As an alternative to cash in your account, you can buy Money Market mutual funds or High Interest Savings Account (HISA) funds. These funds do not have an applicable commission charge, nor a minimum holding period, nor a short-term redemption fee. Each fund company has its own Money Market mutual fund.
To find a Money Market Mutual Fund and to place a buy order:
- Log into your Qtrade account
- From the top menu click Trade
- Select Mutual Funds from the drop down menu
- Click the magnifying glass on the “Buy Fund Symbol” field
- In the Mutual Fund Search select a Fund Company and type “Money” as the Fund Description to see a list of Money Market Funds from that fund provider.
For HISA funds, refer to the links in the table below to find a HISA fund. Please note only F Class funds can be held at Qtrade.
HISA Website Links
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HISA Insurer |
Interest Rates |
Terms & Conditions |
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Royal Bank |
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Bank of Nova Scotia |
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Equitable Bank (EQB) |
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TD Asset Management |
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Renaissance Investments (CIBC) |
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Home Trust |
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B2B Bank |
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Manulife |
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Altamira (NBI) |
Alternatively we also offer the iShares Premium Money Market ETF (CMR) as one of our commission-free ETF options.