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"A lot of folks seem to place an abnormally high value on being able to hold their high interest savings account within a TFSA or an RRSP.  This doesn’t make a ton of sense the vast majority of the time.  If you’re looking at investing for the long-term, you should building a bonds/stocks portfolio to shelter in your RRSP or TFSA.  \r\n\r\nIn fact, I’ve been saying for years that calling the fun financial tool a Tax Free Savings Account was a massive branding mistake on the part of the government.  It should have been called a Tax Free Investment Account.  Just that small name change – when combined with Canada’s collective financial illiteracy – has been enough to encourage broad misuse of the tax advantages."
<https://milliondollarjourney.com/best-high-interest-savings-accounts-canada.htm>