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Overview
A High-Interest Savings portfolio (HISP) is a low-risk, interest-yielding portfolio designed to reduce your exposure to market volatility. Unlike guaranteed investment certificates (GICs), there's no minimum holding period, and you can access your funds at any time.
Wealthsimple clients earn interest on cash invested in a HISP, however, we may use alternative savings funds in some cases.
Opening a High-Interest Savings Portfolio
We may recommend a High-Interest Savings Portfolio to you based on your answers to the managed portfolio risk assessment. You can't open a HISP yourself in your Wealthsimple profile.
If you'd like to open a similar account, you can consider opening a chequing account, a Registered Savings Account, or a Money Market portfolio.
Fees
High-Interest Savings Portfolios are excluded from management fees as of September 1st, 2025. There are no fees for this account. Learn more about fees.
Interest rate
The current interest rate is 2.50%. Interest rates can change at any time and fluctuate alongside bank lending rates.
Frequently asked questions
How will I receive interest in my account?
We calculate your interest daily and pay it out monthly. Here's how it works:
- We use your account's closing balance at 11:59 pm ET each day to calculate your interest.
- You'll get paid within the first 7 business days of the following month.
- New deposits start earning interest 1 business day after you make them.
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