What feature distinguishes Canada Savings Bonds from Canada Premium Bonds?

The distinguishing feature between Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs) is that Canada Savings Bonds can be purchased through various channels, including payroll savings. This means that individuals can have funds automatically deducted from their paychecks to purchase these bonds, making it a convenient savings method.

While the option mentioning that Canada Savings Bonds can be redeemed at any time is related to their flexibility, this feature does not set them apart from Canada Premium Bonds in this context, as both types of bonds have differing terms regarding redemption. The assertion that Canada Savings Bonds have a fixed term only is inaccurate, as CSBs can have varying terms, and they also typically have a fixed coupon, which is different from the characteristics of CPBs. Therefore, the unique purchasing method available for CSBs serves as the key differentiator between them and Canada Premium Bonds.