Canada Premium Bond - CPB

What Does Canada Premium Bond - CPB 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.

Investopedia explains Canada Premium Bond - CPB
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 Terms

Bond
Canada Savings Bonds - CSB
Central Bank
Compound
Debt Security
Interest
Redemption
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Related Links

Bond Basics Tutorial - Investing in bonds - What are they, and do they belong in your portfolio?
Savings Bonds For Income And Safety - 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.
Tax-Saving Tips For Canadian Taxpayers - Find out how to get a bigger return.

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