Savings Bonds

Savings Bonds are on sale until inclusively.

Savings Bonds are not on sale at the present time.

The most flexible guaranteed savings product.

These bonds are redeemable any time. They can be redeemed daily for their full face value without penalty.

Why choose this savings product?

Minimum interest rate guaranteed and set annually depending on market conditions for each year of the ten‑year term.
Interest calculated daily and paid in full regardless of the day of the month it is cashed.
Available in any amount of $100 or more.
Possibility to invest in all our accounts, like the TFSA, RRSP or FHSA.

Sales period
Savings Bonds are issued twice a year: on June 1 and November 1. You can acquire them during the sales periods, which run from May 1 to June 1 and from October 1 to November 1.

It should be noted that these sales periods are always at the discretion of the Minister and may be changed at any time.

Eligible accounts

Savings Bonds can be invested in every type of account. For example:

TFSA

Benefit from the flexibility of the TFSA and pay no tax on the growth of your savings.

Learn more about the TFSA

RRSP

Plan your retirement by saving in an RRSP and reduce your taxes with contributions that are deductible from your income.

Learn more about the RRSP

FHSA

Buy your first home faster thanks to this account.

Learn more about the FHSA

Investment Savings Account

Choose a non-registered account, which provides you with a simple investment option with no contribution limit.

Learn more about the Investment Savings Account

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More details

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DESCRIPTION

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Issue date:	{{produits[6].DateEmission \| day}}^{{{produits[6].DateEmission \| daystsup}}} {{produits[6].DateEmission \| monthyear}}.

Maturity date:	{{produits[6].DateEcheance \| day}}^{{{produits[6].DateEcheance \| daystsup}}} {{produits[6].DateEcheance \| monthyear}}.

Term:	10 years.

Type of interest:	Simple or compound.
Simple: interest accrued during the year is paid at the end of each year.
Compound: after each year, interest accrued is added to the initial amount. Future interest is calculated on this new amount.
Payment of interest:	Simple interest bonds: interest is paid annually.
Compound interest bonds: interest is paid at the end of the investment period.

Interest rate:	Minimum rate guaranteed until {{produits[6].DateFinGarantie \| datestr}}. Subsequent years: rates adjusted according to market conditions.

Minimum purchase amount:	Minimum purchase amount of $100.


Purchase limit:	Maximum amount held of $10 000 000 for general or limited partnerships and legal persons established for a private interest or in the public interest acting on their own account, except in the case of a transfer resulting from a succession.

Authorized purchasers:	Persons or groups of persons or of properties, domiciled in Québec and subject to the rules of Québec law (natural persons, general or limited partnerships, legal persons, successions of persons, foundations and personal or social trusts.

Redemption:	Total or partial, any time the account holder wants: minimum amount of $100 or balance of the product.

Eligible accounts:	Investment Savings Account, tax‑free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF), locked‑in retirement account (LIRA) and life income fund (LIF). Can also be entered in the account of a trustee or of an agent of a trustee for the benefit of a participant in a self‑directed plan or fund.

Assignment and transfer:	The Bonds are assignable and transferable only under the conditions and in the cases provided for in the Regulation respecting savings products (CQLR, chapter A-6.001, r. 9), in particular in the event of divorce or death of the participant.

Hypothec	Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account or TFSA.

Treatment at maturity:	In the absence of instructions from the client, the capital and interest are automatically reinvested in compound interest savings bonds of the current year or, if such bonds are not offered, in Flexi Plus Savings units.