Q: Hi group want to park some $ in high interest saving account I have 2 question's )
- How is the return calculated ( as an example PSA pays out dividend monthly monthly does that mean if i cash out in the middle of the month that i do not get a pro rated amount based on my balance. Could you explain how that works. is it a daily calculation payable at the end of the month or what.
- if i buy a US high interest account would that be a benefit for a higher return compared to buying a high interest Cad saving acct.
- could you provide some actual comparisons using real returns and currency numbers
thanks for your help with this.
- How is the return calculated ( as an example PSA pays out dividend monthly monthly does that mean if i cash out in the middle of the month that i do not get a pro rated amount based on my balance. Could you explain how that works. is it a daily calculation payable at the end of the month or what.
- if i buy a US high interest account would that be a benefit for a higher return compared to buying a high interest Cad saving acct.
- could you provide some actual comparisons using real returns and currency numbers
thanks for your help with this.
5i Research Answer:
PSA accues interest daily, but pays only once a month. It trades like a stock. If an investor...