Payroll Savings Plan owners: All bonds are paid out by cheque or direct deposit upon maturity. Certificated bond owners: Redeem matured bonds at your financial institution. Regular interest bonds accrue simple interest at the rates determined by the Minister of Finance until the earlier of maturity or redemption by the registered owner. Simple interest is accumulated monthly and is paid to the registered owner by cheque or through direct deposit on each annual anniversary date until maturity. You should ensure your mailing address is up-to-date to receive your annual interest payment by cheque. This will replace payment instructions the owner has given the Bank of Canada for previously purchased regular interest bonds.
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United States savings bonds are debt securities issued by the United States Department of the Treasury to help pay for the U. They are redeemable only by the original purchaser, or a beneficiary in case of death. On February 1, , President Franklin D. Roosevelt signed legislation that allowed the U. Department of the Treasury to sell a new type of security, called the savings bond, to encourage saving during the Great Depression.
Savings bonds have been one of the most popular investments in the United States for more than a century, and perhaps the Series EE savings bond is the most well known. Electronic bonds are sold at face value. You will receive no physical paper bond.
Savings bonds are one of the world's safest investments. Backed by the full faith of the U. Government, savings bonds offer a safe place to build savings for the long-term at the cost of a relatively low investment return.