Wealthsimple Cash
Wealthsimple
2.25%
New users can get a $25 cash bonus when signing up for a Wealthsimple account using a valid referral code and depositing at least $100 within 30 days.
CA$0
CA$0
Unlimited free everyday transactions
What sets this account apart is its integration with a prepaid Mastercard that earns cash back on everyday purchases, making it not just a savings account but also a spending tool. This unique feature, combined with no monthly fees and competitive interest rates, makes Wealthsimple Cash a compelling option for those looking to manage their finances effectively.
Pros:
- No foreign exchange fees
- Cash back on purchases
Cons:
- Interest rates tiered based on assets
Overall, Wealthsimple Cash is an ideal choice for individuals seeking a no-fee account that offers both competitive interest rates and a practical spending tool through its cash-back Mastercard, making it well-suited for those looking to enhance their financial management while earning rewards on everyday purchases.