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Saving

Saving isn’t an accident, it’s a skill. It’s also the bedrock of having a killer financial plan. We’ll help you learn how to do it better, and how to put your savings to work once you’ve socked something away.

How To Save Money - Top Saving Tips

By Lisa MacColl

You're wondering how to save money. It can be tough, but we have all the tips and tactics you need to get started saving money.

The 52 Week Money Challenge

By Ryan O'Leary

Find out how to follow the 52 week money challenge and other money challenges to help you save or invest.

Best High-Interest Savings Accounts in Canada

By Luisa Rollenhagen and Lisa MacColl

Find best high interest savings accounts in Canada using our 2022 comparison. We provide tips on choosing and compare accounts, rates and more.

12 Best Money Saving Apps of 2022 in Canada

By Dennis Hammer

Here's a list of the best money saving apps in 2019 to help you organize your budget, tighten up your spending, and put some money aside.

How to Save for a House

By Luisa Rollenhagen

Advice, tips and tricks you need to save for your dream home. Find out how to save for a downpayment and a house itself.

What Is A Savings Account? And How Do They Work

By Luisa Rollenhagen

Wondering what a savings account is? 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, the ones with the potential to earn a lot more interest.

Earn 0.75% interest with Wealthsimple Cash.

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Other resources

Saving vs. Investing Class

There's a time for saving and a time for investing. Learn how to make each strategy work for you.

Tax Calculator

Our free tax calculator will help you understand how much you owe in taxes, along with other useful information.

Learn more about saving

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What is Wealthsimple Cash? (Previously Save)

By Luisa Rollenhagen

Wealthsimple Save is now Wealthsimple Cash. Learn more about saving and spending account with features similar to a chequing account and saving account.

Best High-Interest Savings Accounts in Canada

By Luisa Rollenhagen and Lisa MacColl

Find best high interest savings accounts in Canada using our 2022 comparison. We provide tips on choosing and compare accounts, rates and more.

Why You Should Open an RESP for Your Kid

Are you missing out on free money for your kids? You may qualify for free money simply by opening an RESP for your kids. Find out more here.

How to Save for a House

By Luisa Rollenhagen

Advice, tips and tricks you need to save for your dream home. Find out how to save for a downpayment and a house itself.

Emergency Funds: What, Why & How Much

By Andrew Goldman

Even if you’re subsisting on $.30 packages of ramen, you still gotta have a kitchen in which you can prepare it. This is where the Emergency Fund steps up and saves the day.

How To Save Money - Top Saving Tips

By Lisa MacColl

You're wondering how to save money. It can be tough, but we have all the tips and tactics you need to get started saving money.

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We're building the world's most human financial company.

Last Updated: May 2, 2022

We provide investment services and other financial products through several affiliates.

Wealthsimple Trade is offered by Wealthsimple Investments Inc. (“WSII”), a registered investment dealer in each province and territory of Canada, a member of the Investment Industry Regulatory Organization of Canada (IIROC) (www.iiroc.ca) and a member of the Canadian Investor Protection Fund (CIPF) (www.cipf.ca), the benefits of which are limited to activities undertaken by WSII.

Wealthsimple Invest and Work are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your Invest and Work accounts are held with WSII.

Wealthsimple Crypto is offered by Wealthsimple Digital Assets Inc. (“WDA”), a registered restricted dealer in jurisdictions other than Québec. In Québec, WDA is registered as a derivatives dealer. Crypto-assets are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme.

Our Cash product is offered by Wealthsimple Payments Inc., a FINTRAC registered money services business. The funds you add to the Cash Account Funds are held securely in our omnibus custodial account with Canadian Western Trust Company, a federal trust company regulated by the Office of the Superintendent of Financial Institutions under the Trust and Loan Companies Act.

The Wealthsimple Visa Prepaid Card (Cash Card) is issued by People's Trust Company pursuant to license by Visa Int. All terms applicable to the Cash Card and all applicable fees and transaction limits with respect to the Cash Card and the services may be found in the Wealthsimple Cash Visa® Prepaid Card Cardholder Agreement between you and Peoples Trust Company.

Our Save product is offered by Wealthsimple Investments Inc. WSII is a member of the Investment Industry Regulatory Organization of Canada. Customer accounts held at WSII are not protected by CIPF. Wealthsimple is not a member of IIROC nor a member of CIPF.

All cash balances from your Wealthsimple Cash and Save account(s) are held in trust at a Canada Deposit Insurance Corporation (CDIC) member institution. Wealthsimple Investments Inc. is not a CDIC member institution. CDIC is a federal Crown corporation. CDIC is not a bank or a private insurance company. CDIC protects eligible deposits held at CDIC member institutions in case of a member’s failure. For eligible deposits held in trust at a CDIC member institution, CDIC insures up to $100,000 for each beneficiary named in a trust, provided certain disclosure rules are met. Coverage is free and automatic. For more information on how CDIC trust protection works, click here.

Wealthsimple Tax is offered by SimpleTax Software Inc. under the terms of our Wealthsimple Tax User Agreement.

With any investment, your capital is at risk. The value of your portfolio with Wealthsimple can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our investment risk disclosure for more information.

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