Wealthsimple Cash
A hybrid account offering high interest, spending features, and stock trading integration.
Current Interest Rate
2.25%
Promo Rate
Calculate Your Returns with Wealthsimple
$
Total Interest Earned
$227.33
Based on 2.25% interest rate over 12 months
Key Account Facts
Monthly Fees
$0
Min Deposit
$0
Transactions
Unlimited
Transfer Time
1-3 Days
The Good
- High interest checking
- No foreign transaction fees
- Seamless investing integration
- Extended CDIC coverage
The Bad
- Online only
- Not a traditional bank (fintech)
- Customer service can be slow
Frequently Asked Questions
Is Wealthsimple a bank?
No, it's a fintech. Cash accounts are held in trust with CDIC member institutions.
Do I get a card?
Yes, the Wealthsimple Cash card (Prepaid Mastercard) acts like a debit card.