Canada Savings Bonds


Payroll Savings Plans will reach maturity in November 2021

In November 2021, the final bond series in Payroll Savings Plans will reach maturity and will automatically be paid out. Here’s what you need to know.

Do it need to do anything?

No. Once the final bond series S128 reaches maturity and the funds are paid out in November 2021, your plan will close automatically. A final statement will be mailed to the address on file in January 2022 to payroll plan owners who have had a transactional activity or a positive balance greater than $2 during the year or statement period. Get more information about your plan or access services for Payroll Plan owners.

Can I still access my CSB Online Services profile?

CSB Online Services and information about it will be accessible until May 2022. You will be notified when your final e-statement is available in your profile. A paper copy will also be mailed in January 2022 if you had a transactional activity or a positive balance greater than $2 during the year or statement period.

Can I redeem my funds earlier?

Yes, redemptions can be made anytime. Find out how.

I haven’t received my maturity payments or statements in a while. What do I do?

Make sure your information is current. Find out how to change your address, enroll in direct deposit, or contact us.