Hello Everyone.... ok so in my educational tutorials I keep here ing about put your money into a high yield or a high interest account. Being from Canada where does one find that?? Are digital banks the way to go? cause my bank only offers a 0.50 % TFSA . Would Gic's be a better fit?? Any advice would be greatly appreciated.
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3 Comments
Sean @seantheinvestor · 56m
Wealthsimple offers a decent interest rate. Alternatively, buy some $CASH or $CBIL and the monthly dividend would be better than locking up your money in GICs
george Young@geo_van · 44m
And I use Wealthsimple
george Young@geo_van · 45m
I put a lot in the $cash etf but actually have just started a new tfsa as well that’s just an actual cash account.. . They both get around the 2.25% interest rate and are highly liquid.
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