Q: How safe is CBIL? Can it be used instead of a HISA? It has a great yield.
5i Research Answer:
CBIL is a T-Bill ETF, so we would view it as a lower risk ETF. Fees look low and the yield is around 4.4%. It would technically be a bit lower risk than a HISA because T-Bills are guaranteed by the government, and high interest bank deposits are not. But we would consider the risk difference largely immaterial.