CADD vs. Wealthsimple & Big Bank Accounts
Data in the chart was last updated on October 27, 2026. The chart compares features of holding CADD, in a Wealthsimple crypto account versus holding CAD in Wealthsimple chequing and savings accounts (specifically the Wealthsimple Rate for savings) and Big Bank chequing and regular savings accounts. We define “Big Banks” as the 5 largest national banks listed under Schedule 1 of the Bank Act, with branches that customers can easily visit. Big Bank figures are averages of standard, non-tiered rates, fees and limits published on each institution’s website as of the date above. They may not reflect any single institution’s offering, promotional rates or account-specific pricing.
All information is for illustration only. Actual rates, fees, limits and settlement times at individual financial institutions may vary.
Our chequing product is offered by Wealthsimple Investments Inc., a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business.
Our savings account is offered by Wealthsimple Investments Inc. (“WSII”). WSII is a member of the Canadian Investment Regulatory Organization. Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.
Crypto is offered by Wealthsimple Investments Inc., a member of the Canadian Investment Regulatory Organization. All investments involve risk. See https://wsim.co/crypto-fees, https://wsim.co/relationship-disclosure, and https://wsim.co/crypto-risk-disclosure for details.
CADD Rewards.The CADD rewards program is a loyalty program funded by Wealthsimple and is subject to change. Rewards are paid by Wealthsimple, in our discretion, as a way of recognizing you for choosing to hold and use CADD with us. They are not a payment made by CADD, by its issuer, or by anyone else. For more information see {LINK to Rewards page}.
Interest Rates. We consider many factors when determining our chequing account’s interest rate, the Bank of Canada's benchmark rate is a big one. And that’s not unique to us — you’ll often see savings rates across the industry rise and fall with the benchmark. For more information, see www.wealthsimple.com/pricing.
Actual interest rate depends on total assets with Wealthsimple. Chequing account interest rate ranges from 1.25% to 2.25% and is dependent on total assets with Wealthsimple. Annualized rate, calculated daily, paid monthly. Subject to change. See https://wsim.co/rates for details.
The all-cash or Wealthsimple Rate of the Savings account is offered by Wealthsimple Investments Inc. (WSII) and is an annualized rate, calculated daily, paid monthly. Subject to change. Past performance is not indicative of future results. All investments involve risk. For more information see here for details.
Crypto Fees. Fees apply when you buy crypto with CADD or CAD from a Wealthsimple account. See https://wsim.co/crypto-fees for all fees and terms related to the Crypto account.
Daily and weekly transfer Limits. Individual transfer limits vary and will depend on various factors including, but not limited to, account type, total assets with Wealthsimple, transaction history, previous transfer amounts and risk profile. For more information, contact our Client Success team.
Maximum CDIC Coverage. The balance in your Wealthsimple chequing account is held in trust for you with members of the Canada Deposit Insurance Corporation (CDIC), a federal Crown corporation. CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. Although Wealthsimple is not a CDIC member institution, under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary per member institution. Coverage is free and automatic. Funds must be spread across at least 10 CDIC member institutions in order for up to $1 million in deposits to benefit from applicable CDIC coverage. Learn more.
International Money Transfers. For more information about sending international transfers with Wise, visit here.