- Purpose High Interest Savings Fund (PSA)
- Global X High Interest Savings ETF (CASH)
- Global X 0-3 Month U.S. T-Bill ETF (UBIL.U)
- Global X 0-3 Month T-Bill ETF (CBIL)
Thanks!
If one buys short term government bonds, or T-Bills, they are technically safer, as income and interest is guaranteed by the government, and HISA income via an ETF product is not. But considering the short term nature of HISAs, we would still consider them 'almost' guaranteed, just not in the legal sense of the word. Generally, traded bonds have the potential to rise in value and boost returns in a falling rate environment, whereas HISAs will see correlated decreases in returns as rates fall. But short term bonds are less sensitive to rates and we would not expect return differences to be hugely material.