Purpose High Interest Savings (PSA.TO) Buy,…

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Purpose High Interest Savings (PSA.TO)

50.06

+0.01 (0.02%)

as of Jun 12, 2026, 7:58:20 pm Market Open.

43 watching

BUY

De-risking 40% of a portfolio at age 59.

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.

BUY

If he was concerned about a downturn, he'd just look at a daily high interest ETF like HISA or PSA. Those ones give you 5-5.5% right now, and next day liquidity.

PAST TOP PICK

(A Top Pick Jan 09/23, Up 5%)

Great option for investors looking for steady yield. Very defensive stock. Ability to generate yield that has been absent for years, given low interest rates. Would recommend to keep holding.

BUY

Good place to park your money, and fees are low.

Not much different from a money market fund, except the quality of the underlying securities might be a bit higher in a MM fund.

PAST TOP PICK

(A Top Pick Jan 09/23, Up 3%)

Strategy was to hold cash as interest rates were rising.
Zero risk asset.

TOP PICK

It is backed by bank accounts or deposit accounts at chartered banks, in other words a quasi money market fund.It is pretty stable with only the credit risk of individual banks. It has similar yield to a previous caller's suggestion - HSAV.

BUY

Good vehicle to park some money while interest rates are high. Would expect yield to be around 2% in 3 to 4 months. Safe place for cash holdings.

BUY

Good vehicle to park some money while interest rates are high. Would expect yield to be around 2% in 3 to 4 months. Safe place for cash holdings.

PAST TOP PICK

(A Top Pick Jul 31/19, Up 0.4%) This is a way to lower volatility. A return of 2.15% per year, paid monthly. Hold it during volatility, sell it, and use the return to pick up your cyclicals during periods of seasonal strength.

TOP PICK

Pays a 2.15% annual yield. This mitigates volatility during the summer, a place to park your cash until you take advantage of volatility. This will lower your portfolio's volatility.

PAST TOP PICK

(A Top Pick Aug 31/18, Up 0.4%) Yields 2.15%. As he raised cash before seaonal volatility in September and October, he parked that cash here. As the market plunged, he was 50% cash in August.

TOP PICK

High-yield savings account. Monthly distribution. With equity weakness in September coming up (the last 2 weeks being the weakest), being invested in this, you’ll do well to sit out the volatility. It’s only one month. Yield is 1.9%.

PAST TOP PICK

(A Top Pick January 13/17 Up 2%) Not meant to have a huge return as it is meant to mirror cash by holding high interest savings as a convenience. He likes holding cash better than bonds.

PAST TOP PICK

(A Top Pick Aug 18/17. 0%.) You are basically collecting a 1% return over the course of the year. It is basically a place to park cash.

PAST TOP PICK

(Top Pick Jun 28/17, Up 0.13%) It is basically a high interest savings account. A great place to park cash. A 1% rate of return savings product.

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Purpose High Interest Savings (PSA.TO) Frequently Asked Questions

What is Purpose High Interest Savings stock symbol?

Purpose High Interest Savings is a Canadian stock, trading under the symbol PSA.TO (previously PSA-T on Stockchase) on the Toronto Stock Exchange (PSA-CT). It is usually referred to as TSX:PSA or PSA.TO

Is Purpose High Interest Savings a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PSA.TO (previously PSA-T on Stockchase) on Stockchase. Read the latest expert commentary for Purpose High Interest Savings.

Is Purpose High Interest Savings a good investment or a top pick?

Purpose High Interest Savings was recommended as a Top Pick by Jon Vialoux on 2017-08-18. Read the latest stock experts ratings for Purpose High Interest Savings.

Why is Purpose High Interest Savings stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Purpose High Interest Savings.

Is Purpose High Interest Savings worth watching?

Purpose High Interest Savings is followed by 43 investors on Stockchase and is a trending stock that is worth watching.

What is Purpose High Interest Savings stock price?

On 2026-06-12, Purpose High Interest Savings (PSA.TO) stock closed at a price of $50.06.

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RN Croft Financial Group

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