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RBC Direct Investing accounts
April 28, 2023
10:55 am
kesa
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I own the dyn6004 as well, but roll Bills regularly too

April 28, 2023
11:49 am
AltaRed
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No one needs to own a short term Tbill when there are far more liquid options. You can do much better than 2.2% at RBCDI as already noted by Norman. ISAs and MMFs for just 2 possibilities.

April 28, 2023
8:42 pm
Norman1
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kesa said

Screenshot-2023-04-28-at-1.52.20-PM.pngScreenshot-2023-04-28-at-1.52.00-PM.png

That 99.556 price and 4.28% yield from Scotia iTRADE are not real because they don't include the commission.

If one is ordering $10,000 worth, the commission would be the $24.99 minimum. That would add $24.99/$10,000 * 100 = 0.2499 to the 99.556 price for a total price of 99.8059. That's worse than the 99.742 price from RBC Direct Investing.

For $25,000 worth, the commission would be $25 and add 0.100 to the 99.556 price for a total price of 99.656. That results in a yield of 3.316% for the 38 days.

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