Saskatchewan Savings Bond
Encyclopedia
Saskatchewan Savings Bonds (SSB) were bond securities issued by the province of Saskatchewan
Saskatchewan
Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....

. 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
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

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
Canada Savings Bond
Canada Savings Bonds are investment instruments offered by the Government of Canada on sale between October and April every year. Unlike a true marketable bond, Canada Savings Bonds or CSBs are debentures....

, DSBs are only sold to residents of Saskatchewan.
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