Investment Q&A

TDB8150 is a savings deposit account and not a mutual fund. The savings deposit account is CDIC insured, however, as the TDB2913's fund facts, while low risk, the money market fund is not insured. As such the yield on TDB2913 is slightly higher. CASH and HSAV are high-interest savings accounts in the form of ETFs and are NOT CDIC insured. These are, however, deposits in the large five banks, so they have relatively low risk and high liquidity. HSAV does not make distributions, whereas CASH does. This makes HSAV slightly tax efficient as the gains are taxed as capital gains rather than interests as for CASH. GICs held in different accounts and different banks may be eligible for CDIC insurance of up to $100,000 for each investment. We are comfortable with any of the options in terms of risk and safety.