Canada Savings Bonds

Redeeming Funds

Find out how to redeem your funds and know what will happen to your bonds once they reach maturity in November 2021.

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

How to redeem

Watch a quick video on how to redeem your funds on CSB Online Services.

Access to your online profile will only be available until May 2022.

You can redeem your funds online at any time before they reach maturity in November 2021. To redeem them:

  1. Log in to CSB Online Services and select Redemption from the left navigation menu.
  2. From the Redemption screen, select the Plan from which you want to redeem.
  3. Choose the bond series to redeem and enter the amount in that row.
    The minimum redemption amount is $100 or the entire balance of a series, whichever is less.
  4. Select Continue.
  5. Review your redemption request.
  6. Select Confirm.

When your bonds reach maturity

As each bond series matures, the funds (principal and interest) for the matured series is automatically paid out to the registered plan owner(s) by cheque or direct deposit, according to your account information.

You should validate your mailing address CSB Online Services to ensure they receive their payment, or sign up for direct deposit.

Access to your online profile will only be available until May 2022.

All funds in your plan will automatically be paid out to you in November 2021 when the remaining bonds reach maturity. Once all the funds in your plan have been redeemed or paid out at maturity (e.g., plan balance $0), your plan will be closed.

Access to funds

  • Up to 4 business days if you are set up for Direct Deposit.
  • 7 to 10 business days if a cheque is mailed.

Joint Plans / Third-Party Plans

  • If funds are held in a Joint Plan, a cheque will be issued in both plan owners’ names, in which case both signatures will be required to cash in the cheque, or funds can be deposited directly in a bank account that is held in both owners’ names.
  • If funds are held in a Third-Party Plan, only the registered owner, not the contributor, has access to the funds.