Brokerage investment savings accounts | Page 37 | General comparisons | Discussion forum

What are you guys doing with your cash now? Gonna hold on till it get to the mid 3% or are you moving it to a money market ETF? What Money market do you recommend?

fsabbagh said
What are you guys doing with your cash now? Gonna hold on till it get to the mid 3% or are you moving it to a money market ETF? What Money market do you recommend?  

There are money market mutual funds as well as Cash ETFs. The latter is not necessarily better with trading costs (at most brokerages) albeit some brokerages now also charge commissions for money market mutual funds since they can no longer collect trailer fees.

I use brokerage ISAs such as DYN6004 at Scotia iTrade and BMT104 at BMOIL, although I also use BMO95142 money market mutual fund which is competitive with any others such as CIB238. Anything within 25bp relative to each other is good enough for me. I do not chase promos or anything of that nature.

TD ISAs are also 3.80% when I sign on to check my TDDI holdings.

Scotia also just dropped their ISA rates overnight by .25% across the board . US rates remain unchanged likely for another week or two.

https://ads.scotiabank.com/ADS.Core/ADSContent/DownloadDocuments?documentId=3144&lang=eng

BMT104 shows a drop to 4% as of today.

Dean said
.
FWIW . . .

TDB8152 (TD USD ISA) remains @ 4.90% ... but I don't expect that to last
much longer.

Dean

  

All the USD ISAs are likely to remain where they are until the Fed drops rates next week. Then count on the suite of them to change within 1-10 days thereafter....as usual.

Is the gain from brokerage ISA account considered as the capital gains, so only 50% of the gain taxable?

.
What NorthernRaven said ⬆

Dean

Norman1 said
The brokerage ISA units or shares are a fiction made for the benefit of the Fundserv system that investment dealers already have to handle mutual funds. There really no actual mutual fund trust or mutual fund corporation behind those simulated units/shares.

The interest is paid out monthly and appear as a simulated mutual fund distribution. The interest is credited to the brokerage account as cash or as additional simulated units/shares.  

Have you looked at RBF636 ? I'm able to buy it in my registered account at RBCDI and the present rate is 4.46 % with an MER of 0.24% which would still be a better return than RBF2010 or am I missing something ??

NorthernRaven said

RBF636 is a money market fund (MMF), not a CDIC-insured bank deposit. It should be very safe, etc, etc, but it isn't the same sort of thing.  

Thank you, I had forgotten that RBF2010 was a CDIC insured bank account.