I know you meant well,
and I appreciate you and commend you for the idea, but for me...
Yikes !!!
No way I would ever do this...sorry...
(I think that about covers my emotional range...and attention span !
) No offense meant...all in good fun!
Put the emergency money under your complete control,regardless of where it comes from...not "on account" as a "credit" ... if you want my reasons for why I wouldn't do it, you'll only need to ask...
lol
Shuttin' up now ...
So, about those Canadian bonds...in the USA, bonds take much longer to mature. If you tried to cash a $25 bond a year later, I doubt you'd anywhere close to face value and interest would be pure fantasy.
Even years after they have matured, interest is still negligible. My kids had these from when they were babies. The bonds were more than matured and only were worth slightly more than face value, and they were such a pain to cash than one kid almost didn't. If I correctly recall, the banks would only deposit them into a checking account...not cash them outright, and the kid didn't have a checking account when he first went to college but he'd thought he could count on the money 'cuz we told him we could!
I do think it's very cool that you get face value plus interest one year later, and can "spend" them at a "retail" business. I don't know how we could get Canadian bonds here...lol