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Purpose High Interest Savings Fund (PSA)
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Global X High Interest Savings ETF (CASH)
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Global X 0-3 Month U.S. T-Bill ETF (UBIL.U)
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Global X 0-3 Month T-Bill ETF (CBIL)
Q: My Son hopes to buy a condo in the next 6 months and has sold most of his stocks and now holds mainly cash. PSA, CASH, CBIL and UBIL.U all currently yield in the 5% range. I am thinking he is best to put most the funds in CBIL and UBIL.U, since these may benefit a bit if interest rates fall, whereas the yield in PSA and CASH would decrease. Or is he best to put funds in PSA or CASH and sacrifice a possible decrease in yield, for a safer investment in HISA ETFs. Thank you for your comments!!