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Email this1:59 pm
August 6, 2024
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Hi,
If you have over $100,000 CAD what is the best place to park the funds and earn interest? The time frame the business would like to access the funds would be 60 days just in case the business needs the funds right away.
The business currently has the primary account with RBC earning no interest.
6:47 pm
April 6, 2013
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How about the RBC Prime-Linked Cashable GIC mentioned previously?
9:55 pm
April 14, 2021
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Why not the EQ 10-day notice account paying 4.5% or the 30-day notice for 5%?
7:18 pm
April 20, 2019
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They don’t have business accounts…do they?
9:47 pm
April 27, 2017
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Anything that needs to go out monthly goes into my RBC business savings account. The interest rate is 2.55% and it gets taxed at a high rate but better than nothing.
Cash that needs to go out in several months’ time goes into Questrade’s Corporate account and is used to buy ZST.L (ultrashort bonds ETF). Not cash but close. Yields between 4 and 5% but its all automatically reinvested. Likely to have capital gains too (which are not as heavily taxed). A lot of discount bonds right now… But that will change.
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