Canadian self-directed brokerage accounts do not pay you any interest on your cash holdings. Most, however, do let you park your cash in units of a mutual fund that acts like a daily interest savings account. These accounts may have high minimum deposit requirements and pay a conservative rate. When the Canadian overnight rate dropped to 0.75% this month, what happened to the daily interest rate for funds held in brokerage accounts?

BMO InvestorLine AAT770

Canadian cash can be held in units of AAT770 at BMO InvestorLine. The kicker is Continue reading →