CASH ETF Continues to Offer Competitive Yield Amid Elevated Interest Rates

The Global X High Interest Savings ETF (TSX:CASH) continues to offer investors a competitive, low-risk yield on cash as interest rates remain elevated.

The Bank of Canada's decision to hold its policy rate at 2.25% and signal potential future tightening if inflation stays high keeps deposit rates attractive for CASH, making it appealing to those seeking a place to wait out equity-market volatility without taking on duration or credit risk.

CASH invests almost entirely in high-interest deposit accounts held with one or more Canadian chartered banks, aiming to maximize monthly income while preserving capital and liquidity. Its yield tracks the interest rates banks pay on deposits, which are driven by the Bank of Canada's policy rate.