Author Topic: Anybody buy a HISA lately  (Read 956 times)

rukawa

  • Hero Member
  • *****
  • Posts: 873
Anybody buy a HISA lately
« on: May 28, 2018, 05:19:44 PM »
I need a very liquid place to park cash in my RRSP/TFSA. Was thinking a High Interest Savings Account Fund. I was trying to research which one the best one is. Anybody buy one lately? I'm thinking of stuff like this:
https://www.milliondollarjourney.com/where-to-put-your-rrsptfsa-cash-high-interest-investment-accounts-mutual-funds.htm


NormR

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 629
Re: Anybody buy a HISA lately
« Reply #1 on: May 28, 2018, 05:51:00 PM »
Yes.  A HISA can be an easy way to park cash at a Canadian bank broker and actually earn some interest.  At last check the big ones all payout similar - and not great rates.  ~1.1% at the moment, IIRC.  Keep an eye out for anti-competitive broker fees that dissuade clients from using HISA of other banks.