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DictionarySeeCSBCanada Savings Bond
Canada Savings BondA savings bond offered by the Government of Canada and guaranteed by the Bank of Canada. Originally offered in 1946 as a Victory War Bond, a CSB pays a low, but safe, interest rate. The interest rate at which a CSB is offered is guaranteed for one year, and then fluctuates according to prevailing interest rates. A CSB is redeemable for cash at any time, but usually has a maturity of 10 years. See also: Canada Premium Bond. |