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Updated June 3
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ETFs
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Cash & Money Market ETFs in Canada
Money market ETFs invest in very short-term securities: Treasury bills, commercial paper, bank deposits. They offer returns close to the policy rate with minimal risk.
Why invest
Temporary cash parking. Higher yield than traditional savings accounts. Immediate liquidity.
Is a money market ETF better than a high-interest savings account?
Money market ETFs like PSA or CSAV offer similar yield to high-interest savings accounts, with the advantage of being held in a TFSA or RRSP. However, their value can slightly fluctuate and you pay a MER.
When should I use a money market ETF?
Ideal for temporarily parking cash while waiting for an investment opportunity, for a short-term real estate down payment, or as a defensive position when markets are uncertain.
Cash & Money Market ETFs in Canada
Money market ETFs invest in very short-term securities: Treasury bills, commercial paper, bank deposits. They offer returns close to the policy rate with minimal risk.
Why invest
Temporary cash parking. Higher yield than traditional savings accounts. Immediate liquidity.
Is a money market ETF better than a high-interest savings account?
Money market ETFs like PSA or CSAV offer similar yield to high-interest savings accounts, with the advantage of being held in a TFSA or RRSP. However, their value can slightly fluctuate and you pay a MER.
When should I use a money market ETF?
Ideal for temporarily parking cash while waiting for an investment opportunity, for a short-term real estate down payment, or as a defensive position when markets are uncertain.
Holdings | Strategy | Dist. Freq. | Market | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
GL HSAV Cash Maximizer Corporate Class ETF | +3.20% | 0.18% | Swap | 0.00% | 2020 | 1.9G$ | 0.00 | Index | — | 44K | 🇨🇦 Canada | ||
PU PSA High Interest Savings Fund | +2.99% | 0.15% | - | 2.36% | 2013 | 3.1G$ | -0.01 | Index | Mo. | 108K | 🇨🇦 Canada | ||
CI CSAV High Interest Savings ETF | +2.92% | 0.14% | +6 | 2.27% | 2019 | 4.7G$ | 0.00 | Index | Mo. | 31K | 🇨🇦 Canada | ||
IS CMR Premium Money Market ETF | +2.88% | 0.24% | +9 | 2.56% | 2008 | 2.7G$ | -0.00 | Index | Mo. | 107K | 🇨🇦 Canada | ||
BM ZMMK Money Market Fund | — | 0.12% | 2.39% | 2021 | 5.8G$ | 0.65 | Index | Mo. | 247K | 🇨🇦 Canada | |||
CI CMNY Money Market ETF | — | 0.14% | - | 2.59% | 2023 | 116M$ | — | Index | Mo. | 4K | 🇨🇦 Canada | ||
GL CASH High Interest Savings ETF | — | 0.10% | - | 2.24% | 2021 | 6.7G$ | 0.73 | Index | Mo. | 469K | 🇨🇦 Canada | ||
SI SBIL Simplify Government Money Market ETF | — | 0.15% | — | 2025 | 4.4G$ | 0.00 | Index | Mo. | 259K | 🇺🇸 United States | |||
SC SGVT Schwab Government Money Market ETF | — | 0.28% | +12068 | — | 2025 | 493M$ | 0.00 | Index | Mo. | 229K | 🇺🇸 United States | ||
TE MMKT Government Money Market ETF | — | 0.20% | +214 | 3.92% | 2024 | 78M$ | 0.00 | Index | Mo. | 9K | 🇺🇸 United States | ||
BL GMMF iShares Government Money Market ETF | — | 0.20% | - | 3.74% | 2025 | 101M$ | 0.00 | Index | Mo. | 42K | 🇺🇸 United States | ||
BL PMMF iShares Prime Money Market ETF | — | 0.20% | - | 3.91% | 2025 | 525M$ | 0.00 | Index | Mo. | 149K | 🇺🇸 United States |