I currently receive 4.25% interest rate on my bank’s savings account until end of 2026. I’d like to start investing in my TFSA, and my time horizon is 1.5-2 years before I move countries. The TFSA GIC with another institution offers 2.55-2.8% between 3-6 months (which I need for short term). I then plan to reinvest the gains. Since HYSAs are taxable but the rate is just under double the GIC’s, what do you think I should do?
