Our Smart Savings account is a low risk, fixed-income investment portfolio built for today. We thought the tried and true savings plan could use a Wealthsimple makeover. Here's how we built a better account. It's perfect for people who are dipping their toe into investing or for those who are already investing, to stash their emergency fund.
Interest rates on autopilot. Our portfolio managers automatically optimize your savings for great rates.
No introductory rates. Simple, honest interest rates with no minimums — that don't expire.
No hidden fees. Your rate is really your rate.
Safe and secure. Through our partners, your money is insured. Your contributions will be deposited amongst the following CDIC member institutions: Toronto Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, ADS Canadian Bank, National Bank of Canada, Equitable Bank, and B2B Bank. You can learn more about the complete list of CDIC member institutions here. Learn more.
Free withdrawals with no lock-in periods. As many withdrawals as you like and never pay a fee. Withdrawals take approximately four business days to appear back in your bank account.
Seamless integration. Control all your accounts from Wealthsimple's award-winning app.
Enjoy the perks of Wealthsimple Black. Get VIP airline lounge access, lower investment fees, and dedicated financial planning when you contribute over $100,000 across your Wealthsimple investment and savings accounts.