Account Features
The Wealthsimple Cash account earns 3.25% on all deposits, regardless of the total balance. Premium clients, who have at least $100,000 in Wealthsimple will receive 4% interest, and Generation clients, who have at least $500,000 in Wealthsimple will receive 4.5% interest. Interest is calculated daily and paid monthly, directly to the Wealthsimple Cash account.
Wealthsimple Cash members will also receive 1% cash back on all purchases.
This account also has unlimited transactions for sending and receiving money, paying bills, and depositing paycheques.
Fees
Monthly Fees
The Wealthsimple Cash account has no monthly fees.