Sorry, I thought that you were looking for alternative providers of high-interest savings accounts from the one that you were currently using, and not alternative investment vehicles which are still safe but not a high-interest savings account or GIC.Thanks but I was looking for alternatives
But you said earlier that you have "a very low risk tolerance and no clear short or long-term objectives" ....Looking for a little bit more return, while taking on just a bit more risk.
I'm doubtful ...Say on the order 3-5% returns. Is this possible?
You need to clarify your objectives in your own mind. It sounds as if you don't actually know what you want. Do you want the utmost safety of principal, or do you want moderate return? It's awfully hard to get both. More of one usually means less of the other.Are there any, what are they? For the novice investor with cash but a very low risk tolerance and no clear short or long-term objectives.
Time horizon a year. This year.
What institutions? Please share publically as I'm sure others are quite curious as well.Don't believe the hype - even though base rates are at historic lows it's still possible to make saving pay. The current best buys pays 3% easy access or, if you're willing to lock cash away, earn inflation plus 1% tax-free (currently 6.3% variable) These are the rates of some Institutions.