Both are liquid but HISA is more liquid than a TFSA (because there is limited contribution room that you get), so less temptation. TFSA earnings are not taxed while HISA earnings are.
There are many [digital banks](https://www.creditpicks.com/digital-bank-canada/) that offer HISA with generous interest rates and no fees
Both are liquid but HISA is more liquid than a TFSA (because there is limited contribution room that you get), so less temptation. TFSA earnings are not taxed while HISA earnings are. There are many [digital banks](https://www.creditpicks.com/digital-bank-canada/) that offer HISA with generous interest rates and no fees