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  5. PSA: Hi, my high interest savings account currently pays a ridiculous 0. [Purpose High Interest Savings ETF]
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Investment Q&A

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Q: Hi, my high interest savings account currently pays a ridiculous 0.1% interest. Could you please recommend me any alternatives (ex.: ETF, CPG) as to where I could park a large amount of $$$ over the next 10 months?
Thanks in advance.

Asked by Philippe on March 25, 2021
5i Research Answer:

10 months is a very short time and we would not be comfortable with any equity exposure. We think PSA may be a good option, with high security and an indicated yield of 0.67%. For a higher rate and utmost security (to $100,000) one can do better with a GIC.