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  5. ZMMK: Do some of the Canadian Banks have ETF's similar to the Purpose High Interest Savings Fund (PSA). [BMO Money Market Fund]
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Q: Do some of the Canadian Banks have ETF's similar to the Purpose High Interest Savings Fund (PSA). If so; can you provide me with a few recommendations. Thanks.
Asked by Gerry on July 18, 2024
5i Research Answer:

There are not many products like this offered by Canadian Banks, and the Canadian Banks do not have high-interest savings ETFs yet.

But, there is the BMO Money Market ETF (ZMMK) which has a good level of liquidity, a 4.8% yield, and an MER of 0.13%.