Bank of canada savings bonds redemption
Canada Savings Bonds are no longer offered but can be sold over the A GIC is a note issued by a bank or trust company with a fixed yield and term to maturity. Callable/redeemable: The issuer can redeem the bond prior to its maturity. When a Canada Savings Bond of one of the following series is redeemed (Series 22, 23, 25, 26, 27 and 28), the owner may be eligible for an interim cash bonus payment which became due and payable on 1 November 1979.