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  5. CASH: Is there a cash holding to invest in that is not locked into a term (like a GIC but with no term), so, with full liquidity? [Global X High Interest Savings ETF]

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Q: Is there a cash holding to invest in that is not locked into a term (like a GIC but with no term), so, with full liquidity? I'm thinking of a high-interest type account within an RRSP so I can go to cash a few months in advance of need for the cash, but still incur interest on the cash as I wait to make a monthly withdrawal. I invest with RBC Direct Investing in case that's helpful - perhaps there is an RBC product that suits my needs.
Asked by Kim on December 09, 2024
5i Research Answer:
We would suggest money market funds or government T-bills here. They have one-day liquidity and...
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