Canada debating future of Savings Bonds, too

Monday, April 24th, 2006
Categorized as: Savings Bond history

Canada has a Savings Bonds program similar to the program in the U.S, however it has no electronic equivalent like TreasuryDirect.

There are those in the U.S. who think the Treasury should stop issuing paper Savings Bonds because the cost of administration is so much higher than it is for other methods of government borrowing. Some people in Canada are thinking the same thing about their program.

Saturday the Ottawa Citizen published a story by Jack Aubry, Savings bond program loses appeal, report says, about the results of a Canadian Savings Bond marketing campaign that apparently didn’t achieve the desired results.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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