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Nervous markets await NvidiaThis summary was created by AI, based on 2 opinions in the last 12 months.
Purpose High Interest Savings (PSA-T) is considered an appealing option for de-risking a portfolio, particularly for investors around the age of 59. Experts highlight that PSA offers a competitive interest rate ranging between 5% to 5.5%, coupled with next-day liquidity, making it a strategic choice for those cautious about market downturns. One expert particularly notes that alternatives such as BNS high interest savings provide a similar return of 4.75% with guaranteed safety and flexibility. Additionally, there's a mention of ETFs like ZST.L, which invest in short-term bonds and offer low risk, potentially providing both interest income and capital appreciation as interest rates fluctuate. The consensus suggests that PSA and related savings options like HISA stand out due to their favorable risk-return profile and liquidity features.
Purpose High Interest Savings is a Canadian stock, trading under the symbol PSA-T on the Toronto Stock Exchange (PSA-CT). It is usually referred to as TSX:PSA or PSA-T
In the last year, 2 stock analysts published opinions about PSA-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Purpose High Interest Savings.
Purpose High Interest Savings was recommended as a Top Pick by on . Read the latest stock experts ratings for Purpose High Interest Savings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Purpose High Interest Savings In the last year. It is a trending stock that is worth watching.
On 2025-04-30, Purpose High Interest Savings (PSA-T) stock closed at a price of $50.01.
Likes the idea of PSA. TLT, he believes, is a leveraged play on the bond market and wouldn't do that. BNS high interest savings, for example, pays 4.75% for optionality and no risk.
For an ETF filled with 1-year bonds that's very low risk, look at ZST.L. Pays a high dividend, though it's interest. Very competitive rate. If interest rates come down, you might even get a bit of capital appreciation.