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I abbreviate 'the amount of reserves to be deposited' to 'principal.'

Criteria:

  1. This principal must be conserved (excepting rarities like the collapse of Canada)
  2. Must be able to be withdrawn no longer than a month after requesting a withdrawal.

Investing For Canadians For Dummies, 3 Ed ((2009) by Tony Martin, Eric Tyson) recommends high-rate savings accounts which appear to yield the highest interest (up to 1.75% and 1.50%), and so which transcend their other recommendation of 'money market mutual funds'.

Are high-rate savings accounts truly the option with the highest interest?

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    Do you mean, "the option with the highest interest and 100% protection of principal"? Are you looking to protect $100,000 or less? Are you willing to lock your money up for a longer time period and receive NO interest if you withdraw early, but the full interest if you leave it for the full time period? – ChrisInEdmonton Aug 30 '15 at 21:26
  • @ChrisInEdmonton the option with the highest interest and 100% protection of principal : Yes. Regarding the amount, the amount doesn't matter; I think that you are implying CDIC protection? Are you willing to lock your money up for a longer time period and receive NO interest if you withdraw early, but the full interest if you leave it for the full time period? : Yes, please discuss this. Are you implying redeemable GICs? – Greek - Area 51 Proposal Aug 31 '15 at 16:00

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