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....
Interest on cash balances:Wealthsimple doesn’t pay interest on idle cash orsweep it into a money 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 ...
Wealthsimple robo-advisor accounts are intended to be fully invested, so there are no cash management features. Wealthsimple Spend and Save, 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...
Understanding when it makes sense to hold cash money and when to use it is a key component of investing. Learn about when it makes sense to invest, and how much is too much. How much money do you need to save for retirement? By The Editors 5 min read It’s never too early to ...
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...
The use of leverage may not be suitable for all investors. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If an investor borrows money to purchase securities, the investor’s responsibility to repay the loan and pay interest as re...
WSII charges 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...
When your orders are settled, Wealthsimple will, as required, convert funds between CAD to USD using its corporate exchange rate. Wealthsimple earns income on the corporate exchange rate, but this cost is included in the trading fee described above. ...
High-interest cash account Plans & benefits Plans & benefits Your plan is based on your total assets with us, so whether you’re a seasoned investor or just getting started, your benefits are tailored to where you’re at. Plans Compare plans Premium & Generation benefits Support Support Need...