I suggest you go with the easy option of 1.25 cpp with Schwab. Opening the account will take less than 30 minutes with a good guaranteed return that they can turn around and invest into low volatility investments or just use the cash as they see fit. Any option to get a higher cpp rate would require significantly more work. IMHO you can't beat the Schwab 1.25 cpp option when you factor in the benefit vs effort factor.