Saskatchewan Savings Bonds (SSB) were bond securities issued by the province of

Saskatchewan Saskatchewan ( ; ) is a province in western Canada, bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and on the south by the U.S. states of Montana and North ...

. As of June 2010, the product is no longer offered. SSBs' principal and interest are backed by the Province of Saskatchewan. The SSBs were available from financial institutions,

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

s, and investment dealers. The minimum purchase value was $100 and the maximum value was $200,000. As of April 2009, there were $247.2 million in SSBs outstanding. Unlike the

Canada Savings Bond The Canada Savings Bond was an investment instrument offered by the Government of Canada from 1945 to 2017, sold between early October and December 1 of every year. It was issued by the Bank of Canada and was intended to offer a competitive inte ...

, SSBs were only sold to residents of Saskatchewan.

References

External links

Saskatchewan Savings Bonds
Banking in Canada Savings Bond Government bonds issued by Canada {{bank-stub