I just acquired $50 000. Where should I keep it to get the good returns in 6+ months?

[iherald]

I would max out my TFSA first and deposit $10k. With the remaining $40k, you could open up a High Interest Savings Account with People's Trust at 3%. They are located in Vancouver, are CDIC insured, but don't do transactions online. They have held their current 3% interest rate for their HISA for at least the last 2-3 years now. Alot of the big online banks (ING, Ally) have had small declines in their rates. OR...put it on all black

I just checked online, they are currently saying 2.1 % for HSA as of today. Better than ING at 1.8 but not 3 anymore! The TFSA account appears to still be at 3%

[Young&Ambitious]

Koala thanks for the link on Ally. I was enjoying my 1.8% on my emergency fund :/ well relative to the rates offered by the big banks. Oh well, I'll jump ship if need be.

[PF_Enthusiast]

I just checked online, they are currently saying 2.1 % for HSA as of today. Better than ING at 1.8 but not 3 anymore! The TFSA account appears to still be at 3%

Figures. I was just eyeing their HISA this past weekend and now after 2-3 years, they drop their interest rate. Still...2.1% is a good rate for a HISA and I don't need the online access. To deposit, buy some "cheap" stocks or DCA my index funds....

[Financial Cents]

Tax Free Savings Account. 'Nuff said