REVscene Automotive Forum

REVscene Automotive Forum (https://www.revscene.net/forums/)
-   The Business and Financial Forum (https://www.revscene.net/forums/business-financial-forum_303/)
-   -   Canada Savings Bonds (https://www.revscene.net/forums/591996-canada-savings-bonds.html)

bcrdukes 10-08-2009 02:11 PM
Canada Savings Bonds
 
Hey guys,

I see that payroll is offering Canada Savings Bonds through the company. I did some reading online about them but would like to know if anybody has invested in them before. Are they worth investing in?

TIA

tiger_handheld 10-08-2009 02:19 PM
i did. till i found out my money makes more in a regular savings account. i had $50 in there...

the rate for CSB right now is .4%. rbc high interest account is at .75%.

Gt-R R34 10-08-2009 04:14 PM
CSB will always be lower then the banks saving accounts.

Only thing CSBs that are better then banks are that it's the govie, you always get paid out. Unless the impossible happens, and Canada no longer becomes canada.

bcrdukes 10-08-2009 04:15 PM
^
LOL WTF? So why would anybody buy into this...scam? :lol

!SG 10-08-2009 04:42 PM
because they are safe, as safe as safe can be. little to no risk. little to no return.

Quote:
Originally Posted by bcrdukes (Post 6627096)
^
LOL WTF? So why would anybody buy into this...scam? :lol

bcrdukes 10-08-2009 06:28 PM
Lame. :(

Thanks guys.

johny 10-08-2009 07:14 PM
my last CSB was 7% I and I think was cashed last year. (probabaly bought 11 years ago). so I was making 7% last year when banks were 4%.

it was only like $300 though.

I can't image they would be any good right now.

misteranswer 10-08-2009 10:24 PM
Quote:
Originally Posted by bcrdukes (Post 6627096)
^
LOL WTF? So why would anybody buy into this...scam? :lol
This rate is also set for the year. Your savings account rate is not. It can still drop lower believe it or not.

Chuck Norris 10-08-2009 11:16 PM
I'd be willing to bet Canada hits the deep six before RBC.

CRS 10-09-2009 12:14 AM
Quote:
Originally Posted by Chuck Norris (Post 6627728)
I'd be willing to bet Canada hits the deep six before RBC.
I would take that bet.

Though neither are likely. In fact, both of which are nearly impossible.


All times are GMT -8. The time now is 08:35 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net