ModernAdvisor's High Interest Savings portfolios are designed as low-risk investment options that provide a rate of return on your investment that is directly tied to prevailing interest rates. Unlike our other investment options, these portfolios are not affected by the fluctuations of the stock or bond markets.
The current yield on the ModernAdvisor High Interest Savings portfolios, net of ModernAdvisor management fees, is 2.74% per year assuming a 5% GST rate. This data is up to date as of March 13, 2025.
The High Interest Savings portfolio is generally suitable for short-term savings, and can be a good alternative to keeping cash in a bank account that earns little to no interest.