DEFINITION of 'Canada Savings Bond - CSB'

A financial product issued by the Bank of Canada. It offers a competitive rate of interest and guarantees a minimum interest rate.

BREAKING DOWN 'Canada Savings Bond - CSB'

Canada Savings Bonds have both regular and compound interest features and are redeemable at any time.

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RELATED FAQS
  1. How does the landscape of the financial services sector in the U.S. compare to Canada?

    Read about the financial services sector in the United States and Canada, two countries that represent each other's largest ... Read Answer >>
  2. What is affected by the interest rate risk?

    Find out more about interest rate risk, how bond prices are affected by interest rate fluctuations and how interest rate ... Read Answer >>
  3. How long will it take for a savings bond to reach its face value?

    Learn essential information about U.S. savings bonds along with an explanation of the unique characteristics of this popular ... Read Answer >>
  4. What are the key factors that will cause a bond to trade as a premium bond?

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  5. What economic factors affect savings account rates?

    Find out how supply, demand and central bank policy all affect savings account rates offered by banks for extra deposits ... Read Answer >>
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