The Bank of Canada maintained their policy rate constant last week¹, and as a result the HISA table remains stable, with no changes from the previous month. On the US side, no changes were announced at the mid-may Fed meeting; the next US Fed meeting happens June 18th, and as a result, there’s no changes on the US side either. The US Fed rate remains at 4.33%, the same level it’s been since December 19, 2024.

You can see last month’s table over here, with a newly updated “last update” date 🙂

Since my provider (Questrade) doesn’t provide a way to buy HISAs on the cheap, I use ZMMK for my Canadian cash holdings and ICSH for my USDs. These ETFs are part of my ETF all-stars. ZMMK’s last distribution was $0.12 per share, which works out to a yield of 2.89%² and ICSH’s last distribution was $0.198284 per share, which works out to a yield of 4.71%.

As expected, I’m getting a slight premium on my interest rate for taking on a slightly more risky investment. I’ll keep on eye on that in future posts!

1. At 2.75%, if you’re keeping track ↩︎
2. 0.12/49.90*12 ↩︎