PSA ETF Review
Purpose High Interest Savings Fund (PSA) gets the best-in-class yield for a cash deposit product with preferred rates negotiated with Canada’s big banks.
- Generate best-in-class yields and access your cash anytime
- Premium interest rate calculated daily and paid monthly
- No hidden fees, no lock-up periods, or minimum balances
- Daily liquidity (T+1)
- Deposits securely invested in high interest deposit accounts with Schedule 1 Canadian banks
Top PSA Holdings
- National Bank Cash Account
- Scotiabank Cash Account
- CIBC High Interest Savings Account
- Bank of Montreal Cash Account
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Is PSA a Good ETF?
Quickly compare PSA to other investments focused on Canadian high-interest savings and money market ETFs by fees, performance, yield, and other metrics to decide which ETF fits in your portfolio.
| Manager | ETF | Risk | Inception | MER | AUM | Beta | Yield | Distributions | 1Y | 3Y | 5Y | 10Y | 15Y |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock | CMR | Low | 2008-02-19 | 0.27% | $577,823,203 | N/A | 4.72% | Monthly | 4.83% | 2.27% | 1.75% | 1.24% | 1.04% |
| BMO | ZST.L | Low | 2017-02-09 | 0.16% | $226,640,000 | 0.14 | 1.13% | Monthly | 6.52% | 2.74% | 2.45% | N/A | N/A |
| CI | CSAV | Low | 2019-06-14 | 0.16% | $7,180,000,000 | N/A | 4.95% | Monthly | 5.08% | 2.74% | N/A | N/A | N/A |
| CIBC | CAFR | Low | 2019-01-22 | 0.34% | $366,674,171 | 0.04 | 4.59% | Monthly | 5.72% | 2.57% | 2.09% | N/A | N/A |
| Dynamic | DXV | Low | 2018-03-23 | 0.33% | $128,710,000 | 0.09 | 6.34% | Monthly | 5.97% | 2.74% | 2.91% | N/A | N/A |
| Evolve | HISA | Low | 2019-11-19 | 0.07% | $4,062,711,000 | N/A | 5.03% | Monthly | 5.14% | 2.79% | N/A | N/A | N/A |
| Franklin | FHIS | Low | 2022-09-12 | 0.18% | $120,910,000 | N/A | 3.47% | Monthly | 5.41% | N/A | N/A | N/A | N/A |
| Global X | CASH | Low | 2021-11-01 | 0.11% | $4,873,587,462 | N/A | 5.05% | Monthly | 5.21% | N/A | N/A | N/A | N/A |
| Guardian | GCTB | Low | 2023-07-11 | N/A | $137,892,198 | N/A | N/A | Monthly | N/A | N/A | N/A | N/A | N/A |
| Harvest | TBIL | Low | 2024-01-16 | N/A | $32,590,000 | N/A | N/A | Monthly | N/A | N/A | N/A | N/A | N/A |
| Mackenzie | QASH | Low | 2023-11-20 | N/A | $38,086,683 | N/A | N/A | Monthly | N/A | N/A | N/A | N/A | N/A |
| Ninepoint | NSAV | Low | 2020-11-17 | 0.16% | $501,650,000 | N/A | 4.73% | Monthly | 5.22% | 2.80% | N/A | N/A | N/A |
| Purpose | PSA | Low | 2013-11-15 | 0.16% | $5,209,000,000 | N/A | 5.11% | Monthly | 5.19% | 2.79% | 2.27% | 1.76% | N/A |
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