 features guaranteed
interest rates of 5.00% for the
first year, 5.40% for the second
year and 5.80% for the third year.
The annual compound rate of return,
based on these guaranteed rates,
will be 5.39% for compound interest
bonds if held for three years.
CPBs are redeemable once a year
on the anniversary of the issue
date or during the 30 days
thereafter without penalty.
CSB Series 61 carries a minimum
guaranteed interest rate of 4.40%
for the first year and is cashable
at any time. The rates for the
remaining time to maturity will
be set in the future.
-IE Staff
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