Canada Premium Bond (CPB)


A savings bond issued by the Canadian government that comes with specific redemption requirements, but with a higher interest rate than standard savings bonds. The bond may only be redeemed once per year, during a 30-day period prior to the purchase anniversary date. This prevents bondholders from rushing to redeem the obligations at any point during rising interest rates.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Canada Pension Plan (CPP) Canada savings bond