Wealthsimple Cash
Wealthsimple
2.25%
New clients who open and fund a Wealthsimple Chequing Account with at least $1 within 30 days receive a $25 cash bonus.
CA$0
CA$0
Unlimited free daily transactions
What sets this account apart is its hybrid structure, functioning as both a chequing and savings account while offering a competitive interest rate. Account holders particularly appreciate the seamless integration of banking and investing features.
Pros:
- Hybrid account features
- No minimum balance
Cons:
- Interest rate varies by balance
Wealthsimple Cash is an excellent choice for individuals seeking a no-fee account that combines the benefits of both chequing and savings, particularly for those who value earning a competitive interest rate while enjoying integrated banking and investing features. With a welcome bonus and no monthly fees, it caters well to both new savers and seasoned investors looking for flexibility in managing their finances.