For TFSAs, RRSPs, and other non-Wealthsimple Cash account types, we currently offer a high-interest savings product called PSA. PSA is a money-market fund. Unfortunately, the rates offered by the high-interest savings product used in our Cash account does not extend to other account types. That being said, we're working on improving the rate that we can offer outside of Wealthsimple Cash accounts as well!
We understand that you may not always want to invest in the stock market in your TFSA or RRSP (if you have short-term purchases coming up, for example). If you are interested in moving into PSA, please write to our support team.
Lastly, to read more nuanced details on PSA (i.e. how it pays out dividends, how that impacts the value of your account, etc.), please read the following article for additional information.