What does it mean on a Canada Savings Bond when they say that it has reached the date of maturity? and Bond, James Bond, 30 Wellington Square

What does it mean on a Canada Savings Bond when they say that it has reached the date of maturity?

I have a Canada Savings Bond and the Date of Maturity is Nov 1st, 2011.
What's gonna happen with my Bond then?
Not sure what the difference is? I could have cashed it in 5 years ago.
What does the Mature part mean? Does it stop accumulating interest on that date? What's so special about the maturity date?


Bond best answer:

Answer by Agnostalgic
Then you will be able to cash your bond for the amount of money it is worth.

Details: Yes, you could have cashed it five years ago, but when your bond will be worth the most (Having accumulated the most interest) will be when it is "mature", and yes, it will no longer gain interest after that date. Good Luck

Bond

Bond, James Bond, 30 Wellington Square


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The purported home address of the literary James Bond was the first floor, 30 Wellington Square, Chelsea.

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