Canada Premium Bond - CPB
A debt instrument issued by the Bank of Canada that offers a higher interest rate than a Canada Savings Bond (CSB) with the same issuance date.
Investopedia Commentary
While a Canada Savings Bond is redeemable at any time, a Canada Premium Bond is redeemable once a year. It must be redeemed either on the anniversary of the issue date or within 30 days of it.
Related Links
Bond Basics Tutorial
The Lowdown On Savings Bonds
See also: Bond, Canada Savings Bonds - CSB, Central Bank, Compound, Debt Security, Interest, Redemption
Also spelled: CPBs, Canada Premium BondsCPB