Overview
With a corporate savings account, your funds remain in cash and earn interest. The interest rate you receive depends on your Wealthsimple client status. Below are the three interest rates we offer and how you can qualify for them:
| Interest rate* | How you qualify |
| 1.75% | All clients qualify if they have a Save for Business account open |
| 2.25% | Be a qualifying Premium client |
| 2.75% | Be a qualifying Generation client |
*The interest rates listed above are not promotional rates.
View your interest rate
Follow these steps to view your current corporate savings account interest rate:
- Sign in to the Wealthsimple mobile app
- From the Home tab, tap your desired corporate savings account
- Tap the History tab
- Scroll down to the Performance section to view your interest rate
- Log in to your Wealthsimple account
- Under Accounts, select your desired corporate savings account
- View your interest rate at the top of the page
Frequently asked questions
How and when is interest paid?
Interest is paid on the 5th business day of each month. It is calculated daily and paid monthly.
Will my interest rate change?
It’s possible. Your interest rates are subject to change at any time. We won’t change the interest rate unless our bank partners change the rate we receive, which is usually impacted by updates to the benchmark rate set by the Bank of Canada.
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