Canada Savings Bond rates are ridiculously low - MoneySense

Canada Savings Bond rates are ridiculously low

The current rate being offered is just 0.65%.

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The Canadian government recently announced rates for its Canada Savings Bonds–and they’re offering just 0.65%, says Jonathan Chevreau of the Financial Post. So for keeping $1,000 in a bond until November 1, 2011, you’d get just $6.50 interest. Less liquid Canada Premium Bonds are offering just 1.1%

Mostly likely, this meager return would be eaten up by inflation, as well as taxes, if it was held outside an RRSP or TFSA.


Read more: http://opinion.financialpost.com/2010/10/08/new-csbs-pay-0-65-theyre-kidding-right/#ixzz129uMedpl

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