What happens when Canada savings bonds mature?

Question

I have Canada Premium Savings Bonds that mature in November 2008 and 2009, what happens when they mature? Do they continue earning interest? Does a cheque get mailed out to me?

Thanks!

Answer 1

no they stop generating interest

you just take them into your local bank and cash them in

for the principal and interest

Answer 2

Well, for one thing, they're not as s**y anymore. They slow down, get wrinkled, cranky, smell bad.

Sorry, couldn't resist. :-))