Canada Savings Bonds
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Redeeming Your Certificated Bonds

Find out why and how you should redeem your bonds.

Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs) are no longer available for purchase, but the bonds you already own are safe and guaranteed.

Matured bonds no longer earn interest and should be redeemed as soon as possible.

1. Find your certificate

Certificated CSBs and CPBs take the form of a physical paper bond certificate. The physical certificate is required to redeem the bond.

If you cannot locate your certificated CSBs or CPBs, follow the lost bond process.

Note that there are different processes for redeeming CSBs or CPBs that do not have paper certificates because they are were sold through an investment dealer or were purchased via the CSB Payroll Savings Program or The Canada RSP Plan.

2. Review your bond’s important features

Important information related to your bond is printed directly on the bond certificate.


  1. Certificate number: This is your bond's unique identifier. It may be used to make account changes.
  2. Series number: This number helps to identify the interest rate associated with your bond.
  3. Maturity date: Once this date has passed, your bond stops earning interest and should be redeemed as soon as possible.
  4. Par value: This is the nominal value of your bond at the time of purchase.
  5. Interest type: If your bond earns compound interest, you will receive the value of the interest earned upon redemption. If your bond earns regular interest, you should receive regular interest payments up to your bond’s maturity date.
  6. Registered owner(s): The person who is entitled to the funds associated with the bond certificate. Bonds can be co-owned, with more than one name printed on the certificate.
In some cases, a bond’s maturity date was extended beyond what was initially printed on the certificate. Consult the rates page for up to date information about your bond's maturity date.

3. Determine required signatures

The signatures of all registered owners are required to redeem bonds.

Ownership

Signature(s) required

Bonds with one owner

Registered owner

Co-owned bonds

Both registered owners

This process is in place to protect all parties where there are multiple registered owners.

Bonds owned by a minor (someone under 18 years of age as proven by an official document such as a birth certificate)

The parent or guardian who has legal custody of the bond owner.

(If the minor is unable to sign his/her name).

Bonds with one owner that were purchased by someone else

Registered owner

Whether adult or minor, only the registered owner, not the purchaser, has access to the funds.

4. Visit your financial institution

Present the bond certificate where you bank or invest. All bond owners will be asked to sign the back of the bond upon presentation. CSBs and CPBs can be redeemed at any time.

If you own regular interest CSBs or CPBs (R bonds):

  • You will receive the face value of your bond at the time you purchased it.
    • If your regular interest bond has reached its maturity date, all earned interest payments would have been sent, by cheque or by direct deposit, on the anniversary date.
    • If your regular interest bond has not reached maturity, you are still entitled to receive regular interest payments, until the maturity date has passed. If you redeem your regular interest bond prior to maturity you will no longer receive interest payments.
If you have not received all your regular interest payments for your R bond, contact Customer Service.

If you own compound interest CSBs or CPBs (C bonds):

  • If your compound interest bond has matured, you will receive the face value of your bond at the time you purchased it plus all the accumulated interest owed on that bond.
  • If your compound interest CSB has not matured you will receive the face value at the time of purchase, plus accumulated interest earned up until the last month preceding the redemption.
  • If your compound interest CPB has not matured, you will receive the face value at the time of purchase, plus accumulated interest earned up until the last anniversary date of issue.

For more information

Find out about address, legal name changes, and other services.

Make sure you don’t miss out on important information about your bond. Ensure that your mailing address is up-to-date.

Content Type(s): Services
Audience(s): Bondholders