Best way to make interest on lump sum of $30-50k within 12 months
We would like to hear any suggestions of what would be the best way to earn interest on a lump some of money within a year.
The money gained from the interest would be used to fund or partially fund a vacation in November 2025.
So far we are thinking of putting it in my TFSA account as it does have remaining room, and pulling out the interest gained in a year to fund/partially fund the trip.
We currently don’t have a need to use that money for emergencies, or have any goals of buying a home in the near future.
Thank you.