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For the Canadians in the audience: * https://www.highinterestsavings.ca/chart/ https://www.highinterestsavings.ca/chart/ * https://www.ratehub.ca/savings-acco

For the Canadians in the audience: * https://www.highinterestsavings.ca/chart/ https://www.highinterestsavings.ca/chart/ * https://www.ratehub.ca/savings-accounts/accounts/high-interest https://www.ratehub.ca/savings-accounts/accounts/high-intere... There are also 'HISA ETFs' like CASH.TO: * https://moneyguynow.com/best-canadian-high-interest-savings-etfs/ https://moneyguynow.com/best-canadian-high-interest-savings-... However note: > The biggest difference between HISA mutual funds and HISA ETFs is that ETFs are not CDIC-insured. This occurs because HISA mutual funds allow investors to be registered with the deposit institution as individual depositors, whereas a HISA ETF bundles the sums provided by all investors and invests the proceeds in the ETF’s name. However, HISA ETFs mostly invest with systemically important financial institutions (SIFIs), which are subject to greater regulatory requirements than non-systemically important ones. In Canada, we have three types of SIFIs. * https://www.pwlcapital.com/high-interest-savings-account-etfs/ https://www.pwlcapital.com/high-interest-savings-account-etf...

dghughes 3y ago
A Canadian Tire TFSA ??? WTF? lol
- throw0101c 3y ago
  You can get a bank account at the grocer, PC Financial at Loblaws, so why not. * https://en.wikipedia.org/wiki/President%27s_Choice_Financial https://en.wikipedia.org/wiki/President%27s_Choice_Financial
voisin 3y ago
> There are also 'HISA ETFs' like CASH.TO FYI, I tried to buy this in my TD Direct Investing Account and it wouldn’t let me. I called in and found out TD had blocked trading for any clients in CASH and there was another similar ETF, the #1 and #2 most liquid high interest savings ETFs around. I was told that to trade in these I had to open up a managed account (and pay fees to TD, negating part of the benefit of these ETFs). I thought this seemed highly unethical and inappropriate and so I contacted a variety of regulators (even trying to find which regulator had oversight of this was a major pain!) only to be told that there is no requirement for investing platforms to be neutral conduits to the markets and that they have full authority to block trading to help their other competing businesses. Canada: where corrupt self dealing by the oligopolies is the name of the game. /endrant

dghughes 3y ago

A Canadian Tire TFSA ??? WTF? lol

throw0101c 3y ago
You can get a bank account at the grocer, PC Financial at Loblaws, so why not. * https://en.wikipedia.org/wiki/President%27s_Choice_Financial https://en.wikipedia.org/wiki/President%27s_Choice_Financial

voisin 3y ago

> There are also 'HISA ETFs' like CASH.TO FYI, I tried to buy this in my TD Direct Investing Account and it wouldn’t let me. I called in and found out TD had blocked trading for any clients in CASH and there was another similar ETF, the #1 and #2 most liquid high interest savings ETFs around. I was told that to trade in these I had to open up a managed account (and pay fees to TD, negating part of the benefit of these ETFs). I thought this seemed highly unethical and inappropriate and so I contacted a variety of regulators (even trying to find which regulator had oversight of this was a major pain!) only to be told that there is no requirement for investing platforms to be neutral conduits to the markets and that they have full authority to block trading to help their other competing businesses. Canada: where corrupt self dealing by the oligopolies is the name of the game. /endrant