Best cash-alternative ETFs 2025

Sometimes you want to put your money in a safe place that’s earning a good interest rate. Given the stock and now bond market gyrations so far in 2025, that’s a pretty common sentiment amongst Canadian investors. But even in better times, there are good reasons to keep a portion of one’s savings in cash-like investments that will just keep pace with inflation but not put any hard-earned money at risk:

For an emergency fund, meant to deal with contingencies such as job loss or unexpected expenses such as a health crisis. For money you could need at any time, such as a down payment for a first home. For money you might need to use toward living expenses in the short term, for example as a bridge until pension income kicks in.

Best cash alternative ETFs 2025

ETFTickerManagement feeMERHoldingsDescription

Global X High Interest Savings ETF	CASH	0.10%	0.11%	5	HISA holdings, trailing yield 3.85%, current yield 2.52% annualized
Purpose High Interest Savings ETF	PSA	0.15%	0.17%	5	Mix of HISA accounts and short term Bank of Canada Treasuries, 2.65% net yield
Global X Cash Maximizer Corporate Class ETF	HSAV	0.18%	0.20%	4	HISA fund that avoids taxable distributions for tax efficiency, 2.54% current yield
BMO Money Market Fund ETF	ZMMK	0.28%	0.13%	374	Invests in short term govt and corporate paper, 3.61% annualized distribution yield

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