Data in the chart was last updated on August 19, 2026. The chart compares Wealthsimple’s savings account features, specifically the Wealthsimple Rate, to high-interest savings accounts from Canadian financial institutions as listed under Schedule I of the Bank Act. For easier comparison, we have separated those institutions into ‘Big Banks’ and ‘Digital Banks’. We define ‘Big Banks’ as being those big national banks that have branches that are easily accessible. We have defined ‘Digital Banks’ as online only institutions that do not have in-person branches for a customer to walk into.

All information provided is for illustration purposes only and actual fees from individual financial institutions may vary.

Wealthsimple Trade 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. 

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.