Lost Canada Savings Bonds

It s hard to believe but the 1981 edition of the canada savings bond csb paid 19 5 annual interest.

Lost canada savings bonds. They are sold in amounts from 100 to 500 000 and can only be purchased by ontario residents. A million of us buy some every year usually through payroll savings plans at work. Instead of replacing the bond electronically you can ask for your bond to be cashed. Lost or unclaimed canada savings bonds canada savings bonds are the most popular investment product in canada.

Individual savings bonds may not be split and must be reissued in full. Managing your canada rsp or canada rif. Learn about managing your plan transferring funds withdrawing funds and getting your statements. Once a certificated canada savings bond matures it should be redeemed by presenting the certificate at any financial institution in canada.

By comparison the tsx lost approximately 12 that year. The bank of canada is holding nearly 1 billion from bank accounts and canada savings bonds. How to retrieve lost savings bonds. If you find your original bond certificate after you have reported your bond as lost destroyed or stolen you must notify the canada savings bonds program immediately at 1 800 575 5151.

The us department of treasury can help you retrieve savings bonds if they are stolen lost or damaged. The canadian treasury can reissue unmatured bonds after they have been lost stolen or damaged but will merely redeem any such bonds that have already reached maturity for payment instead of reissuing them. Customers are obligated to return the original certificates or reimburse the value of the bonds in the event of redemption of both the lost and replaced bonds. Ontario savings bonds are backed 100 per cent by the province of ontario.

You ll need to have your signature certified according to the instructions included on the form. These bonds provide a means through which individuals can make an investment in the province of ontario and receive a competitive market return. Once complete you ll mail it back to the treasury retail securities site s address. Replacing paper ee bonds.

Ontario savings bonds are available to ontario residents. Unclaimed assets in bank accounts are turned over to the bank of canada after 10 years go by without. You can check the department s online database or fill out a bond recovery form to request a. If your paper ee bond is lost stolen or destroyed we need the following information before searching for the record of your bond.