I participante in the Canada Savings Bonds payroll deductions program through work. You are able to indicate any amount you'd like to be deducted from your pay and put towards the purchase of savings bonds. The bonds purchased are fully backed by the Canadian government, the rate of return is also guaranteed, the bonds are available in regular and compound interest, there are no fees to sign-up or withdraw funds and the bonds are cashable at any time.
Once a year, in the fall, my company holds an e-campaign to either allow you to register for the payroll deduction program or make changes to your existing program. It is really easy to make changes during this period. It is also just as easy to request withdrawals at anytime, online and depending when the request is made you could have your funds within 3 business days.
We've used these savings bonds as our travel fund and have taken a few trips to Disney with the money we've saved. The interest earned on my bonds aren't the greatest but it is a lot better than what my bank is paying. Canada Savings Bods make it easy to invest in Canada but has the convenience and flexibilitgy to allows access to your funds when you need it.
Go to My Bondsfor more information.