Personal Finance

ISA - investment savings account, good way to park USD cash?

  • Last Updated:
  • Feb 25th, 2017 6:58 am
[OP]
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May 3, 2016
345 posts
30 upvotes

ISA - investment savings account, good way to park USD cash?

https://www.tdassetmanagement.com/solut ... eId=130268
http://www.rbcroyalbank.com/products/isa/

I'm new to these ISAs. What kind of risk level are they? Is it similar to that of Money Market Fund or savings accounts?

Are these ISAs not only available for purchase under brokerages and thus covered by CIPF/IIROC up to CAD 1 million assets including USD investments? My USD is currently under USD HISA (high interest savings account) at my bank that is offering only 0.25% return, I'm seeking higher return but equal low risk alternatives.
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