Another option in TFSA might be ZST.L: BMO Ultra Short-Term Bond ETF (Accumulating Units)Old_guy wrote: ↑25 Mar 2024 15:56 Daughter has cash in TFSA eaning nothing.
Thinking about CASH but it’s invested in high interest savings accounts (31-Dec-2049). What does that mean? The money is invested until 2049?
It’s yielding 5.1%.
Anyone familiar with how it works?
Merged topic due to subject matter - Moderator W
It basically behaves like a cash ETF you don't need to reinvest because it keep accumulating instead of distributing. Duration is a fraction of a year. Occasionally there are little wiggles especially when a sudden jerk in interest rates happens but it recovers really fast from the wiggles.