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  5. PSA: I have cash sitting in my open on line trading account earning nil at the moment. [Purpose High Interest Savings ETF]
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Q: I have cash sitting in my open on line trading account earning nil at the moment. Can you recommend anything other than a GIC or term deposit with no fees that is reasonably safe and accessible.
thanks.
Doug


Asked by James Douglas on March 30, 2021
5i Research Answer:

The 'no fee' part is tough. Most products have at least some fees, whether management or trading fees. Even treasury bills have embedded fees (price is adjusted to the customer). PSA we have suggested in the past. Indicated yield is 0.67% but there are fees of 0.15%. The best combination of yield, safety and fees still is a GIC.