Best short term yield for RESP.

[Experimental_FIRE]

I have some cash sitting in my children's RSP that I want to get working. I have a 1.5 to 2 year time horizon for the money. What are your recommendations for the safest option for a short time horizon?

GICs seem to be 4.0-4.25% which currently loses to inflation but may be the best option.

Any better options I'm not considering?

[Heckler]

https://www.highinterestsavings.ca/forum/general-comparisons/brokerage-investment-savings-accounts/

A 1 year GIC won't change rates on you though.

[Experimental_FIRE]

https://www.highinterestsavings.ca/forum/general-comparisons/brokerage-investment-savings-accounts/

A 1 year GIC won't change rates on you though.

Yes, there's a simplicity to just holding it in a GIC.

[c-kat]

You could go with a HISA ETF. There are quite a few. Purpose has one called PSA that currently yields 4.8%.

[Experimental_FIRE]

You could go with a HISA ETF. There are quite a few. Purpose has one called PSA that currently yields 4.8%.

HISA - high interest savings account

Purpose - an investment company I've never heard of until now.

Thanks, that's a good yield.

[c-kat]

You could go with a HISA ETF. There are quite a few. Purpose has one called PSA that currently yields 4.8%.

HISA - high interest savings account

Purpose - an investment company I've never heard of until now.

Thanks, that's a good yield.

I believe the banks all have similar ETFs.  I used to have one with TD but can't remember the symbol. They will move down as rates go down, bit can be sold anytime without penalty.  The one negative is that they are not CDIC insured.