Wealthsimple Cash
My everyday account. No monthly fees, earns high interest, and the Mastercard is great for day-to-day spending. I set up my direct deposit here and haven't looked back. The $1M CDIC coverage through their partner banks is a huge plus.
2.25%
Interest rate (Generation)
$0
Monthly fees
$1M
CDIC coverage
Key Benefits
1
High interest earnings
Earn up to 2.25% interest on your balance. Core: 1.25%, Premium: 1.75%, Generation: 2.25%. Extra 0.5% with $2K+ monthly direct deposit.
2
No fees anywhere
No monthly fees, no FX fees, no ATM fees (we reimburse worldwide), no e-Transfer fees.
3
10x more protection
$1 million CDIC coverage through partner banks — that's 10x the average bank protection.
Fees & Pricing
$0 monthly fees. $0 FX fees. $0 ATM fees (reimbursed). $0 e-Transfer fees. $20 flat fee for domestic wires.