Our savings account continually optimizes for the best rate, so you're always getting the highest interest available.
A smarter savings account with higher interest than the big banks. No introductory rates, limited-time offers, or expiries. The rate is the rate, period.
Wealthsimple Save is a perfect place to keep money for emergency expenses, a down payment, or your next vacation. And it integrates seamlessly with your other Wealthsimple accounts on our website and mobile app.
Unlimited free transactions: Never pay fees for transfers or withdrawals
No account minimum: Start with as little as $1
No low balance fees: No penalties ever
Never miss a milestone with more ways to contribute automatically.
Not sure which account is right for you? We'll help you choose.
The perfect place to keep the cash you need for your next short-term savings goal.
Our joint account makes saving together simple - no annoying paperwork required.
An ideal spot to earn higher interest on corporate cash you don’t need for everyday expenses.
Over $5B and counting - More than 175,000 people trust over $5 billion with Wealthsimple companies
Everything is encrypted - We use state-of-the-art data encryption when handling your financial information and two-factor authentication (2FA) protection
CIPF protected - Our brokerage is a member of the Canadian Investor Protection Fund, which covers accounts up to $1M against bankruptcy.
Powerful backing - Wealthsimple is backed by $265M in investment from some of the world's largest financial institutions
Your security and trust are important to us. We're committed to protecting your account with the highest standards of security available.
A smarter savings account with higher interest than the big banks.
Earn higher interest
Everything you need to make your cash work smarter
Earn 2% interest
Unlimited free transactions
No account minimums
No balance fees
No promotional rates
Deposit $0 - 100k
Everything you need to invest like an expert
Pay 0.5% management fee
Expert financial advice
A lower fee and VIP airport lounge access
All Basic plan features
Reduced 0.4% management fee
Financial planning session
Tax loss harvesting
Tax efficient funds
VIP airline lounge access
Holistic financial planning designed to build a legacy
All Black plan features
In-depth financial planning
Dedicated team of advisors
Personalized financial report
50% off Medcan health plan
There is no account limit for a Wealthsimple Save account.
Yes, and we won't charge you for any withdrawals. It takes 1 business days to withdraw your Wealthsimple Save contributions.
There is a 5 day settlement period on deposits, If you withdraw your money before that period is over, your withdrawal can take longer. We're constantly working on improving the speed of withdraws so you can have access to your money faster.
Interest is paid on the 5th of every month, or the next business day.
Wealthsimple’s custodial broker, ShareOwner Investments Inc., deposits the cash you deposit in your Wealthsimple Save account in trust at an account with one of more federally regulated, Schedule I banks. We carefully select these banks using a set of criteria that evaluates the institutions’ stability and security. The accounts at these banks are not covered by Canadian Deposit Insurance Corporation. Currently, the banks we deposit funds in trust with are Scotiabank and National Bank.