The Globe and Mail reports in its Saturday edition that if you are a TD Bank customer and want to park some cash, a simple option is the TD Investment Savings Account, which currently yields 4.3 per cent, calculated daily and paid monthly. The Globe's John Heinzl writes that one benefit of the TD ISA -- and similar high-interest savings products offered by other brokers -- is that it is covered by Canada Deposit Insurance Corp. To avoid any of your accounts exceeding CDIC's coverage limit of $100,000, you can even spread your money across different versions of the TD ISA. There are four to choose from, issued by TD Bank, TD Mortgage Corp., TD Pacific Mortgage Corp. and Canada Trust Co. These products are bought and sold like mutual funds, with no trading commissions or charges. Another option is a money market fund. One example is the TD Cash Management ETF, which was launched in February and is also aimed at investors seeking a relatively safe place to stash their cash. One drawback, however, is that you may have to pay a trading commission to buy or sell. Another is that, because the fund holds an ever-evolving mix of short-term corporate and government debt securities, the distributions vary from month to month.