Purpose High Interest Savings Fund

Purpose High Interest Savings Fund is a type of exchange-traded fund (ETF) that aims to offer investors exposure to high-interest savings similar to traditional savings accounts, but with the added flexibility and accessibility of an exchange-traded product. This fund primarily invests in high-interest deposit accounts at various Canadian banks, providing a stable and low-risk investment avenue for preserving capital while earning competitive interest rates. The fund is designed to cater to investors seeking liquidity and regular interest income, without exposing themselves to the volatility typically associated with stock markets. Purpose High Interest Savings Fund can be a strategic component for portfolios requiring a conservative balance of safety and modest returns. Given its structure as a fund traded on stock exchanges, it allows for real-time pricing and can be conveniently bought and sold through brokerage accounts, integrating ease of access and potential for capital preservation in an investment portfolio.