The must-haves of a chequing account, but with a minimum {{CASH_INTEREST_RATE_CORE}} interest. Earn high interest when you save, and earn rewards when you spend.
For those looking for more traditional money management tools, Wealthsimple also offers Wealthsimple Cash account, a high interest savings account currently offering an eye-popping 4% interest rate (higher for Premium and Generation clients) as well as 1% cashback on their associated prepayment card....
market fund. For Wealthsimple Managed Investing, all funds are put into the market. Wealthsimple Self-Directed cash balances are not eligible for interest, although the broker is presumably able to earn some. Wealthsimple has a separate cash account that does pay interest, currently sitting at ...
cash account By The Editors 5 min read Margin accounts and cash accounts are two types of non-registered accounts that allow investors to access the markets. Learn more about the benefits and drawbacks of each. A Guide to Investing in Bonds By Andrew Goldman 8 min read Understand the ...
the checking account offered, holds your funds withCDICinsured partner banks and has a 4% interest rate that increases to 4.5% at the premium level and 5% at the generation level.7With the cash account, you can activate auto-invest features and enable stock or crypto rewards as a cashback...
For this reason, Wealthsimple created theSave account. Instead of keeping cash in your chequing account generating virtually nothing, you have an alternative to generate a bit of growth while keeping your principal guaranteed. If your short-term goals are in registered accounts such as a TFSA, an...
a 1.5% currency conversion fee on all currency conversions of cash between your CAD Account to your USD Account and vice versa. This fee is applied to the WSII Corporate Exchange Rate explained above. There is no currency conversion fee when trading US-listed securities from your USD Account....
Any growth in your account is tax-free until withdrawal. When it comes time to withdraw in retirement, you’ll get to do so at a lower tax rate. Pay for education or a home The Home Buyer’s Plan and Lifelong Learning Plan let you withdraw limited amounts from your RRSP before retirem...
We'll explain what they are, how savings accounts work, how to open one and calculate the interest you'll earn. We'll also let you in on something called high-yield savings accounts or a cash account, the ones with the potential to earn a lot more interest. ...
USD Account Subscription Fees Wealthsimple charges a subscription fee when you open a USD Account for self-directed trading of securities. If you have a subscription fee charge to your Crypto account, you have specified your Crypto account for billing purposes. The USD Account Fee will be debited...